Ecovyst (NYSE:ECVT) Hits New 12-Month High – What’s Next?

Ecovyst Inc. (NYSE:ECVT) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $12.38 and last traded at $12.2850, with a volume of 1325558 shares traded. The stock had previously closed at $11.98.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on ECVT shares. Wall Street Zen cut Ecovyst from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 21st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Ecovyst in a report on Wednesday, January 21st. BWS Financial upped their target price on Ecovyst from $12.00 to $16.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Deutsche Bank Aktiengesellschaft reduced their target price on Ecovyst from $14.00 to $11.00 and set a “buy” rating on the stock in a report on Friday, November 28th. Finally, Citigroup raised their price target on Ecovyst from $12.00 to $13.00 and gave the stock a “neutral” rating in a research report on Monday, March 2nd. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Ecovyst currently has an average rating of “Moderate Buy” and a consensus price target of $13.60.

Ecovyst Price Performance

The firm has a market capitalization of $1.44 billion, a P/E ratio of -20.97, a PEG ratio of 1.76 and a beta of 1.17. The company has a quick ratio of 2.42, a current ratio of 2.64 and a debt-to-equity ratio of 0.65. The business’s 50 day moving average is $11.33 and its 200-day moving average is $9.79.

Ecovyst (NYSE:ECVT) last issued its earnings results on Thursday, February 26th. The company reported $0.28 earnings per share 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 the consensus estimate of $184.85 million. During the same quarter last year, the business posted $0.28 EPS. The company’s revenue was up 33.9% compared to the same quarter last year. Ecovyst has set its FY 2026 guidance at 0.450-0.650 EPS. As a group, sell-side analysts predict that Ecovyst Inc. will post 0.44 EPS for the current fiscal year.

Institutional Trading of Ecovyst

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Ecovyst by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 11,112,611 shares of the company’s stock worth $108,126,000 after purchasing an additional 191,394 shares in the last quarter. Rubric Capital Management LP boosted its stake in shares of Ecovyst by 1.0% during the fourth quarter. Rubric Capital Management LP now owns 10,500,000 shares of the company’s stock valued at $102,165,000 after purchasing an additional 100,000 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Ecovyst by 2.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,387,278 shares of the company’s stock worth $62,149,000 after purchasing an additional 130,206 shares during the last quarter. Mangrove Partners IM LLC increased its stake in shares of Ecovyst by 20.6% in the third quarter. Mangrove Partners IM LLC now owns 5,474,057 shares of the company’s stock valued at $47,953,000 after buying an additional 935,647 shares during the period. Finally, Oaktree Capital Management LP increased its stake in shares of Ecovyst by 48.8% in the fourth quarter. Oaktree Capital Management LP now owns 4,254,503 shares of the company’s stock valued at $41,396,000 after buying an additional 1,395,481 shares during the period. 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.