BWS Financial Reiterates Buy Rating for Ecovyst (NYSE:ECVT)

Ecovyst (NYSE:ECVT - Get Free Report)'s stock had its "buy" rating reaffirmed by stock analysts at BWS Financial in a research report issued to clients and investors on Friday,Benzinga reports. They currently have a $12.00 target price on the stock. BWS Financial's target price indicates a potential upside of 82.37% from the stock's current price.

Other equities research analysts have also recently issued research reports about the company. BMO Capital Markets upped their target price on Ecovyst from $9.00 to $10.00 and gave the stock an "outperform" rating in a research report on Tuesday, December 3rd. Citigroup upped their price target on Ecovyst from $8.00 to $9.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th.

Ecovyst Stock Performance

Ecovyst stock traded up $0.11 during trading hours on Friday, reaching $6.58. 2,360,256 shares of the company were exchanged, compared to its average volume of 872,919. The firm has a market cap of $766.64 million, a price-to-earnings ratio of 14.30, a PEG ratio of 1.04 and a beta of 1.05. 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 50-day moving average of $7.76 and a 200 day moving average of $7.38. Ecovyst has a 12 month low of $6.02 and a 12 month high of $11.35.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. PharVision Advisers LLC acquired a new position in shares of Ecovyst during the fourth quarter worth approximately $444,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Ecovyst by 27.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 248,731 shares of the company's stock valued at $1,900,000 after purchasing an additional 52,943 shares in the last quarter. Western Standard LLC raised its stake in shares of Ecovyst by 79.3% in the fourth quarter. Western Standard LLC now owns 1,251,626 shares of the company's stock valued at $9,562,000 after purchasing an additional 553,590 shares in the last quarter. Shay Capital LLC acquired a new position in shares of Ecovyst in the fourth quarter valued at $777,000. Finally, Shapiro Capital Management LLC raised its stake in shares of Ecovyst by 21.9% in the fourth quarter. Shapiro Capital Management LLC now owns 4,830,268 shares of the company's stock valued at $36,903,000 after purchasing an additional 868,397 shares in the last quarter. 86.69% of the stock is currently owned by institutional investors and hedge funds.

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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.