Ecovyst (NYSE:ECVT) Stock Price Expected to Rise, Citigroup Analyst Says

Ecovyst (NYSE:ECVT) had its price objective lifted by analysts at Citigroup from $8.00 to $9.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s price target would indicate a potential upside of 22.28% from the stock’s previous close.

A number of other equities analysts also recently weighed in on the company. BWS Financial reissued 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 upped their price objective 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 Trading Down 2.1 %

NYSE:ECVT traded down $0.16 on Wednesday, reaching $7.36. The company’s stock had a trading volume of 105,312 shares, compared to its average volume of 871,112. 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 firm has a market cap of $857.51 million, a PE ratio of 16.00, a PEG ratio of 1.67 and a beta of 1.06. The business’s 50-day moving average price is $7.46 and its two-hundred day moving average price is $7.73.

Institutional Trading of Ecovyst

Institutional investors have recently modified their holdings of the business. Innealta Capital LLC acquired a new position in Ecovyst in the second quarter valued at $35,000. CWM LLC lifted its holdings 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 buying an additional 4,014 shares during the period. Quarry LP lifted its holdings in Ecovyst by 61.2% in the second quarter. Quarry LP now owns 4,533 shares of the company’s stock valued at $41,000 after buying an additional 1,721 shares during the period. SG Americas Securities LLC acquired a new position in Ecovyst in the second quarter valued at $95,000. Finally, Algert Global LLC acquired a new position in Ecovyst in the second quarter valued at $106,000. 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.