Ecovyst (NYSE:ECVT) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of Ecovyst (NYSE:ECVT) from a buy rating to a hold rating in a report issued on Saturday,Wall Street Zen reports.

A number of other analysts have also recently commented on ECVT. Citigroup started coverage on Ecovyst in a research report on Wednesday, June 24th. They issued an “overweight” rating on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $14.00 price target on shares of Ecovyst in a research note on Tuesday, September 1st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ecovyst in a research report on Thursday, August 27th. BWS Financial reaffirmed a “buy” rating and set a $16.00 price objective on shares of Ecovyst in a research report on Thursday, August 6th. Finally, Freedom Capital upgraded Ecovyst to a “strong-buy” rating in a research note on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $14.62.

Ecovyst Trading Down 1.2%

Shares of NYSE ECVT opened at $9.93 on Friday. Ecovyst has a 1 year low of $7.41 and a 1 year high of $15.09. The stock has a market cap of $1.09 billion, a P/E ratio of -18.74, a price-to-earnings-growth ratio of 0.45 and a beta of 1.05. The firm has a 50-day moving average of $10.29 and a 200 day moving average of $12.14. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.70 and a quick ratio of 1.44.

Ecovyst (NYSE:ECVT) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.19 by $0.02. The business had revenue of $249.96 million for the quarter, compared to analyst estimates of $237.54 million. Ecovyst had a negative net margin of 7.05% and a positive return on equity of 13.83%. Ecovyst’s quarterly revenue was up 24.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.12 earnings per share. Ecovyst has set its FY 2026 guidance at 0.580-0.720 EPS. As a group, sell-side analysts expect that Ecovyst will post 0.60 EPS for the current fiscal year.

Insider Activity at Ecovyst

In other news, Director Patti Humble acquired 24,875 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The stock was bought at an average price of $10.05 per share, with a total value of $249,993.75. Following the completion of the acquisition, the director directly owned 33,974 shares of the company’s stock, valued at approximately $341,438.70. The trade was a 273.38% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.84% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ECVT. Farther Finance Advisors LLC grew its position in shares of Ecovyst by 701.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,622 shares of the company’s stock valued at $36,000 after acquiring an additional 3,170 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of Ecovyst in the 2nd quarter worth $65,000. OP Asset Management Ltd bought a new position in Ecovyst in the 1st quarter worth $77,000. State of Wyoming bought a new position in Ecovyst in the 1st quarter worth $80,000. Finally, Summit Securities Group LLC bought a new position in Ecovyst in the 1st quarter worth $154,000. Institutional investors own 86.69% of the company’s stock.

About Ecovyst

Ecovyst Inc (NYSE: ECVT) is a global specialty catalysts and services company serving the chemical, refining, pharmaceutical and industrial markets. Its products and services are designed to support chemical processing, resource recovery and the production of fuels and other materials.

The company operates through two primary business areas. Its Ecoservices business provides sulfuric acid recycling and regeneration, virgin sulfuric acid, and related chemical services used by refineries and industrial customers.