Ecovyst (NYSE:ECVT) Upgraded at Wall Street Zen

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

Several other brokerages also recently issued reports on ECVT. BWS Financial reissued a “buy” rating and set a $16.00 price objective on shares of Ecovyst in a research report on Thursday, August 6th. Citigroup started coverage on shares of Ecovyst in a research note on Wednesday, June 24th. They issued an “overweight” rating on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ecovyst in a report on Monday, June 1st. Finally, Freedom Capital upgraded shares of Ecovyst to a “strong-buy” rating in a research note on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $13.90.

Ecovyst Price Performance

Shares of NYSE ECVT opened at $10.31 on Friday. The stock has a market cap of $1.13 billion, a P/E ratio of -19.45, a P/E/G ratio of 0.45 and a beta of 1.10. Ecovyst has a twelve month low of $7.41 and a twelve month high of $15.09. The stock has a 50 day moving average of $11.99 and a two-hundred day moving average of $12.46. The company has a current ratio of 1.70, a quick ratio of 1.44 and a debt-to-equity ratio of 0.84.

Ecovyst (NYSE:ECVT) last announced its earnings results on Wednesday, August 5th. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. The business had revenue of $249.95 million for the quarter, compared to analyst estimates of $237.54 million. Ecovyst had a negative net margin of 7.05% and a positive return on equity of 13.83%. The company’s revenue for the quarter was up 24.9% compared to the same quarter last year. During the same period last year, the firm posted $0.12 earnings per share. Ecovyst has set its FY 2026 guidance at 0.580-0.720 EPS. On average, research analysts forecast that Ecovyst will post 0.6 earnings per share for the current year.

Institutional Investors Weigh In On Ecovyst

Hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio acquired a new position in Ecovyst in the 2nd quarter valued at $65,000. OP Asset Management Ltd purchased a new position in Ecovyst during the 1st quarter worth $77,000. State of Wyoming acquired a new stake in shares of Ecovyst in the 1st quarter worth $80,000. Russell Investments Group Ltd. acquired a new stake in shares of Ecovyst in the 3rd quarter worth $87,000. Finally, Landscape Capital Management L.L.C. purchased a new stake in shares of Ecovyst in the third quarter valued at about $89,000. 86.69% of the stock is owned by institutional investors and hedge funds.

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.