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

Ecovyst (NYSE:ECVT) had its target price dropped by BMO Capital Markets from $11.00 to $9.00 in a report released on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective would suggest a potential upside of 36.78% from the stock’s current price.

A number of other analysts have also recently issued reports on the stock. Citigroup raised their target price on shares of Ecovyst from $8.00 to $9.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. BWS Financial restated a “buy” rating and set a $12.00 target price on shares of Ecovyst in a research note on Friday, February 28th.

Ecovyst Stock Performance

Shares of ECVT opened at $6.58 on Monday. The firm has a 50-day moving average of $7.76 and a 200-day moving average of $7.38. 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 company has a market cap of $766.64 million, a PE ratio of 14.30, a price-to-earnings-growth ratio of 1.04 and a beta of 1.05. Ecovyst has a one year low of $6.02 and a one year high of $11.35.

Institutional Trading of Ecovyst

Several hedge funds and other institutional investors have recently bought and sold shares of ECVT. Spire Wealth Management raised its stake in Ecovyst by 72.9% in the 4th quarter. Spire Wealth Management now owns 4,496 shares of the company’s stock worth $34,000 after purchasing an additional 1,896 shares in the last quarter. Deerfield Management Company L.P. Series C acquired a new stake in Ecovyst in the 4th quarter worth about $79,000. Bridgefront Capital LLC acquired a new stake in Ecovyst in the 4th quarter worth about $81,000. Cibc World Markets Corp acquired a new stake in Ecovyst in the 4th quarter worth about $83,000. Finally, Capstone Investment Advisors LLC acquired a new stake in Ecovyst in the 3rd quarter worth about $86,000. Institutional investors and hedge funds 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.