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

Ecovyst (NYSE:ECVT) had its price target decreased by BMO Capital Markets from $11.00 to $9.00 in a research note issued to investors on Friday, Benzinga reports. BMO Capital Markets currently has an outperform rating on the stock.

Several other research analysts have also recently weighed in on ECVT. BWS Financial restated a “buy” rating and issued a $12.00 price target on shares of Ecovyst in a research note on Friday. Citigroup dropped their price target on shares of Ecovyst from $13.00 to $11.00 and set a “buy” rating on the stock in a research note on Friday, July 12th. Finally, KeyCorp reduced their target price on shares of Ecovyst from $13.00 to $10.00 and set an “overweight” rating for the company in a report on Monday, August 5th.

Ecovyst Stock Up 0.1 %

ECVT stock opened at $7.63 on Friday. Ecovyst has a twelve month low of $6.02 and a twelve month high of $11.35. The company has a quick ratio of 2.18, a current ratio of 2.72 and a debt-to-equity ratio of 1.19. The business has a 50 day moving average of $6.66 and a 200 day moving average of $8.09. The firm has a market cap of $888.64 million, a PE ratio of 16.59, a price-to-earnings-growth ratio of 1.19 and a beta of 1.01.

Insider Transactions at Ecovyst

In related news, insider Paul Whittleston purchased 7,800 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The stock was bought at an average price of $6.50 per share, for a total transaction of $50,700.00. Following the completion of the transaction, the insider now owns 57,542 shares in the company, valued at approximately $374,023. The trade was a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.59% of the company’s stock.

Hedge Funds Weigh In On Ecovyst

Large investors have recently made changes to their positions in the company. Innealta Capital LLC purchased a new stake in Ecovyst in the second quarter worth $35,000. CWM LLC lifted its position in shares of Ecovyst by 6,920.7% in the 2nd quarter. CWM LLC now owns 4,072 shares of the company’s stock worth $37,000 after purchasing an additional 4,014 shares during the period. Quarry LP lifted its holdings in Ecovyst by 61.2% during the second quarter. Quarry LP now owns 4,533 shares of the company’s stock worth $41,000 after buying an additional 1,721 shares during the period. SG Americas Securities LLC purchased a new position in Ecovyst in the second quarter valued at about $95,000. Finally, Algert Global LLC purchased a new position in shares of Ecovyst in the 2nd quarter worth approximately $106,000. 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.