Citigroup Has Lowered Expectations for Ecovyst (NYSE:ECVT) Stock Price

Ecovyst (NYSE:ECVT) had its price objective decreased by equities research analysts at Citigroup from $16.00 to $14.50 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Citigroup’s price target would suggest a potential upside of 15.49% from the stock’s previous close.

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

Ecovyst Stock Down 1.8%

Shares of NYSE ECVT traded down $0.23 during trading hours on Wednesday, hitting $12.55. The company had a trading volume of 606,797 shares, compared to its average volume of 1,820,310. Ecovyst has a 1-year low of $7.39 and a 1-year high of $15.09. The company has a quick ratio of 2.13, a current ratio of 2.38 and a debt-to-equity ratio of 0.68. The firm’s 50 day moving average is $13.68 and its 200-day moving average is $11.96. The stock has a market capitalization of $1.37 billion, a P/E ratio of -22.83, a price-to-earnings-growth ratio of 0.60 and a beta of 1.08.

Ecovyst (NYSE:ECVT) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.11 earnings per share for the quarter, topping 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 firm had revenue of $214.95 million for the quarter, compared to the consensus estimate of $191.07 million. During the same quarter in the previous year, the business earned $0.01 earnings per share. The business’s revenue was up 50.2% compared to the same quarter last year. Ecovyst has set its FY 2026 guidance at 0.500-0.650 EPS. On average, analysts expect that Ecovyst will post 0.56 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ecovyst

A number of institutional investors have recently added to or reduced their stakes in the business. Creative Planning increased its position in Ecovyst by 4.8% in the 3rd quarter. Creative Planning now owns 28,622 shares of the company’s stock valued at $251,000 after buying an additional 1,311 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Ecovyst by 4.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 51,292 shares of the company’s stock valued at $449,000 after acquiring an additional 2,124 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Ecovyst by 4.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 69,105 shares of the company’s stock valued at $428,000 after acquiring an additional 2,874 shares during the period. Royal Bank of Canada increased its holdings in shares of Ecovyst by 8.6% during the first quarter. Royal Bank of Canada now owns 45,069 shares of the company’s stock valued at $279,000 after acquiring an additional 3,571 shares in the last quarter. Finally, Deutsche Bank AG raised its position in shares of Ecovyst by 4.6% during the fourth quarter. Deutsche Bank AG now owns 84,462 shares of the company’s stock worth $822,000 after purchasing an additional 3,729 shares during the period. 86.69% of the stock is owned by institutional investors.

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.