Citigroup Issues Positive Forecast for Ecovyst (NYSE:ECVT) Stock Price

Ecovyst (NYSE:ECVT) had its price target lifted by equities research analysts at Citigroup from $12.00 to $13.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price target indicates a potential upside of 14.19% from the stock’s current price.

Several other analysts have also commented on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Ecovyst in a research note on Wednesday, January 21st. KeyCorp increased their price objective on Ecovyst from $11.00 to $14.00 and gave the company an “overweight” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft decreased their target price on Ecovyst from $14.00 to $11.00 and set a “buy” rating on the stock in a report on Friday, November 28th. Wall Street Zen raised Ecovyst from a “hold” rating to a “buy” rating in a report on Monday. Finally, BWS Financial reissued a “buy” rating and issued a $12.00 price target on shares of Ecovyst in a research note on Friday, January 2nd. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $12.80.

Ecovyst Stock Performance

Shares of NYSE ECVT traded up $0.12 during midday trading on Monday, reaching $11.39. 754,113 shares of the company traded hands, compared to its average volume of 1,318,712. The company has a market cap of $1.30 billion, a price-to-earnings ratio of -18.36, a PEG ratio of 1.45 and a beta of 1.17. The stock has a 50-day moving average price of $10.77 and a 200 day moving average price of $9.46. Ecovyst has a 52 week low of $5.24 and a 52 week high of $12.33. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.25 and a quick ratio of 2.07.

Ecovyst (NYSE:ECVT) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.07. The business had revenue of $199.43 million during the quarter, compared to analysts’ expectations of $184.85 million. Ecovyst had a negative net margin of 9.27% and a positive return on equity of 9.17%. The business’s revenue was up 33.9% on a year-over-year basis. During the same period last year, the firm posted $0.28 earnings per share. Ecovyst has set its FY 2026 guidance at 0.450-0.650 EPS. Sell-side analysts anticipate that Ecovyst will post 0.44 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ecovyst

Hedge funds and other institutional investors have recently made changes to their positions in the company. Allianz Asset Management GmbH boosted its holdings in shares of Ecovyst by 242.5% during the 3rd quarter. Allianz Asset Management GmbH now owns 319,726 shares of the company’s stock valued at $2,801,000 after acquiring an additional 226,386 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new position in Ecovyst in the 2nd quarter valued at approximately $465,000. Squarepoint Ops LLC acquired a new stake in Ecovyst during the 2nd quarter worth approximately $1,239,000. Ballast Asset Management LP grew its holdings in Ecovyst by 14.4% during the 2nd quarter. Ballast Asset Management LP now owns 555,373 shares of the company’s stock worth $4,571,000 after acquiring an additional 69,786 shares during the last quarter. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Ecovyst during the 2nd quarter worth approximately $3,704,000. 86.69% of the stock is 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.