Ecovyst (NYSE:ECVT) Given New $11.00 Price Target at KeyCorp

Ecovyst (NYSE:ECVT) had its price target decreased by research analysts at KeyCorp from $12.00 to $11.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has an “overweight” rating on the stock. KeyCorp’s price objective would suggest a potential upside of 30.87% from the stock’s current price.

ECVT has been the subject of several other research reports. Wall Street Zen lowered shares of Ecovyst from a “buy” rating to a “hold” rating in a research report on Sunday, October 19th. BMO Capital Markets boosted their price objective on Ecovyst from $10.00 to $14.00 and gave the stock an “outperform” rating in a research note on Friday, September 12th. BWS Financial restated a “buy” rating and set a $12.00 price objective on shares of Ecovyst in a research report on Monday, August 11th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Ecovyst in a report on Wednesday, October 8th. Four research 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.50.

Ecovyst Stock Performance

Shares of ECVT stock opened at $8.41 on Monday. The company has a current ratio of 2.25, a quick ratio of 2.07 and a debt-to-equity ratio of 1.39. The company has a market cap of $958.33 million, a PE ratio of -9.04, a P/E/G ratio of 3.60 and a beta of 1.25. The company’s fifty day simple moving average is $8.63 and its 200-day simple moving average is $8.25. Ecovyst has a 52 week low of $5.24 and a 52 week high of $9.69.

Ecovyst (NYSE:ECVT) last posted its earnings results on Tuesday, November 4th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.02). Ecovyst had a negative net margin of 14.34% and a positive return on equity of 8.93%. The company had revenue of $204.91 million during the quarter, compared to analyst estimates of $204.74 million. Ecovyst has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that Ecovyst will post 0.44 EPS for the current year.

Institutional Trading of Ecovyst

Several hedge funds and other institutional investors have recently modified their holdings of ECVT. American Century Companies Inc. raised its holdings in Ecovyst by 39.6% in the 1st quarter. American Century Companies Inc. now owns 379,907 shares of the company’s stock worth $2,355,000 after acquiring an additional 107,761 shares during the period. EP Wealth Advisors LLC boosted its holdings in Ecovyst by 29.5% during the first quarter. EP Wealth Advisors LLC now owns 39,599 shares of the company’s stock valued at $246,000 after acquiring an additional 9,032 shares during the period. Nuveen LLC acquired a new stake in shares of Ecovyst in the first quarter valued at about $5,448,000. Dynamic Technology Lab Private Ltd bought a new stake in Ecovyst in the 1st quarter valued at $524,000. Finally, Cove Street Capital LLC raised its stake in shares of Ecovyst by 29.8% in the 1st quarter. Cove Street Capital LLC now owns 638,149 shares of the company’s stock valued at $3,957,000 after buying an additional 146,589 shares in the last quarter. 86.69% of the stock is currently 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.