Ecovyst (NYSE:ECVT) Upgraded at Wall Street Zen

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

Several other research analysts also recently weighed in on ECVT. BWS Financial restated a “buy” rating and set a $12.00 price objective on shares of Ecovyst in a report on Friday, January 2nd. Citigroup boosted their target price on shares of Ecovyst from $10.00 to $12.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 21st. KeyCorp lowered their target price on shares of Ecovyst from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Monday, November 10th. Weiss Ratings reiterated a “sell (d)” rating on shares of Ecovyst in a research note on Wednesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Ecovyst from $14.00 to $11.00 and set a “buy” rating for the company in a report on Friday, November 28th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Ecovyst presently has an average rating of “Moderate Buy” and an average price target of $12.00.

Ecovyst Trading Up 1.4%

NYSE ECVT opened at $11.63 on Friday. The company has a quick ratio of 2.07, a current ratio of 2.25 and a debt-to-equity ratio of 1.39. Ecovyst has a 52 week low of $5.24 and a 52 week high of $11.81. The business has a 50 day moving average price of $10.30 and a 200-day moving average price of $9.24. The company has a market cap of $1.33 billion, a price-to-earnings ratio of -12.50, a P/E/G ratio of 1.47 and a beta of 1.20.

Hedge Funds Weigh In On Ecovyst

Several hedge funds have recently modified their holdings of ECVT. Vanguard Group Inc. grew its holdings in shares of Ecovyst by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 11,112,611 shares of the company’s stock valued at $108,126,000 after acquiring an additional 191,394 shares in the last quarter. Rubric Capital Management LP boosted its position in Ecovyst by 1.0% in the fourth quarter. Rubric Capital Management LP now owns 10,500,000 shares of the company’s stock worth $102,165,000 after purchasing an additional 100,000 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Ecovyst by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,387,278 shares of the company’s stock worth $62,149,000 after purchasing an additional 130,206 shares during the last quarter. Mangrove Partners IM LLC grew its stake in Ecovyst by 20.6% in the 3rd quarter. Mangrove Partners IM LLC now owns 5,474,057 shares of the company’s stock valued at $47,953,000 after purchasing an additional 935,647 shares during the period. Finally, Boston Partners increased its position in shares of Ecovyst by 321.1% during the 2nd quarter. Boston Partners now owns 3,242,285 shares of the company’s stock valued at $26,785,000 after purchasing an additional 2,472,377 shares during the last quarter. Institutional investors own 86.69% of the company’s stock.

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.