Ecovyst (NYSE:ECVT) Hits New 12-Month High – Here’s What Happened

Ecovyst Inc. (NYSE:ECVT)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as $14.96 and last traded at $14.8950, with a volume of 266846 shares traded. The stock had previously closed at $14.68.

Analysts Set New Price Targets

A number of brokerages recently commented on ECVT. KeyCorp lifted their price target on Ecovyst from $11.00 to $14.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. BWS Financial raised their target price on Ecovyst from $12.00 to $16.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Wall Street Zen raised Ecovyst from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 18th. Weiss Ratings reissued a “sell (d)” rating on shares of Ecovyst in a research report on Wednesday, January 21st. Finally, Citigroup raised their target price on Ecovyst from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Ecovyst currently has a consensus rating of “Moderate Buy” and an average price target of $14.20.

Ecovyst Stock Performance

The company has a market capitalization of $1.65 billion, a PE ratio of -27.28, a PEG ratio of 1.93 and a beta of 1.12. 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 company has a 50-day moving average price of $13.05 and a two-hundred day moving average price of $10.98.

Ecovyst (NYSE:ECVT) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.04. The company had revenue of $214.95 million during 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%.The firm’s quarterly revenue was up 50.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.01 earnings per share. Ecovyst has set its FY 2026 guidance at 0.500-0.650 EPS. Analysts predict that Ecovyst Inc. will post 0.51 EPS for the current fiscal year.

Hedge Funds Weigh In On Ecovyst

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ECVT. State of Alaska Department of Revenue purchased a new position in Ecovyst during the third quarter worth about $48,000. CWM LLC grew its position in Ecovyst by 45.9% during the third quarter. CWM LLC now owns 8,678 shares of the company’s stock worth $76,000 after buying an additional 2,732 shares in the last quarter. OP Asset Management Ltd purchased a new position in Ecovyst during the first quarter worth about $77,000. State of Wyoming purchased a new position in Ecovyst during the first quarter worth about $80,000. Finally, Russell Investments Group Ltd. purchased a new position in Ecovyst during the third quarter worth about $87,000. 86.69% of the stock is currently owned by hedge funds and other institutional investors.

About Ecovyst

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.