Ecovyst Inc. (NYSE:ECVT) Given Average Rating of “Buy” by Brokerages

Shares of Ecovyst Inc. (NYSE:ECVTGet Rating) have received a consensus rating of “Buy” from the seven brokerages that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $14.55.

Several equities research analysts recently weighed in on the stock. TheStreet raised shares of Ecovyst from a “d+” rating to a “c-” rating in a report on Thursday, April 7th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Ecovyst from $16.00 to $13.00 and set a “buy” rating for the company in a report on Wednesday, March 2nd. BWS Financial started coverage on shares of Ecovyst in a report on Wednesday, March 23rd. They issued a “buy” rating and a $18.00 price objective for the company. Finally, KeyCorp dropped their price target on shares of Ecovyst from $18.00 to $16.00 and set an “overweight” rating on the stock in a research report on Monday, February 28th.

Shares of ECVT opened at $9.43 on Friday. Ecovyst has a 1 year low of $9.12 and a 1 year high of $17.29. The company has a market cap of $1.31 billion, a price-to-earnings ratio of -23.00 and a beta of 0.86. The company has a debt-to-equity ratio of 1.14, a quick ratio of 2.19 and a current ratio of 2.67. The firm has a fifty day moving average of $10.39 and a 200-day moving average of $10.40.

Ecovyst (NYSE:ECVTGet Rating) last announced its quarterly earnings results on Thursday, April 28th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.15. The company had revenue of $179.70 million during the quarter, compared to the consensus estimate of $175.46 million. Ecovyst had a negative net margin of 8.60% and a positive return on equity of 9.78%. The company’s revenue for the quarter was up 41.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.04 earnings per share. Analysts predict that Ecovyst will post 0.51 EPS for the current year.

In other Ecovyst news, insider Michael Feehan bought 5,000 shares of the stock in a transaction on Thursday, May 19th. The shares were bought at an average price of $9.96 per share, with a total value of $49,800.00. Following the purchase, the insider now directly owns 361,034 shares in the company, valued at approximately $3,595,898.64. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Kevin Michael Fogarty bought 40,000 shares of the stock in a transaction on Thursday, May 5th. The shares were acquired at an average cost of $9.85 per share, for a total transaction of $394,000.00. Following the purchase, the director now owns 40,000 shares in the company, valued at $394,000. The disclosure for this purchase can be found here. 3.23% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its stake in Ecovyst by 16.3% during the 1st quarter. Bank of America Corp DE now owns 415,522 shares of the company’s stock valued at $4,804,000 after acquiring an additional 58,334 shares in the last quarter. Neuberger Berman Group LLC grew its stake in Ecovyst by 1.1% during the 1st quarter. Neuberger Berman Group LLC now owns 113,124 shares of the company’s stock valued at $1,308,000 after acquiring an additional 1,235 shares in the last quarter. Western Standard LLC grew its stake in Ecovyst by 115.6% during the 1st quarter. Western Standard LLC now owns 815,446 shares of the company’s stock valued at $8,203,000 after acquiring an additional 437,246 shares in the last quarter. Royal Bank of Canada grew its stake in Ecovyst by 3.7% during the 1st quarter. Royal Bank of Canada now owns 267,215 shares of the company’s stock valued at $3,089,000 after acquiring an additional 9,435 shares in the last quarter. Finally, B. Riley Asset Management LLC bought a new stake in shares of Ecovyst in the 1st quarter valued at approximately $1,848,000. 92.64% of the stock is currently owned by institutional investors.

About Ecovyst (Get Rating)

Ecovyst Inc provides specialty catalysts and services in the United States, the Netherlands, the United Kingdom, and internationally. The company operates through two segments, Ecoservices and Catalyst Technologies. The Ecoservices segment offers sulfuric acid recycling services for production of alkylate for refineries; and virgin sulfuric acid for mining, water treatment, and industrial applications.

See Also

Analyst Recommendations for Ecovyst (NYSE:ECVT)

Want More Great Investing Ideas?

Receive News & Ratings for Ecovyst Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ecovyst and related companies with MarketBeat.com's FREE daily email newsletter.