Ecovyst (NYSE:ECVT) Price Target Lowered to $9.00 at BMO Capital Markets

Ecovyst (NYSE:ECVT) had its target price decreased by BMO Capital Markets from $11.00 to $9.00 in a research note published on Monday,Benzinga reports. BMO Capital Markets currently has an outperform rating on the stock.

Other equities research analysts also recently issued reports about the stock. Citigroup lifted their price target on shares of Ecovyst from $8.00 to $9.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. BWS Financial reiterated a “buy” rating and set a $12.00 price target on shares of Ecovyst in a research report on Friday.

Ecovyst Price Performance

Shares of NYSE:ECVT opened at $6.48 on Monday. The company has a quick ratio of 2.06, a current ratio of 2.54 and a debt-to-equity ratio of 1.17. The company has a market cap of $754.98 million, a P/E ratio of 14.09, a PEG ratio of 1.04 and a beta of 1.05. Ecovyst has a 52 week low of $6.02 and a 52 week high of $11.35. The company has a 50-day moving average price of $7.78 and a 200 day moving average price of $7.38.

Institutional Investors Weigh In On Ecovyst

Hedge funds and other institutional investors have recently modified their holdings of the stock. PharVision Advisers LLC purchased a new position in shares of Ecovyst during the 4th quarter worth approximately $444,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Ecovyst by 27.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 248,731 shares of the company’s stock worth $1,900,000 after purchasing an additional 52,943 shares in the last quarter. Western Standard LLC increased its stake in shares of Ecovyst by 79.3% during the 4th quarter. Western Standard LLC now owns 1,251,626 shares of the company’s stock worth $9,562,000 after purchasing an additional 553,590 shares in the last quarter. Shay Capital LLC purchased a new position in shares of Ecovyst during the 4th quarter worth approximately $777,000. Finally, Shapiro Capital Management LLC increased its stake in shares of Ecovyst by 21.9% during the 4th quarter. Shapiro Capital Management LLC now owns 4,830,268 shares of the company’s stock worth $36,903,000 after purchasing an additional 868,397 shares in the last quarter. 86.69% of the stock is currently owned by institutional investors and hedge funds.

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.