BWS Financial Reaffirms “Buy” Rating for Ecovyst (NYSE:ECVT)

Ecovyst (NYSE:ECVTGet Free Report)‘s stock had its “buy” rating reaffirmed by equities research analysts at BWS Financial in a note issued to investors on Wednesday,Benzinga reports. They currently have a $12.00 price target on the stock. BWS Financial’s price objective points to a potential upside of 50.00% from the company’s current price.

Separately, BMO Capital Markets increased their price target on shares of Ecovyst from $9.00 to $10.00 and gave the company an “outperform” rating in a research report on Tuesday.

Get Our Latest Report on ECVT

Ecovyst Price Performance

ECVT opened at $8.00 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 capitalization of $932.08 million, a P/E ratio of 17.39, a PEG ratio of 1.85 and a beta of 1.06. The stock has a 50-day moving average price of $7.28 and a 200-day moving average price of $7.85. Ecovyst has a 12-month low of $6.02 and a 12-month high of $11.35.

Institutional Investors Weigh In On Ecovyst

A number of hedge funds and other institutional investors have recently modified their holdings of ECVT. Quarry LP grew its position in Ecovyst by 61.2% during the 2nd 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 last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Ecovyst by 6.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 52,598 shares of the company’s stock worth $587,000 after purchasing an additional 3,353 shares during the last quarter. Innealta Capital LLC purchased a new position in shares of Ecovyst in the second quarter worth $35,000. CWM LLC raised its holdings in Ecovyst by 6,920.7% during the 2nd quarter. CWM LLC now owns 4,072 shares of the company’s stock valued at $37,000 after buying an additional 4,014 shares during the last quarter. Finally, Arizona State Retirement System boosted its position in Ecovyst by 14.0% during the 2nd quarter. Arizona State Retirement System now owns 32,751 shares of the company’s stock valued at $294,000 after buying an additional 4,031 shares during the period. Institutional investors own 86.69% of the company’s stock.

About Ecovyst

(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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