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 research note published on Monday.

A number of other equities research analysts have also recently issued reports on ECVT. BWS Financial reiterated a “buy” rating and issued a $12.00 target price on shares of Ecovyst in a research note on Friday, January 2nd. Citigroup lifted their price objective on shares of Ecovyst from $10.00 to $12.00 and gave the company a “neutral” rating in a research report on Wednesday, January 21st. KeyCorp boosted their target price on shares of Ecovyst from $11.00 to $14.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Weiss Ratings restated a “sell (d)” rating on shares of Ecovyst in a research note on Wednesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Ecovyst from $14.00 to $11.00 and set a “buy” rating for the company in a research report on Friday, November 28th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $13.60.

Ecovyst Stock Up 0.3%

ECVT stock opened at $11.50 on Monday. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of -18.55, a PEG ratio of 1.48 and a beta of 1.17. Ecovyst has a 1-year low of $5.24 and a 1-year high of $12.33. The firm has a fifty day moving average price of $10.87 and a two-hundred day moving average price of $9.51. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.64 and a quick ratio of 2.07.

Ecovyst (NYSE:ECVT) last posted its quarterly earnings results on Thursday, February 26th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.07. Ecovyst had a negative net margin of 9.27% and a positive return on equity of 9.39%. The company had revenue of $199.43 million for the quarter, compared to the consensus estimate of $184.85 million. During the same period last year, the firm posted $0.28 EPS. The company’s revenue for the quarter was up 33.9% on a year-over-year basis. Ecovyst has set its FY 2026 guidance at 0.450-0.650 EPS. Research analysts predict that Ecovyst will post 0.44 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Rubric Capital Management LP raised its position in shares of Ecovyst by 120.9% during 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 period. Oaktree Capital Management LP acquired a new position in shares of Ecovyst in the 3rd quarter valued at $25,045,000. Boston Partners increased its stake in Ecovyst by 321.1% in the 2nd quarter. Boston Partners now owns 3,242,285 shares of the company’s stock worth $26,785,000 after purchasing an additional 2,472,377 shares in the last quarter. Brightline Capital Management LLC purchased a new position in Ecovyst in the 4th quarter worth about $19,946,000. Finally, Invenomic Capital Management LP acquired a new stake in Ecovyst during the 3rd quarter worth about $16,729,000. 86.69% of the stock is currently 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.