Ecovyst (NYSE:ECVT) Given Buy Rating at BWS Financial

Ecovyst (NYSE:ECVT)‘s stock had its “buy” rating reissued by analysts at BWS Financial in a report released on Friday,Benzinga reports. They currently have a $12.00 price objective on the stock. BWS Financial’s target price points to a potential upside of 76.60% from the company’s current price.

Several other analysts also recently issued reports on ECVT. Citigroup lifted their price target on shares of Ecovyst from $8.00 to $9.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. BMO Capital Markets lifted their price target on shares of Ecovyst from $9.00 to $10.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd.

Ecovyst Trading Down 1.9 %

Shares of NYSE:ECVT traded down $0.14 during mid-day trading on Friday, hitting $6.80. The company had a trading volume of 1,844,367 shares, compared to its average volume of 727,650. The firm has a fifty day moving average price of $7.82 and a 200 day moving average price of $7.37. The company has a market capitalization of $791.69 million, a PE ratio of 14.77, a price-to-earnings-growth ratio of 1.04 and a beta of 1.05. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.54 and a quick ratio of 2.06. Ecovyst has a one year low of $6.02 and a one year high of $11.35.

Hedge Funds Weigh In On Ecovyst

Hedge funds have recently bought and sold shares of the company. Spire Wealth Management boosted its holdings in Ecovyst by 72.9% during the 4th quarter. Spire Wealth Management now owns 4,496 shares of the company’s stock worth $34,000 after acquiring an additional 1,896 shares during the last quarter. Deerfield Management Company L.P. Series C purchased a new position in Ecovyst during the 4th quarter worth $79,000. Bridgefront Capital LLC purchased a new position in Ecovyst during the 4th quarter worth $81,000. Cibc World Markets Corp purchased a new position in Ecovyst during the 4th quarter worth $83,000. Finally, Capstone Investment Advisors LLC purchased a new position in Ecovyst during the 3rd quarter worth $86,000. 86.69% of the stock is owned by hedge funds and other 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.