Ecovyst (NYSE:ECVT) PT Lowered to $11.50 at Citigroup

Ecovyst (NYSE:ECVTFree Report) had its price objective reduced by Citigroup from $12.00 to $11.50 in a report released on Monday morning, Benzinga reports. They currently have a buy rating on the stock.

Ecovyst Stock Performance

Shares of NYSE ECVT opened at $9.05 on Monday. The company has a current ratio of 2.07, a quick ratio of 1.69 and a debt-to-equity ratio of 1.22. Ecovyst has a 12 month low of $8.26 and a 12 month high of $12.35. The company has a 50 day simple moving average of $9.43 and a two-hundred day simple moving average of $9.58. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 14.83, a PEG ratio of 0.62 and a beta of 1.00.

Ecovyst (NYSE:ECVTGet Free Report) last posted its earnings results on Wednesday, February 28th. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.01). The firm had revenue of $172.80 million for the quarter, compared to analysts’ expectations of $168.31 million. Ecovyst had a net margin of 10.30% and a return on equity of 11.08%. Ecovyst’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same period last year, the firm earned $0.23 earnings per share. As a group, analysts predict that Ecovyst will post 0.86 earnings per share for the current year.

Institutional Investors Weigh In On Ecovyst

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Ecovyst by 11.7% in the 3rd quarter. Vanguard Group Inc. now owns 10,795,380 shares of the company’s stock worth $106,227,000 after acquiring an additional 1,128,473 shares in the last quarter. BlackRock Inc. increased its holdings in Ecovyst by 7.8% in the 1st quarter. BlackRock Inc. now owns 7,380,026 shares of the company’s stock worth $81,549,000 after acquiring an additional 531,919 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its holdings in Ecovyst by 1.0% in the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 6,661,635 shares of the company’s stock worth $65,084,000 after acquiring an additional 66,310 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Ecovyst by 4.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,824,212 shares of the company’s stock worth $56,904,000 after acquiring an additional 266,615 shares in the last quarter. Finally, Shapiro Capital Management LLC increased its holdings in Ecovyst by 6.1% in the 1st quarter. Shapiro Capital Management LLC now owns 5,799,456 shares of the company’s stock worth $67,042,000 after acquiring an additional 335,297 shares in the last quarter. Hedge funds and other institutional investors own 95.21% of the company’s stock.

About Ecovyst

(Get Free Report)

Ecovyst Inc offers specialty catalysts and services in the United States, the Netherlands, the United Kingdom, and internationally. The company operates in two segments, Ecoservices and Catalyst Technologies. 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.

Recommended Stories

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.