Ecovyst (NYSE:ECVT) Upgraded by Wall Street Zen to “Buy” Rating

Ecovyst (NYSE:ECVT) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Separately, BWS Financial reiterated a “buy” rating and issued a $12.00 price target on shares of Ecovyst in a research note on Monday, August 11th.

Ecovyst Trading Up 0.7%

Shares of ECVT stock opened at $8.80 on Friday. The company has a current ratio of 2.25, a quick ratio of 2.24 and a debt-to-equity ratio of 1.22. The stock has a market cap of $1.01 billion, a P/E ratio of -73.33, a price-to-earnings-growth ratio of 0.75 and a beta of 1.18. The stock has a 50 day simple moving average of $8.47 and a 200 day simple moving average of $7.47. Ecovyst has a 1 year low of $5.24 and a 1 year high of $9.07.

Ecovyst (NYSE:ECVT) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.12. The business had revenue of $200.10 million during the quarter, compared to analysts’ expectations of $204.27 million. Ecovyst had a positive return on equity of 7.69% and a negative net margin of 1.91%. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.12 earnings per share. On average, research analysts predict that Ecovyst will post 0.44 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ecovyst

Several institutional investors and hedge funds have recently added to or reduced their stakes in ECVT. Versant Capital Management Inc lifted its stake in Ecovyst by 200.7% during the first quarter. Versant Capital Management Inc now owns 5,227 shares of the company’s stock worth $32,000 after purchasing an additional 3,489 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Ecovyst by 11,312.2% in the 1st quarter. GAMMA Investing LLC now owns 5,592 shares of the company’s stock valued at $35,000 after acquiring an additional 5,543 shares during the last quarter. CWM LLC lifted its stake in shares of Ecovyst by 63.0% in the 2nd quarter. CWM LLC now owns 5,946 shares of the company’s stock valued at $49,000 after acquiring an additional 2,298 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of Ecovyst by 1,769.9% in the 2nd quarter. Parkside Financial Bank & Trust now owns 6,152 shares of the company’s stock valued at $51,000 after acquiring an additional 5,823 shares during the last quarter. Finally, AlphaQuest LLC lifted its stake in shares of Ecovyst by 60.1% in the 1st quarter. AlphaQuest LLC now owns 9,042 shares of the company’s stock valued at $56,000 after acquiring an additional 3,396 shares during the last quarter. 86.69% of the stock is currently owned by institutional investors.

Ecovyst Company Profile

Ecovyst Inc offers specialty catalysts and services in the United States and internationally. The company operates in two segments, Ecoservices and Advanced Materials & Catalysts. The Ecoservices segment provides sulfuric acid recycling services and end-to-end logistics for production of alkylate for refineries; and virgin sulfuric acid for mining, water treatment, and industrial applications.