BWS Financial analyst Hamed Khorsand maintained a Buy rating on Ecovyst (ECVT – Research Report) today and set a price target of $18.00. The company’s shares opened today at $10.23.
Khorsand covers the Technology sector, focusing on stocks such as Netgear, A10 Networks, and IMPINJ. According to TipRanks, Khorsand has an average return of 8.8% and a 51.16% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Ecovyst with a $13.80 average price target, implying a 34.90% upside from current levels. In a report released on September 11, Citi also initiated coverage with a Buy rating on the stock with a $12.00 price target.
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ECVT market cap is currently $1.19B and has a P/E ratio of 18.90.
Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ECVT in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Ecovyst (ECVT) Company Description:
PQ Group Holdings, Inc. engages in the manufacture and provision of specialty catalysts, materials, chemicals, and services that enable environmental improvements, enhance consumer products, and increase personal safety. It operates through the Refining Services, Catalysts, Performance Materials, and Performance Chemicals. The Refining Services segment offers sulfuric acid recycling to the North American refining industry. The Catalysts segment serves the packaging and engineered plastics and the refining, petrochemical, and emissions control industries. The Performance Materials segment produces transportation reflective safety markings for roads and airports. The Performance Chemicals segment supplies diverse product end uses, including personal and industrial cleaning products, fuel-efficient tires, surface coatings, and food and beverage products. The company was founded on August 07, 2015 and is headquartered in Malvern, PA.
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