BMO Capital Markets Cuts Ecovyst (NYSE:ECVT) Price Target to $9.00

Ecovyst (NYSE:ECVT) had its price objective trimmed by BMO Capital Markets from $11.00 to $9.00 in a research report sent to investors on Monday,Benzinga reports. The firm currently has an outperform rating on the stock.

Several other analysts have also issued reports on ECVT. BWS Financial reiterated a “buy” rating and set a $12.00 target price on shares of Ecovyst in a report on Friday, February 28th. Citigroup upped their price objective on Ecovyst from $8.00 to $9.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th.

Ecovyst Stock Performance

ECVT opened at $6.84 on Monday. Ecovyst has a 52-week low of $6.02 and a 52-week high of $11.35. The firm has a market capitalization of $796.35 million, a PE ratio of 14.86, a PEG ratio of 1.04 and a beta of 1.05. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.06 and a current ratio of 2.54. The business’s 50-day simple moving average is $7.74 and its 200 day simple moving average is $7.37.

Institutional Trading of Ecovyst

Institutional investors and hedge funds have recently bought and sold shares of the business. Creative Planning acquired a new position in shares of Ecovyst in the third quarter valued at approximately $310,000. Easterly Investment Partners LLC grew its position in shares of Ecovyst by 56.1% in the third quarter. Easterly Investment Partners LLC now owns 155,296 shares of the company’s stock valued at $1,064,000 after purchasing an additional 55,836 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of Ecovyst in the third quarter valued at approximately $349,000. Oppenheimer Asset Management Inc. grew its position in shares of Ecovyst by 41.9% in the third quarter. Oppenheimer Asset Management Inc. now owns 71,599 shares of the company’s stock valued at $490,000 after purchasing an additional 21,147 shares during the last quarter. Finally, Cornercap Investment Counsel Inc. grew its position in shares of Ecovyst by 51.2% in the third quarter. Cornercap Investment Counsel Inc. now owns 77,036 shares of the company’s stock valued at $528,000 after purchasing an additional 26,093 shares during the last quarter. Institutional investors own 86.69% of the company’s stock.

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.