Ecovyst (NYSE:ECVT) Stock Price Expected to Rise, Citigroup Analyst Says

Ecovyst (NYSE:ECVT) had its price target upped by equities researchers at Citigroup from $8.00 to $9.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup’s price objective indicates a potential upside of 23.29% from the company’s previous close.

Several other analysts also recently commented on ECVT. BWS Financial reiterated a “buy” rating and issued a $12.00 price target on shares of Ecovyst in a research report on Wednesday, December 4th. BMO Capital Markets upped their target price on shares of Ecovyst from $9.00 to $10.00 and gave the company an “outperform” rating in a report on Tuesday, December 3rd.

Ecovyst Price Performance

Shares of NYSE ECVT opened at $7.30 on Wednesday. The company has a current ratio of 2.54, a quick ratio of 2.06 and a debt-to-equity ratio of 1.17. The stock has a market cap of $850.52 million, a P/E ratio of 15.87, a P/E/G ratio of 1.67 and a beta of 1.06. The stock has a 50 day moving average of $7.49 and a two-hundred day moving average of $7.73. Ecovyst has a twelve month low of $6.02 and a twelve month high of $11.35.

Institutional Investors Weigh In On Ecovyst

Large investors have recently modified their holdings of the stock. Innealta Capital LLC acquired a new position in Ecovyst in the 2nd quarter valued at $35,000. CWM LLC boosted its holdings in shares of Ecovyst by 6,920.7% in the second quarter. CWM LLC now owns 4,072 shares of the company’s stock valued at $37,000 after acquiring an additional 4,014 shares in the last quarter. Quarry LP increased its stake in shares of Ecovyst by 61.2% during the second quarter. Quarry LP now owns 4,533 shares of the company’s stock worth $41,000 after acquiring an additional 1,721 shares during the period. Capstone Investment Advisors LLC purchased a new position in Ecovyst during the third quarter worth about $86,000. Finally, SG Americas Securities LLC acquired a new stake in Ecovyst in the second quarter valued at about $95,000. Hedge funds and other 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.