BMO Capital Markets Boosts Ecovyst (NYSE:ECVT) Price Target to $10.00

Ecovyst (NYSE:ECVT) had its price target lifted by BMO Capital Markets from $9.00 to $10.00 in a report released on Tuesday,Benzinga reports. BMO Capital Markets currently has an outperform rating on the stock.

Several other analysts also recently weighed in on the stock. BWS Financial reaffirmed a “buy” rating and issued a $12.00 target price on shares of Ecovyst in a report on Friday, November 1st. KeyCorp lowered their target price on shares of Ecovyst from $13.00 to $10.00 and set an “overweight” rating on the stock in a report on Monday, August 5th.

Ecovyst Trading Down 4.3 %

Shares of Ecovyst stock opened at $8.25 on Tuesday. Ecovyst has a 1 year low of $6.02 and a 1 year high of $11.35. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.06 and a current ratio of 2.54. The company has a market capitalization of $961.21 million, a P/E ratio of 17.94, a PEG ratio of 1.93 and a beta of 1.06. The company’s fifty day moving average is $7.22 and its two-hundred day moving average is $7.86.

Institutional Trading of Ecovyst

Several hedge funds and other institutional investors have recently made changes to their positions in ECVT. Innealta Capital LLC purchased a new stake in Ecovyst during the second quarter worth about $35,000. CWM LLC boosted its holdings in Ecovyst by 6,920.7% during the second quarter. CWM LLC now owns 4,072 shares of the company’s stock worth $37,000 after buying an additional 4,014 shares in the last quarter. Quarry LP boosted its holdings in Ecovyst by 61.2% during the second quarter. Quarry LP now owns 4,533 shares of the company’s stock worth $41,000 after buying an additional 1,721 shares in the last quarter. Capstone Investment Advisors LLC purchased a new stake in Ecovyst during the third quarter worth about $86,000. Finally, SG Americas Securities LLC purchased a new stake in Ecovyst during the second quarter worth about $95,000. Hedge funds and other institutional investors own 86.69% of the company’s stock.

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.