Ecovyst (NYSE:ECVT) Cut to Hold at Wall Street Zen

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

ECVT has been the subject of a number of other research reports. BWS Financial reiterated a “buy” rating and set a $12.00 target price on shares of Ecovyst in a report on Monday, August 11th. Weiss Ratings reiterated a “sell (d)” rating on shares of Ecovyst in a report on Wednesday, October 8th. Finally, BMO Capital Markets increased their target price on Ecovyst from $10.00 to $14.00 and gave the stock an “outperform” rating in a report on Friday, September 12th. Three investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Ecovyst presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.67.

Ecovyst Stock Performance

Shares of Ecovyst stock opened at $8.16 on Friday. The company has a market capitalization of $933.10 million, a PE ratio of -67.96, a PEG ratio of 3.65 and a beta of 1.20. Ecovyst has a 12 month low of $5.24 and a 12 month high of $9.69. The company has a current ratio of 2.25, a quick ratio of 1.69 and a debt-to-equity ratio of 1.22. The stock’s fifty day simple moving average is $8.81 and its 200 day simple moving average is $7.99.

Ecovyst (NYSE:ECVT) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.12 EPS for the quarter, hitting the consensus estimate of $0.12. The business had revenue of $200.10 million for the quarter, compared to the consensus estimate of $204.27 million. Ecovyst had a positive return on equity of 7.69% and a negative net margin of 1.91%.The firm’s revenue was up 9.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.12 EPS. Ecovyst has set its FY 2025 guidance at 0.520-0.680 EPS. On average, research analysts predict that Ecovyst will post 0.44 EPS for the current year.

Institutional Trading of Ecovyst

A number of hedge funds and other institutional investors have recently modified their holdings of ECVT. Rubric Capital Management LP acquired a new stake in shares of Ecovyst in the second quarter valued at about $38,741,000. Boston Partners increased its position in shares of Ecovyst by 321.1% in the second quarter. Boston Partners now owns 3,242,285 shares of the company’s stock valued at $26,785,000 after acquiring an additional 2,472,377 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Ecovyst by 221.3% in the second quarter. Ameriprise Financial Inc. now owns 1,590,044 shares of the company’s stock valued at $13,086,000 after acquiring an additional 1,095,228 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Ecovyst in the first quarter valued at about $5,448,000. Finally, Voss Capital LP increased its position in shares of Ecovyst by 130.7% in the first quarter. Voss Capital LP now owns 1,198,981 shares of the company’s stock valued at $7,434,000 after acquiring an additional 679,299 shares during the last quarter. Institutional investors and hedge funds own 86.69% of the company’s stock.

Ecovyst Company Profile

Ecovyst Inc offers specialty catalysts and services in the United States and internationally. The company operates in two segments, Ecoservices and Advanced Materials & Catalysts. The Ecoservices segment provides sulfuric acid recycling services and end-to-end logistics for production of alkylate for refineries; and virgin sulfuric acid for mining, water treatment, and industrial applications.