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

Ecovyst (NYSE:ECVT) had its price target cut by BMO Capital Markets from $11.00 to $9.00 in a research report sent to investors on Friday, Benzinga reports. They currently have an outperform rating on the stock.

Several other brokerages have also issued reports on ECVT. KeyCorp decreased their price target on shares of Ecovyst from $13.00 to $10.00 and set an “overweight” rating for the company in a report on Monday, August 5th. BWS Financial reissued a “buy” rating and issued a $12.00 target price on shares of Ecovyst in a research note on Friday. Finally, Citigroup decreased their price objective on Ecovyst from $13.00 to $11.00 and set a “buy” rating for the company in a research report on Friday, July 12th.

Ecovyst Trading Up 14.4 %

NYSE:ECVT traded up $0.96 on Friday, hitting $7.62. 3,431,087 shares of the stock were exchanged, compared to its average volume of 875,710. The stock has a market capitalization of $887.50 million, a price-to-earnings ratio of 15.90, a P/E/G ratio of 1.13 and a beta of 1.01. The company has a debt-to-equity ratio of 1.19, a quick ratio of 2.18 and a current ratio of 2.72. Ecovyst has a 52 week low of $6.02 and a 52 week high of $11.35. The company’s 50-day moving average price is $6.65 and its 200 day moving average price is $8.13.

Ecovyst (NYSE:ECVT) last issued its earnings results on Thursday, August 1st. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.01). The company had revenue of $182.80 million for the quarter, compared to the consensus estimate of $189.79 million. Ecovyst had a return on equity of 7.88% and a net margin of 8.14%. Ecovyst’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter last year, the business posted $0.26 EPS. On average, equities research analysts forecast that Ecovyst will post 0.46 earnings per share for the current year.

Insider Transactions at Ecovyst

In other news, insider Paul Whittleston bought 7,800 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The shares were acquired at an average price of $6.50 per share, with a total value of $50,700.00. Following the transaction, the insider now owns 57,542 shares in the company, valued at $374,023. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Ecovyst news, insider Paul Whittleston bought 7,800 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The stock was acquired at an average price of $6.50 per share, with a total value of $50,700.00. Following the completion of the transaction, the insider now owns 57,542 shares in the company, valued at approximately $374,023. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joseph S. Koscinski purchased 4,807 shares of the stock in a transaction on Monday, August 5th. The stock was acquired at an average price of $6.26 per share, for a total transaction of $30,091.82. Following the completion of the purchase, the insider now directly owns 544,609 shares in the company, valued at approximately $3,409,252.34. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 1.59% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Innealta Capital LLC acquired a new stake in shares of Ecovyst in the 2nd quarter valued at approximately $35,000. CWM LLC lifted its stake 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 acquiring an additional 4,014 shares during the last quarter. Quarry LP increased its stake in shares of Ecovyst by 61.2% during the 2nd quarter. Quarry LP now owns 4,533 shares of the company’s stock worth $41,000 after purchasing an additional 1,721 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Ecovyst in the 2nd quarter valued at about $95,000. Finally, Algert Global LLC bought a new position in Ecovyst during the second quarter worth about $106,000. 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.