Ecovyst (NYSE:ECVT) Rating Increased to Buy at Wall Street Zen

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

Several other equities research analysts have also recently weighed in on ECVT. KeyCorp decreased their target price on Ecovyst from $12.00 to $11.00 and set an “overweight” rating for the company in a research note on Monday, November 10th. Weiss Ratings reissued a “sell (d)” rating on shares of Ecovyst in a report on Wednesday, October 8th. BMO Capital Markets boosted their price objective on shares of Ecovyst from $10.00 to $14.00 and gave the stock an “outperform” rating in a research report on Friday, September 12th. BWS Financial reaffirmed a “buy” rating and issued a $12.00 target price on shares of Ecovyst in a research report on Monday, November 10th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Ecovyst from $14.00 to $11.00 and set a “buy” rating on the stock in a research note on Friday, November 28th. Five investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, Ecovyst has an average rating of “Moderate Buy” and a consensus price target of $11.40.

Ecovyst Price Performance

Ecovyst stock opened at $9.15 on Friday. The stock has a market cap of $1.04 billion, a P/E ratio of -9.84, a price-to-earnings-growth ratio of 1.47 and a beta of 1.25. The company has a fifty day simple moving average of $8.52 and a 200-day simple moving average of $8.56. Ecovyst has a 12-month low of $5.24 and a 12-month high of $9.69. The company has a current ratio of 2.25, a quick ratio of 2.07 and a debt-to-equity ratio of 1.39.

Ecovyst (NYSE:ECVT) last posted its earnings results on Tuesday, November 4th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.02). The business had revenue of $204.91 million during the quarter, compared to analysts’ expectations of $204.74 million. Ecovyst had a negative net margin of 14.34% and a positive return on equity of 8.93%. Equities analysts expect that Ecovyst will post 0.44 EPS for the current fiscal year.

Institutional Trading of Ecovyst

A number of large investors have recently bought and sold shares of the business. State of Alaska Department of Revenue purchased a new position in Ecovyst during the 3rd quarter worth $48,000. CWM LLC boosted its stake in shares of Ecovyst by 63.0% during the second quarter. CWM LLC now owns 5,946 shares of the company’s stock worth $49,000 after buying an additional 2,298 shares during the period. Parkside Financial Bank & Trust grew its holdings in shares of Ecovyst by 1,769.9% during the second quarter. Parkside Financial Bank & Trust now owns 6,152 shares of the company’s stock worth $51,000 after buying an additional 5,823 shares during the last quarter. AlphaQuest LLC grew its holdings in shares of Ecovyst by 60.1% during the first quarter. AlphaQuest LLC now owns 9,042 shares of the company’s stock worth $56,000 after buying an additional 3,396 shares during the last quarter. Finally, Russell Investments Group Ltd. acquired a new position in Ecovyst in the 3rd quarter valued at about $87,000. Institutional investors and hedge funds own 86.69% of the company’s stock.

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.