Ecovyst (NYSE:ECVT) Price Target Cut to $11.00 by Analysts at KeyCorp

Ecovyst (NYSE:ECVT) had its price target cut by KeyCorp from $12.00 to $11.00 in a report published on Monday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other research firms have also recently issued reports on ECVT. BMO Capital Markets upped their price objective on shares of Ecovyst from $10.00 to $14.00 and gave the stock an “outperform” rating in a research report on Friday, September 12th. Wall Street Zen cut shares of Ecovyst from a “buy” rating to a “hold” rating in a research note on Sunday, October 19th. Weiss Ratings reiterated a “sell (d)” rating on shares of Ecovyst in a research note on Wednesday, October 8th. Finally, BWS Financial reissued a “buy” rating and set a $12.00 price objective on shares of Ecovyst in a report on Monday, August 11th. Four analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $11.50.

Ecovyst Price Performance

Shares of ECVT stock opened at $8.59 on Monday. The business has a fifty day simple moving average of $8.62 and a 200 day simple moving average of $8.27. The company has a market cap of $978.86 million, a P/E ratio of -9.23, a P/E/G ratio of 3.60 and a beta of 1.25. The company has a quick ratio of 2.07, a current ratio of 2.25 and a debt-to-equity ratio of 1.39. Ecovyst has a twelve month low of $5.24 and a twelve month high of $9.69.

Ecovyst (NYSE:ECVT) last issued its earnings results on Tuesday, November 4th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.02). The business had revenue of $204.91 million for the quarter, compared to analyst estimates of $204.74 million. Ecovyst had a positive return on equity of 8.93% and a negative net margin of 14.34%. Ecovyst has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that Ecovyst will post 0.44 EPS for the current fiscal year.

Hedge Funds Weigh In On Ecovyst

A number of hedge funds have recently modified their holdings of the business. Arizona State Retirement System boosted its holdings in Ecovyst by 6.7% in the third quarter. Arizona State Retirement System now owns 34,740 shares of the company’s stock worth $304,000 after acquiring an additional 2,195 shares in the last quarter. CWM LLC lifted its holdings in shares of Ecovyst by 63.0% in the 2nd quarter. CWM LLC now owns 5,946 shares of the company’s stock worth $49,000 after purchasing an additional 2,298 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Ecovyst by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 69,105 shares of the company’s stock valued at $428,000 after purchasing an additional 2,874 shares during the period. AlphaQuest LLC grew its position in Ecovyst by 60.1% in the 1st quarter. AlphaQuest LLC now owns 9,042 shares of the company’s stock valued at $56,000 after purchasing an additional 3,396 shares during the period. Finally, Royal Bank of Canada increased its stake in Ecovyst by 8.6% during the 1st quarter. Royal Bank of Canada now owns 45,069 shares of the company’s stock valued at $279,000 after purchasing an additional 3,571 shares in the last quarter. Institutional investors and hedge funds own 86.69% of the company’s stock.

About Ecovyst

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.