Ecovyst (NYSE:ECVT) Downgraded to Hold Rating by Wall Street Zen

Wall Street Zen lowered shares of Ecovyst (NYSE:ECVT) from a strong-buy rating to a hold rating in a research report released on Saturday.

Several other equities analysts also recently commented on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Ecovyst in a research report on Monday, June 1st. Citigroup initiated coverage on Ecovyst in a research report on Wednesday, June 24th. They issued an “overweight” rating on the stock. Freedom Capital upgraded Ecovyst to a “strong-buy” rating in a research note on Monday, June 29th. Finally, BWS Financial reissued a “buy” rating and set a $16.00 price objective on shares of Ecovyst in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $13.90.

Ecovyst Stock Performance

NYSE ECVT opened at $10.34 on Friday. Ecovyst has a twelve month low of $7.41 and a twelve month 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 stock has a market cap of $1.13 billion, a P/E ratio of -19.50, a PEG ratio of 0.48 and a beta of 1.10. The company’s 50-day simple moving average is $12.38 and its 200 day simple moving average is $12.49.

Ecovyst (NYSE:ECVT) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. The firm had revenue of $249.95 million during the quarter, compared to analysts’ expectations of $237.54 million. Ecovyst had a negative net margin of 7.05% and a positive return on equity of 13.78%. The company’s revenue for the quarter was up 24.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.12 earnings per share. Ecovyst has set its FY 2026 guidance at 0.580-0.720 EPS. As a group, research analysts forecast that Ecovyst will post 0.56 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. OP Asset Management Ltd bought a new position in Ecovyst in the first quarter valued at about $77,000. State of Wyoming acquired a new position in Ecovyst during the 1st quarter valued at about $80,000. Russell Investments Group Ltd. acquired a new position in Ecovyst during the 3rd quarter valued at about $87,000. Landscape Capital Management L.L.C. bought a new position in shares of Ecovyst in the 3rd quarter valued at about $89,000. Finally, PharVision Advisers LLC bought a new position in shares of Ecovyst in the 3rd quarter valued at about $101,000. Institutional investors own 86.69% of the company’s stock.

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.