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

Ecovyst (NYSE:ECVT)‘s stock had its “buy” rating reiterated by stock analysts at BWS Financial in a note issued to investors on Monday,Benzinga reports. They presently have a $12.00 price target on the stock. BWS Financial’s price objective indicates a potential upside of 80.86% from the stock’s previous close.

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

Ecovyst Trading Up 0.4 %

Shares of Ecovyst stock traded up $0.03 during trading on Monday, reaching $6.64. 211,779 shares of the company were exchanged, compared to its average volume of 936,782. Ecovyst has a twelve month low of $5.24 and a twelve month high of $9.96. The business has a 50-day moving average price of $6.27 and a 200-day moving average price of $7.21. The company has a quick ratio of 2.06, a current ratio of 2.54 and a debt-to-equity ratio of 1.17. The firm has a market capitalization of $778.86 million, a price-to-earnings ratio of 14.42, a P/E/G ratio of 1.04 and a beta of 1.06.

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Spire Wealth Management grew its position in shares of Ecovyst by 72.9% in the 4th quarter. Spire Wealth Management now owns 4,496 shares of the company’s stock valued at $34,000 after acquiring an additional 1,896 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Ecovyst by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 66,231 shares of the company’s stock valued at $506,000 after acquiring an additional 2,325 shares during the period. Versant Capital Management Inc raised its position in shares of Ecovyst by 200.7% in the first quarter. Versant Capital Management Inc now owns 5,227 shares of the company’s stock valued at $32,000 after purchasing an additional 3,489 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Ecovyst by 1.2% during the 1st quarter. Bank of New York Mellon Corp now owns 372,061 shares of the company’s stock worth $2,307,000 after buying an additional 4,293 shares during the last quarter. Finally, EP Wealth Advisors LLC lifted its position in Ecovyst by 18.4% during the fourth quarter. EP Wealth Advisors LLC now owns 30,567 shares of the company’s stock worth $234,000 after acquiring an additional 4,743 shares during the last quarter. Institutional investors and hedge funds 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.