Ecovyst (NYSE:ECVT) Reaches New 52-Week High – Time to Buy?

Ecovyst Inc. (NYSE:ECVT) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $12.38 and last traded at $12.2250, with a volume of 913258 shares trading hands. The stock had previously closed at $11.89.

Wall Street Analyst Weigh In

ECVT has been the subject of a number of research analyst reports. 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. Weiss Ratings restated a “sell (d)” rating on shares of Ecovyst in a research note on Wednesday, January 21st. Wall Street Zen upgraded shares of Ecovyst from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 10th. BWS Financial upped their target price on Ecovyst from $12.00 to $16.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Ecovyst from $14.00 to $11.00 and set a “buy” rating for the company in a 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 issued 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 Trading Up 2.4%

The firm has a market capitalization of $1.35 billion, a P/E ratio of -19.62, a PEG ratio of 1.61 and a beta of 1.17. The company has a quick ratio of 2.42, a current ratio of 2.64 and a debt-to-equity ratio of 0.65. The firm has a 50 day moving average of $11.10 and a 200-day moving average of $9.65.

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

Hedge Funds Weigh In On Ecovyst

Hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada increased its stake in Ecovyst by 8.6% in the first quarter. Royal Bank of Canada now owns 45,069 shares of the company’s stock valued at $279,000 after acquiring an additional 3,571 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Ecovyst by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 69,105 shares of the company’s stock worth $428,000 after purchasing an additional 2,874 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Ecovyst by 7.5% in the 1st quarter. Empowered Funds LLC now owns 344,030 shares of the company’s stock valued at $2,133,000 after purchasing an additional 23,951 shares in the last quarter. Jane Street Group LLC grew its position in Ecovyst by 954.1% in the first quarter. Jane Street Group LLC now owns 141,532 shares of the company’s stock valued at $877,000 after acquiring an additional 128,105 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of Ecovyst by 14.5% in the second quarter. Franklin Resources Inc. now owns 77,183 shares of the company’s stock worth $635,000 after acquiring an additional 9,754 shares during the last quarter. 86.69% of the stock is currently owned by institutional investors and hedge funds.

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.