Ecovyst (NYSE:ECVT) Price Target Cut to $11.00 by Analysts at Citigroup

Ecovyst (NYSE:ECVT) had its price objective decreased by equities research analysts at Citigroup from $13.00 to $11.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price objective would indicate a potential upside of 18.28% from the stock’s current price.

Separately, BWS Financial reaffirmed a “buy” rating and set a $18.00 target price on shares of Ecovyst in a report on Friday, May 3rd.

Ecovyst Trading Down 0.1 %

Shares of NYSE ECVT traded down $0.01 during midday trading on Friday, hitting $9.30. The stock had a trading volume of 217,185 shares, compared to its average volume of 747,508. The firm has a market cap of $1.09 billion, a P/E ratio of 14.76, a price-to-earnings-growth ratio of 0.52 and a beta of 1.05. Ecovyst has a fifty-two week low of $8.26 and a fifty-two week high of $12.35. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.50 and a quick ratio of 2.01. The company’s 50-day simple moving average is $9.26 and its 200 day simple moving average is $9.55.

Ecovyst (NYSE:ECVT) last issued its earnings results on Thursday, May 2nd. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.03). The business had revenue of $160.50 million during the quarter, compared to the consensus estimate of $171.56 million. Ecovyst had a net margin of 10.70% and a return on equity of 10.83%. Research analysts anticipate that Ecovyst will post 0.74 EPS for the current year.

Institutional Trading of Ecovyst

Large investors have recently made changes to their positions in the company. CWM LLC grew its stake in Ecovyst by 6,920.7% in the second quarter. CWM LLC now owns 4,072 shares of the company’s stock valued at $37,000 after acquiring an additional 4,014 shares during the period. Quest Partners LLC bought a new stake in Ecovyst during the 4th quarter worth approximately $78,000. Paloma Partners Management Co bought a new stake in Ecovyst during the 1st quarter worth approximately $114,000. SG Americas Securities LLC acquired a new stake in Ecovyst during the 4th quarter worth approximately $150,000. Finally, Bailard Inc. bought a new position in Ecovyst in the fourth quarter valued at approximately $184,000. 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.