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

Ecovyst (NYSE:ECVT) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a note issued to investors on Saturday.

Several other equities analysts have also recently commented on ECVT. 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. Citigroup raised their price target on Ecovyst from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Monday, March 2nd. BWS Financial lifted their price target on Ecovyst from $12.00 to $16.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Weiss Ratings reissued a “sell (d)” rating on shares of Ecovyst in a report on Wednesday, January 21st. Finally, 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 research note on Friday, November 28th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Ecovyst has an average rating of “Moderate Buy” and a consensus price target of $13.60.

Ecovyst Stock Performance

Ecovyst stock opened at $11.63 on Friday. The firm’s 50 day simple moving average is $11.22 and its 200 day simple moving average is $9.71. The company has a current ratio of 2.64, a quick ratio of 2.42 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $1.29 billion, a PE ratio of -18.75, a price-to-earnings-growth ratio of 1.65 and a beta of 1.17. Ecovyst has a 1-year low of $5.24 and a 1-year high of $12.38.

Ecovyst (NYSE:ECVT) last announced its quarterly earnings results on Thursday, February 26th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.21 by $0.07. The firm had revenue of $199.43 million during the quarter, compared to the consensus estimate of $184.85 million. Ecovyst had a negative net margin of 9.27% and a positive return on equity of 9.39%. The business’s quarterly revenue was up 33.9% compared to the same quarter last year. During the same period last year, the firm earned $0.28 EPS. Ecovyst has set its FY 2026 guidance at 0.450-0.650 EPS. As a group, analysts expect that Ecovyst will post 0.44 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ecovyst

Hedge funds and other institutional investors have recently made changes to their positions in the business. Creative Planning raised its stake in Ecovyst by 4.8% in the third quarter. Creative Planning now owns 28,622 shares of the company’s stock worth $251,000 after buying an additional 1,311 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Ecovyst by 4.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 51,292 shares of the company’s stock valued at $449,000 after acquiring an additional 2,124 shares in the last quarter. Arizona State Retirement System grew its holdings in shares of Ecovyst by 6.7% during the 3rd quarter. Arizona State Retirement System now owns 34,740 shares of the company’s stock worth $304,000 after acquiring an additional 2,195 shares during the period. CWM LLC raised its position in shares of Ecovyst by 45.9% in the 3rd quarter. CWM LLC now owns 8,678 shares of the company’s stock worth $76,000 after acquiring an additional 2,732 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Ecovyst by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 69,105 shares of the company’s stock worth $428,000 after acquiring an additional 2,874 shares in the last quarter. Institutional investors own 86.69% of the company’s stock.

Ecovyst Company Profile

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.