Ecovyst (NYSE:ECVT) Rating Increased to Strong-Buy at Freedom Capital

Freedom Capital upgraded shares of Ecovyst (NYSE:ECVT) to a strong-buy rating in a report published on Monday morning,Zacks.com reports.

Other equities analysts have also recently issued reports about the company. Citigroup initiated coverage on Ecovyst in a research note on Wednesday, June 24th. They set an “overweight” rating on the stock. 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 reissued a “sell (d-)” rating on shares of Ecovyst in a report on Monday, June 1st. Finally, BWS Financial raised their price target on shares of Ecovyst from $12.00 to $16.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $13.90.

Ecovyst Stock Up 1.3%

NYSE:ECVT opened at $12.46 on Monday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.13 and a current ratio of 2.38. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of -22.65, a price-to-earnings-growth ratio of 0.57 and a beta of 1.08. Ecovyst has a one year low of $7.39 and a one year high of $15.09. The stock has a 50-day simple moving average of $13.49 and a 200 day simple moving average of $12.09.

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

Institutional Trading of Ecovyst

Institutional investors have recently made changes to their positions in the stock. Rubric Capital Management LP boosted its stake in shares of Ecovyst by 120.9% during the 3rd quarter. Rubric Capital Management LP now owns 10,400,000 shares of the company’s stock valued at $91,104,000 after buying an additional 5,692,653 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in shares of Ecovyst by 246.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 4,829,034 shares of the company’s stock worth $62,101,000 after acquiring an additional 3,435,942 shares during the last quarter. Oaktree Capital Management LP purchased a new stake in shares of Ecovyst during the third quarter worth $25,045,000. Brightline Capital Management LLC purchased a new stake in shares of Ecovyst during the fourth quarter worth $19,946,000. Finally, Invenomic Capital Management LP acquired a new stake in Ecovyst during the third quarter valued at $16,729,000. 86.69% of the stock is currently 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.