BWS Financial Reiterates Buy Rating for Ecovyst (NYSE:ECVT)

Ecovyst (NYSE:ECVT)‘s stock had its “buy” rating reissued by equities research analysts at BWS Financial in a note issued to investors on Friday,Benzinga reports. They presently have a $12.00 target price on the stock. BWS Financial’s price objective suggests a potential upside of 76.60% from the company’s previous close.

ECVT has been the topic of several other reports. BMO Capital Markets increased their price objective on shares of Ecovyst from $9.00 to $10.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Citigroup increased their price objective on shares of Ecovyst from $8.00 to $9.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th.

Ecovyst Price Performance

Shares of ECVT opened at $6.80 on Friday. The firm has a market capitalization of $791.69 million, a PE ratio of 14.77, a PEG ratio of 1.04 and a beta of 1.05. The company’s 50-day moving average is $7.80 and its 200-day moving average is $7.38. Ecovyst has a fifty-two week low of $6.02 and a fifty-two week high of $11.35. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.54 and a quick ratio of 2.06.

Institutional Investors Weigh In On Ecovyst

A number of hedge funds have recently made changes to their positions in ECVT. Spire Wealth Management boosted its stake in shares of Ecovyst by 72.9% in the 4th quarter. Spire Wealth Management now owns 4,496 shares of the company’s stock valued at $34,000 after purchasing an additional 1,896 shares in the last quarter. Deerfield Management Company L.P. Series C acquired a new stake in Ecovyst during the 4th quarter worth approximately $79,000. Bridgefront Capital LLC bought a new stake in Ecovyst during the 4th quarter worth approximately $81,000. Cibc World Markets Corp bought a new stake in Ecovyst during the 4th quarter worth approximately $83,000. Finally, Capstone Investment Advisors LLC bought a new stake in Ecovyst during the 3rd quarter worth approximately $86,000. 86.69% of the stock is currently owned by institutional investors and hedge funds.

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.