Ecovyst (NYSE:ECVT) Price Target Raised to $15.00 at Citigroup

Ecovyst (NYSE:ECVT) had its price objective raised by Citigroup from $13.00 to $15.00 in a research report released on Monday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other equities research analysts have also issued reports on the company. KeyCorp boosted their target price on Ecovyst from $11.00 to $14.00 and gave the stock an “overweight” rating in a research report on Friday, February 27th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Ecovyst in a research report on Wednesday, January 21st. BWS Financial boosted their target price on Ecovyst from $12.00 to $16.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Finally, Wall Street Zen lowered Ecovyst from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 21st. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Ecovyst presently has an average rating of “Moderate Buy” and a consensus price target of $14.00.

Ecovyst Trading Up 3.3%

Shares of Ecovyst stock opened at $14.39 on Monday. 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 market cap of $1.59 billion, a price-to-earnings ratio of -23.22, a price-to-earnings-growth ratio of 1.96 and a beta of 1.04. The business has a fifty day simple moving average of $11.95 and a 200-day simple moving average of $10.18. Ecovyst has a fifty-two week low of $5.68 and a fifty-two week high of $14.42.

Ecovyst (NYSE:ECVT) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.28 earnings per share 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 analyst estimates of $184.85 million. Ecovyst had a positive return on equity of 9.39% and a negative net margin of 9.27%.The company’s revenue was up 33.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.28 earnings per share. Ecovyst has set its FY 2026 guidance at 0.450-0.650 EPS. On average, equities analysts forecast that Ecovyst will post 0.44 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ECVT. Royal Bank of Canada raised its position in Ecovyst by 8.6% during the first quarter. Royal Bank of Canada now owns 45,069 shares of the company’s stock valued at $279,000 after buying an additional 3,571 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position 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 valued at $428,000 after buying an additional 2,874 shares during the period. Empowered Funds LLC raised its position in Ecovyst by 7.5% during the first quarter. Empowered Funds LLC now owns 344,030 shares of the company’s stock valued at $2,133,000 after buying an additional 23,951 shares during the period. Jane Street Group LLC raised its position in Ecovyst by 954.1% during the first quarter. Jane Street Group LLC now owns 141,532 shares of the company’s stock valued at $877,000 after buying an additional 128,105 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Ecovyst during the second quarter valued at $129,000. 86.69% of the stock is 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.