Ecovyst (NYSE:ECVT) PT Lowered to $10.00

Ecovyst (NYSE:ECVT) had its target price cut by KeyCorp from $13.00 to $10.00 in a research note released on Monday morning, Benzinga reports. They currently have an overweight rating on the stock.

A number of other analysts also recently issued reports on ECVT. BWS Financial cut their price objective on Ecovyst from $18.00 to $12.00 and set a buy rating for the company in a research report on Monday. Citigroup reduced 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.

Ecovyst Price Performance

Shares of ECVT stock opened at $6.69 on Monday. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.50 and a quick ratio of 2.01. The company has a market capitalization of $782.18 million, a PE ratio of 10.61, a price-to-earnings-growth ratio of 0.47 and a beta of 1.05. The firm’s 50-day moving average is $8.90 and its two-hundred day moving average is $9.45. Ecovyst has a 12 month low of $6.02 and a 12 month high of $11.35.

Ecovyst (NYSE:ECVT) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.01). The firm had revenue of $182.80 million for the quarter, compared to analysts’ expectations of $189.79 million. Ecovyst had a net margin of 8.14% and a return on equity of 7.93%. The firm’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.26 EPS. Analysts predict that Ecovyst will post 0.74 earnings per share for the current year.

Insider Activity at Ecovyst

In other news, insider Paul Whittleston bought 7,800 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was bought at an average cost of $6.50 per share, for a total transaction of $50,700.00. Following the acquisition, the insider now directly owns 57,542 shares of the company’s stock, valued at approximately $374,023. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Joseph S. Koscinski acquired 4,807 shares of Ecovyst stock in a transaction dated Monday, August 5th. The shares were acquired at an average cost of $6.26 per share, for a total transaction of $30,091.82. Following the completion of the purchase, the insider now owns 544,609 shares in the company, valued at $3,409,252.34. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Paul Whittleston bought 7,800 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The stock was bought at an average price of $6.50 per share, with a total value of $50,700.00. Following the completion of the acquisition, the insider now owns 57,542 shares of the company’s stock, valued at approximately $374,023. The disclosure for this purchase can be found here. Company insiders own 1.59% of the company’s stock.

Institutional Investors Weigh In On Ecovyst

Hedge funds have recently bought and sold shares of the stock. Innealta Capital LLC purchased a new stake in shares of Ecovyst during the second quarter worth approximately $35,000. CWM LLC increased 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 valued at $37,000 after purchasing an additional 4,014 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of Ecovyst in the 4th quarter valued at $78,000. SG Americas Securities LLC purchased a new stake in shares of Ecovyst during the 2nd quarter worth $95,000. Finally, Paloma Partners Management Co acquired a new position in shares of Ecovyst during the first quarter worth $114,000. 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.