KeyBanc analyst Aleksey Yefremov reiterated a Buy rating on Ecovyst (ECVT – Research Report) today and set a price target of $13.00. The company’s shares closed last Friday at $9.42.
Yefremov covers the Basic Materials sector, focusing on stocks such as LyondellBasell, Albemarle, and Celanese. According to TipRanks, Yefremov has an average return of 6.2% and a 50.57% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Ecovyst with a $13.30 average price target, representing a 41.19% upside. In a report released on November 3, BMO Capital also maintained a Buy rating on the stock with a $13.00 price target.
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The company has a one-year high of $12.35 and a one-year low of $8.20. Currently, Ecovyst has an average volume of 694.5K.
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.
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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.
Read More on ECVT:
- TipRanks’ ‘Perfect 10’ List: There’s an Opportunity Brewing in These 2 Top-Rated Stocks
- Ecovyst cuts FY23 revenue view to $675M-$705M from $685M-$715M
- Ecovyst reports Q3 adjusted EPS 19c, consensus 21c
- Ecovyst Reports Third Quarter 2023 Results
- Ecovyst to expand silica catalyst production capability at Kansas City facility
