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

Ecovyst (NYSE:ECVT)‘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.

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

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.