Ecovyst (NYSE:ECVT) Rating Lowered to “Hold” at Wall Street Zen

Ecovyst (NYSE:ECVT) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Sunday.

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

Ecovyst Price Performance

Shares of Ecovyst stock opened at $11.57 on Friday. The firm has a market cap of $1.32 billion, a P/E ratio of -12.44, a price-to-earnings-growth ratio of 1.49 and a beta of 1.20. The firm’s 50-day simple moving average is $10.57 and its 200-day simple moving average is $9.36. Ecovyst has a twelve month low of $5.24 and a twelve month high of $11.85. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.07 and a current ratio of 2.25.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue bought a new position in Ecovyst in the 3rd quarter valued at $48,000. CWM LLC increased its position in Ecovyst by 63.0% in the second quarter. CWM LLC now owns 5,946 shares of the company’s stock worth $49,000 after purchasing an additional 2,298 shares during the period. Parkside Financial Bank & Trust increased its position in Ecovyst by 1,769.9% in the second quarter. Parkside Financial Bank & Trust now owns 6,152 shares of the company’s stock worth $51,000 after purchasing an additional 5,823 shares during the period. Russell Investments Group Ltd. bought a new stake in Ecovyst during the 3rd quarter worth about $87,000. Finally, Landscape Capital Management L.L.C. acquired a new position in Ecovyst during the 3rd quarter valued at about $89,000. 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.