Ecovyst (NYSE:ECVT) Price Target Raised to $9.00 at Citigroup

Ecovyst (NYSE:ECVT) had its price target lifted by Citigroup from $8.00 to $9.00 in a report issued on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

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

Ecovyst Stock Performance

Shares of ECVT opened at $7.52 on Wednesday. Ecovyst has a one year low of $6.02 and a one year high of $11.35. The company has a 50-day simple moving average of $7.51 and a two-hundred day simple moving average of $7.72. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.54 and a quick ratio of 2.06. The firm has a market capitalization of $876.16 million, a PE ratio of 16.35, a price-to-earnings-growth ratio of 1.67 and a beta of 1.06.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Innealta Capital LLC purchased a new stake in shares of Ecovyst in the second quarter worth $35,000. CWM LLC boosted its stake in Ecovyst by 6,920.7% in the 2nd quarter. CWM LLC now owns 4,072 shares of the company’s stock worth $37,000 after purchasing an additional 4,014 shares in the last quarter. 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 valued at $41,000 after purchasing an additional 1,721 shares during the last quarter. Capstone Investment Advisors LLC bought a new stake in Ecovyst during the 3rd quarter valued at about $86,000. Finally, SG Americas Securities LLC purchased a new position in Ecovyst in the second quarter worth about $95,000. Hedge funds and other institutional investors own 86.69% of the company’s stock.

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.