Ecovyst (NYSE:ECVT - Get Free Report) had its target price raised by research analysts at Citigroup from $8.00 to $9.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Citigroup's target price indicates a potential upside of 22.95% from the company's current price.
Several other brokerages have also weighed in on ECVT. BMO Capital Markets upped their price objective on Ecovyst from $9.00 to $10.00 and gave the company an "outperform" rating in a report on Tuesday, December 3rd. BWS Financial reissued a "buy" rating and issued a $12.00 price target on shares of Ecovyst in a report on Wednesday, December 4th.
View Our Latest Analysis on ECVT
Ecovyst Stock Performance
Shares of ECVT traded down $0.20 during mid-day trading on Wednesday, reaching $7.32. 1,057,598 shares of the company's stock traded hands, compared to its average volume of 875,186. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.06 and a current ratio of 2.54. The business's 50-day moving average price is $7.48 and its 200-day moving average price is $7.73. The stock has a market capitalization of $852.85 million, a P/E ratio of 15.91, a price-to-earnings-growth ratio of 1.67 and a beta of 1.06. Ecovyst has a 12 month low of $6.02 and a 12 month high of $11.35.
Hedge Funds Weigh In On Ecovyst
Hedge funds have recently modified their holdings of the stock. Innealta Capital LLC acquired a new position in shares of 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 worth $37,000 after buying an additional 4,014 shares during the period. Quarry LP increased its position in shares of Ecovyst by 61.2% in 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 in the last quarter. Capstone Investment Advisors LLC acquired a new stake in shares of Ecovyst during the third quarter valued at approximately $86,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Ecovyst in the 2nd quarter valued at approximately $95,000. 86.69% of the stock is currently owned by institutional investors and hedge funds.
Ecovyst Company Profile
(
Get Free Report)
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.
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