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

Ecovyst (NYSE:ECVT - Get Free Report) had its price objective lowered by equities researchers at BMO Capital Markets from $11.00 to $9.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an "outperform" rating on the stock. BMO Capital Markets' price objective points to a potential upside of 29.78% from the company's previous close.

A number of other brokerages also recently issued reports on ECVT. Citigroup raised their price objective on Ecovyst from $8.00 to $9.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. BWS Financial restated a "buy" rating and issued a $12.00 price target on shares of Ecovyst in a research report on Friday, February 28th.

Ecovyst Trading Up 2.0 %

NYSE:ECVT traded up $0.14 during mid-day trading on Monday, hitting $6.94. 1,003,619 shares of the company's stock were exchanged, compared to its average volume of 876,146. Ecovyst has a fifty-two week low of $6.02 and a fifty-two week high of $11.35. 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 firm has a market capitalization of $808.00 million, a P/E ratio of 15.08, a PEG ratio of 1.04 and a beta of 1.05. The company has a 50 day simple moving average of $7.74 and a 200-day simple moving average of $7.37.

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Institutional Investors Weigh In On Ecovyst

Several large investors have recently added to or reduced their stakes in the business. Spire Wealth Management boosted its holdings in shares of Ecovyst by 72.9% during the 4th quarter. Spire Wealth Management now owns 4,496 shares of the company's stock worth $34,000 after buying an additional 1,896 shares in the last quarter. Deerfield Management Company L.P. Series C acquired a new position in shares of Ecovyst during the 4th quarter valued at $79,000. Bridgefront Capital LLC bought a new position in Ecovyst during the fourth quarter worth $81,000. Cibc World Markets Corp acquired a new stake in Ecovyst in the fourth quarter worth $83,000. Finally, Capstone Investment Advisors LLC bought a new stake in Ecovyst in the third quarter valued at $86,000. 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.