Ecovyst (NYSE:ECVT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Ecovyst (NYSE:ECVT) from a hold rating to a buy rating in a research note released on Saturday.

ECVT has been the topic of a number of other research reports. KeyCorp dropped their price target on Ecovyst from $12.00 to $11.00 and set an “overweight” rating on the stock in a research note on Monday, November 10th. Citigroup lifted 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. Weiss Ratings restated a “sell (d)” rating on shares of Ecovyst in a report on Wednesday, January 21st. BWS Financial reaffirmed a “buy” rating and issued a $12.00 price objective on shares of Ecovyst in a research note on Friday, January 2nd. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Ecovyst from $14.00 to $11.00 and set a “buy” rating on the stock in a research report on Friday, November 28th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Ecovyst has a consensus rating of “Moderate Buy” and a consensus price target of $12.00.

Ecovyst Stock Performance

Shares of 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. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of -12.50, a PEG ratio of 1.49 and a beta of 1.19. The stock’s fifty day simple moving average is $10.36 and its 200 day simple moving average is $9.27. Ecovyst has a 52-week low of $5.24 and a 52-week high of $11.81.

Institutional Trading of Ecovyst

Several hedge funds and other institutional investors have recently modified their holdings of ECVT. Rubric Capital Management LP grew its stake in Ecovyst by 120.9% in the third quarter. Rubric Capital Management LP now owns 10,400,000 shares of the company’s stock valued at $91,104,000 after purchasing an additional 5,692,653 shares in the last quarter. Oaktree Capital Management LP acquired a new stake in shares of Ecovyst during the 3rd quarter valued at about $25,045,000. Boston Partners grew its stake in shares of Ecovyst by 321.1% in the 2nd quarter. Boston Partners now owns 3,242,285 shares of the company’s stock valued at $26,785,000 after buying an additional 2,472,377 shares in the last quarter. Brightline Capital Management LLC acquired a new position in Ecovyst in the fourth quarter worth approximately $19,946,000. Finally, Invenomic Capital Management LP bought a new position in Ecovyst during the third quarter valued at approximately $16,729,000. 86.69% of the stock is currently owned by hedge funds and other institutional investors.

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.