BWS Financial Reaffirms Buy Rating for Ecovyst (NYSE:ECVT)

Ecovyst (NYSE:ECVT - Get Free Report)'s stock had its "buy" rating restated by BWS Financial in a research report issued on Monday,Benzinga reports. They currently have a $12.00 price objective on the stock. BWS Financial's price target suggests a potential upside of 80.86% from the stock's previous close.

Separately, BMO Capital Markets cut their price objective on shares of Ecovyst from $11.00 to $9.00 and set an "outperform" rating on the stock in a research report on Monday, March 3rd.

Ecovyst Trading Up 0.4 %

ECVT stock traded up $0.03 during mid-day trading on Monday, reaching $6.64. 211,779 shares of the stock traded hands, compared to its average volume of 936,782. Ecovyst has a 52-week low of $5.24 and a 52-week high of $9.96. The stock's fifty day moving average is $6.27 and its 200-day moving average is $7.21. The company has a current ratio of 2.54, a quick ratio of 2.06 and a debt-to-equity ratio of 1.17. The company has a market cap of $778.86 million, a P/E ratio of 14.42, a P/E/G ratio of 1.04 and a beta of 1.06.

Ecovyst (NYSE:ECVT - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.04. Ecovyst had a net margin of 7.74% and a return on equity of 7.07%. The business had revenue of $162.20 million during the quarter, compared to analysts' expectations of $168.43 million. During the same period last year, the company posted $0.04 earnings per share. The firm's quarterly revenue was up 1.1% compared to the same quarter last year. As a group, sell-side analysts expect that Ecovyst will post 0.44 earnings per share for the current year.

Institutional Investors Weigh In On Ecovyst

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Ecovyst by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 10,926,133 shares of the company's stock valued at $83,476,000 after purchasing an additional 56,142 shares during the last quarter. Shapiro Capital Management LLC boosted its stake in Ecovyst by 21.9% during the fourth quarter. Shapiro Capital Management LLC now owns 4,830,268 shares of the company's stock worth $36,903,000 after buying an additional 868,397 shares in the last quarter. William Blair Investment Management LLC boosted its position in shares of Ecovyst by 1.9% during the 4th quarter. William Blair Investment Management LLC now owns 3,601,346 shares of the company's stock valued at $27,514,000 after acquiring an additional 67,338 shares in the last quarter. Medina Value Partners LLC raised its holdings in shares of Ecovyst by 44.2% in the 4th quarter. Medina Value Partners LLC now owns 2,742,233 shares of the company's stock worth $20,951,000 after buying an additional 840,495 shares in the last quarter. Finally, Boston Partners lifted its holdings in shares of Ecovyst by 30.2% during the fourth quarter. Boston Partners now owns 2,401,811 shares of the company's stock valued at $18,405,000 after acquiring an additional 557,249 shares during the period. 86.69% of the stock is currently owned by institutional investors.

Ecovyst Company Profile

Ecovyst Inc offers specialty catalysts and services in the United States and internationally. The company operates in two segments, Ecoservices and Advanced Materials & Catalysts. The Ecoservices segment provides sulfuric acid recycling services and end-to-end logistics for production of alkylate for refineries; and virgin sulfuric acid for mining, water treatment, and industrial applications.

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