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 report released on Saturday.

A number of other research firms have also recently weighed in on ECVT. Weiss Ratings restated a “sell (d)” rating on shares of Ecovyst in a research report on Wednesday, January 21st. BWS Financial boosted their target price on shares of Ecovyst from $12.00 to $16.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Citigroup upped their price target on shares of Ecovyst from $13.00 to $15.00 and gave the stock a “neutral” rating in a research report on Monday, April 13th. Finally, KeyCorp raised their price target on shares of Ecovyst from $11.00 to $14.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $14.00.

Ecovyst Stock Down 4.3%

Ecovyst stock opened at $13.79 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.64 and a quick ratio of 2.42. The stock has a market capitalization of $1.51 billion, a PE ratio of -22.24, a price-to-earnings-growth ratio of 2.03 and a beta of 1.04. The business has a 50 day simple moving average of $12.20 and a 200-day simple moving average of $10.32. Ecovyst has a 12 month low of $5.68 and a 12 month high of $14.43.

Ecovyst (NYSE:ECVT) last announced its earnings results on Thursday, February 26th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $199.43 million for the quarter, compared to analyst estimates of $184.85 million. During the same quarter last year, the firm posted $0.28 EPS. The business’s revenue was up 33.9% on a year-over-year basis. Ecovyst has set its FY 2026 guidance at 0.450-0.650 EPS. On average, analysts anticipate that Ecovyst will post 0.44 EPS for the current fiscal year.

Institutional Investors Weigh In On Ecovyst

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rubric Capital Management LP raised its position in shares of 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 buying an additional 5,692,653 shares during the last quarter. Oaktree Capital Management LP purchased a new position in shares of Ecovyst in the third quarter worth about $25,045,000. Brightline Capital Management LLC acquired a new position in Ecovyst during the fourth quarter worth about $19,946,000. Invenomic Capital Management LP acquired a new position in Ecovyst during the third quarter worth about $16,729,000. Finally, Ameriprise Financial Inc. grew its stake in Ecovyst by 221.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,590,044 shares of the company’s stock valued at $13,086,000 after acquiring an additional 1,095,228 shares in the last quarter. Institutional investors and hedge funds 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.