Ecovyst (NYSE:ECVT) Shares Down 6.2% After Analyst Downgrade

Ecovyst Inc. (NYSE:ECVT) fell 6.2% during trading on Thursday after Citigroup lowered their price target on the stock from $16.00 to $14.50. Citigroup currently has a neutral rating on the stock. Ecovyst traded as low as $11.86 and last traded at $11.8490. Approximately 939,824 shares were traded during mid-day trading, a decline of 48% from the average session volume of 1,819,297 shares. The stock had previously closed at $12.63.

A number of other equities analysts have also recently issued reports on ECVT. KeyCorp upped their price target on shares of Ecovyst from $11.00 to $14.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. Wall Street Zen upgraded shares of Ecovyst from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 18th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ecovyst in a research note on Monday, June 1st. Finally, BWS Financial increased their price target on shares of Ecovyst from $12.00 to $16.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $13.90.

Institutional Investors Weigh In On Ecovyst

Several institutional investors and hedge funds have recently added to or reduced their stakes in ECVT. Rubric Capital Management LP boosted its holdings in Ecovyst by 120.9% in the third quarter. Rubric Capital Management LP now owns 10,400,000 shares of the company’s stock worth $91,104,000 after purchasing an additional 5,692,653 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Ecovyst by 246.6% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,829,034 shares of the company’s stock valued at $62,101,000 after buying an additional 3,435,942 shares during the last quarter. Oaktree Capital Management LP bought a new position in shares of Ecovyst during the 3rd quarter valued at $25,045,000. Brightline Capital Management LLC bought a new position in shares of Ecovyst during the 4th quarter valued at $19,946,000. Finally, Invenomic Capital Management LP purchased a new position in shares of Ecovyst in the 3rd quarter worth $16,729,000. Hedge funds and other institutional investors own 86.69% of the company’s stock.

Ecovyst Trading Down 5.6%

The company has a current ratio of 2.38, a quick ratio of 2.13 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $1.31 billion, a PE ratio of -21.49, a P/E/G ratio of 0.59 and a beta of 1.08. The stock has a 50 day moving average price of $13.64 and a 200-day moving average price of $11.99.

Ecovyst (NYSE:ECVT) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.04. Ecovyst had a positive return on equity of 11.58% and a negative net margin of 7.71%.The company had revenue of $214.95 million during the quarter, compared to analysts’ expectations of $191.07 million. During the same quarter in the prior year, the business earned $0.01 earnings per share. Ecovyst’s revenue for the quarter was up 50.2% compared to the same quarter last year. Ecovyst has set its FY 2026 guidance at 0.500-0.650 EPS. Sell-side analysts expect that Ecovyst Inc. will post 0.56 earnings per share for the current year.

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.