Ecovyst (NYSE:ECVT) Stock Price Expected to Rise, Citigroup Analyst Says

Ecovyst (NYSE:ECVT) had its target price lifted by analysts at Citigroup from $8.00 to $9.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s target price would suggest a potential upside of 22.28% from the company’s previous close.

A number of other equities research analysts have also weighed in on ECVT. BWS Financial restated a “buy” rating and issued a $12.00 target price on shares of Ecovyst in a report on Wednesday, December 4th. BMO Capital Markets upped their price objective on shares of Ecovyst from $9.00 to $10.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 3rd.

Ecovyst Stock Down 2.1 %

Shares of NYSE ECVT traded down $0.16 during trading on Wednesday, hitting $7.36. 105,312 shares of the company traded hands, compared to its average volume of 871,112. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.06 and a current ratio of 2.54. Ecovyst has a fifty-two week low of $6.02 and a fifty-two week high of $11.35. The firm has a market capitalization of $857.51 million, a price-to-earnings ratio of 16.00, a P/E/G ratio of 1.67 and a beta of 1.06. The business’s fifty day moving average is $7.46 and its 200 day moving average is $7.73.

Institutional Trading of Ecovyst

Several institutional investors and hedge funds have recently bought and sold shares of the company. Hotchkis & Wiley Capital Management LLC raised its position in shares of Ecovyst by 27.3% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 12,852,925 shares of the company’s stock valued at $88,043,000 after buying an additional 2,753,470 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in Ecovyst by 84.6% in the third quarter. Harbor Capital Advisors Inc. now owns 1,756,363 shares of the company’s stock worth $12,031,000 after buying an additional 805,128 shares during the last quarter. Western Standard LLC purchased a new position in Ecovyst in the third quarter worth about $4,782,000. Foundry Partners LLC purchased a new position in Ecovyst in the second quarter worth about $4,401,000. Finally, Thompson Siegel & Walmsley LLC raised its holdings in Ecovyst by 26.7% in the third quarter. Thompson Siegel & Walmsley LLC now owns 2,192,113 shares of the company’s stock worth $15,016,000 after buying an additional 462,317 shares during the last quarter. 86.69% of the stock is currently owned by hedge funds and other institutional investors.

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.