Ecovyst (NYSE:ECVT) Upgraded to “Strong-Buy” at Wall Street Zen

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

A number of other research firms have also weighed in on ECVT. Citigroup upped their price objective on shares of Ecovyst from $12.00 to $13.00 and gave the stock a “neutral” rating in a research note on Monday, March 2nd. Weiss Ratings reissued a “sell (d)” rating on shares of Ecovyst in a research report on Wednesday, January 21st. KeyCorp boosted their price target on shares of Ecovyst from $11.00 to $14.00 and gave the company an “overweight” rating in a report on Friday, February 27th. BWS Financial upped their price target on shares of Ecovyst from $12.00 to $16.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective 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 research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $13.60.

Ecovyst Trading Down 1.8%

ECVT opened at $11.03 on Tuesday. The stock’s fifty day moving average is $10.97 and its two-hundred day moving average is $9.58. The company has a market capitalization of $1.22 billion, a P/E ratio of -17.79, a PEG ratio of 1.58 and a beta of 1.17. Ecovyst has a 52 week low of $5.24 and a 52 week high of $12.33. The company has a quick ratio of 2.42, a current ratio of 2.64 and a debt-to-equity ratio of 0.65.

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

Institutional Trading of Ecovyst

A number of institutional investors have recently modified their holdings of ECVT. Allianz Asset Management GmbH lifted its position in Ecovyst by 242.5% during the third quarter. Allianz Asset Management GmbH now owns 319,726 shares of the company’s stock valued at $2,801,000 after acquiring an additional 226,386 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in Ecovyst in the second quarter worth $465,000. Squarepoint Ops LLC purchased a new position in Ecovyst in the second quarter worth $1,239,000. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Ecovyst during the second quarter worth $3,704,000. Finally, Ballast Asset Management LP grew its stake in Ecovyst by 14.4% during the 2nd quarter. Ballast Asset Management LP now owns 555,373 shares of the company’s stock worth $4,571,000 after buying an additional 69,786 shares during the last quarter. 86.69% of the stock is currently owned by institutional investors.

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.