Jefferies analyst Laurence Alexander has maintained their bullish stance on ECVT stock, giving a Buy rating yesterday.
Laurence Alexander’s Buy rating for Ecovyst’s stock is based on a combination of optimistic growth projections and strategic initiatives outlined during the company’s investor day. Ecovyst aims to solidify its leadership in key markets and capitalize on emerging sustainability trends, such as renewable fuels and advanced plastics recycling. The company has set ambitious financial goals for 2028, including an organic growth target for revenue and adjusted EBITDA, increased growth capital expenditures, improved cash conversion, and a solid return on net assets, while maintaining a moderate net debt leverage. These targets reflect a robust strategic plan poised to drive significant growth and shareholder value over the coming years.
Key growth drivers for Ecovyst’s Ecoservices include an uptick in demand for catalyst activation due to hydroprocessing and renewables, as well as a focus on expanding sulfuric acid production for various industrial applications. In the Advanced Materials & Catalysts segment, Ecovyst is targeting substantial organic adjusted EBITDA growth by leveraging demand in polyethylene and custom catalysts, positioning itself in renewable fuel solutions, and pursuing advanced recycling. The company’s expansion plans and forecasted growth in key markets like immobilized enzymes and renewable diesel production signal a strong potential for outperforming industry growth rates, further justifying the Buy rating.
In another report released yesterday, BWS Financial also maintained a Buy rating on the stock with a $18.00 price target.
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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.
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