BMO Capital Markets Issues Pessimistic Forecast for Ecovyst (NYSE:ECVT) Stock Price

Ecovyst (NYSE:ECVT) had its target price lowered by BMO Capital Markets from $11.00 to $9.00 in a report published on Monday morning,Benzinga reports. BMO Capital Markets currently has an outperform rating on the stock.

Other equities analysts also recently issued research reports about the company. BWS Financial reiterated a “buy” rating and set a $12.00 price target on shares of Ecovyst in a research note on Friday, February 28th. Citigroup lifted their price target on Ecovyst from $8.00 to $9.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th.

Ecovyst Stock Performance

Shares of ECVT opened at $6.84 on Monday. 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 stock has a 50-day moving average of $7.74 and a 200-day moving average of $7.37. The company has a market cap of $796.35 million, a PE ratio of 14.86, a P/E/G 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.

Hedge Funds Weigh In On Ecovyst

Hedge funds have recently modified their holdings of the company. Spire Wealth Management lifted its position in shares of Ecovyst by 72.9% during the 4th quarter. Spire Wealth Management now owns 4,496 shares of the company’s stock worth $34,000 after buying an additional 1,896 shares in the last quarter. Deerfield Management Company L.P. Series C bought a new stake in shares of Ecovyst in the 4th quarter worth approximately $79,000. Bridgefront Capital LLC bought a new stake in shares of Ecovyst in the 4th quarter worth approximately $81,000. Cibc World Markets Corp bought a new stake in shares of Ecovyst in the 4th quarter worth approximately $83,000. Finally, Capstone Investment Advisors LLC bought a new stake in Ecovyst during the 3rd quarter valued at $86,000. 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.