Ecovyst (NYSE:ECVT) Downgraded by Wall Street Zen to Hold

Wall Street Zen cut shares of Ecovyst (NYSE:ECVT) from a buy rating to a hold rating in a report published on Sunday.

Several other analysts have also recently issued reports on the company. BWS Financial restated a “buy” rating and set a $12.00 price objective on shares of Ecovyst in a research note on Friday, January 2nd. Citigroup boosted their price target on Ecovyst from $10.00 to $12.00 and gave the company a “neutral” rating in a report on Wednesday, January 21st. KeyCorp reduced their price objective on Ecovyst from $12.00 to $11.00 and set an “overweight” rating on the stock in a research note on Monday, November 10th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Ecovyst from $14.00 to $11.00 and set a “buy” rating for the company in a report on Friday, November 28th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Ecovyst in a report on Wednesday, January 21st. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $12.00.

Ecovyst Price Performance

Shares of ECVT stock opened at $11.57 on Friday. The firm has a fifty day moving average of $10.57 and a two-hundred day moving average of $9.36. The firm has a market cap of $1.32 billion, a P/E ratio of -12.44, a P/E/G ratio of 1.49 and a beta of 1.19. Ecovyst has a 1-year low of $5.24 and a 1-year high of $11.85. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.25 and a quick ratio of 2.07.

Institutional Trading of Ecovyst

Large investors have recently modified their holdings of the company. Royal Bank of Canada boosted its stake in Ecovyst by 8.6% during the 1st quarter. Royal Bank of Canada now owns 45,069 shares of the company’s stock valued at $279,000 after purchasing an additional 3,571 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Ecovyst by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 69,105 shares of the company’s stock valued at $428,000 after buying an additional 2,874 shares during the last quarter. Empowered Funds LLC raised its stake in Ecovyst by 7.5% during the 1st quarter. Empowered Funds LLC now owns 344,030 shares of the company’s stock valued at $2,133,000 after acquiring an additional 23,951 shares in the last quarter. Jane Street Group LLC boosted its position in Ecovyst by 954.1% during the 1st quarter. Jane Street Group LLC now owns 141,532 shares of the company’s stock worth $877,000 after acquiring an additional 128,105 shares during the period. Finally, CWM LLC grew its stake in shares of Ecovyst by 63.0% in the second quarter. CWM LLC now owns 5,946 shares of the company’s stock worth $49,000 after purchasing an additional 2,298 shares in the last quarter. Institutional investors and hedge funds own 86.69% of the company’s stock.

Ecovyst Company Profile

Ecovyst Inc is a global specialty chemicals company that develops, manufactures and markets performance-enhancing products for industrial applications. The company’s core offerings include catalysts, phosphorus-based additives and barium carbonate materials, all designed to improve process efficiency, product quality and environmental performance. Ecovyst serves a diverse customer base in the energy, refining, chemical, polymer, food and consumer goods industries.

The company’s Catalysts segment supplies fluid catalytic cracking (FCC) and hydroprocessing catalysts that help petroleum refiners maximize fuel yield, reduce sulfur emissions and meet increasingly stringent environmental standards.