Ecovyst (NYSE:ECVT) Cut to Hold at Wall Street Zen

Wall Street Zen downgraded shares of Ecovyst (NYSE:ECVT) from a buy rating to a hold rating in a report issued on Sunday morning.

ECVT has been the topic of a number of other reports. 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 report on Friday, November 28th. Citigroup boosted their price target on Ecovyst from $10.00 to $12.00 and gave the company a “neutral” rating in a research note on Wednesday, January 21st. BWS Financial reissued a “buy” rating and issued a $12.00 price objective on shares of Ecovyst in a report on Friday, January 2nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Ecovyst in a report on Wednesday, January 21st. Finally, KeyCorp dropped their target price on Ecovyst from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Monday, November 10th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.00.

Ecovyst Stock Performance

Shares of Ecovyst stock opened at $11.58 on Friday. The company has a 50 day moving average price of $10.66 and a 200 day moving average price of $9.41. The firm has a market capitalization of $1.32 billion, a P/E ratio of -12.45, a PEG ratio of 1.47 and a beta of 1.19. The company has a quick ratio of 2.07, a current ratio of 2.25 and a debt-to-equity ratio of 1.39. Ecovyst has a 52 week low of $5.24 and a 52 week high of $11.85.

Institutional Investors Weigh In On Ecovyst

Hedge funds have recently bought and sold shares of the stock. Creative Planning grew its stake in shares of Ecovyst by 4.8% during the 3rd quarter. Creative Planning now owns 28,622 shares of the company’s stock worth $251,000 after purchasing an additional 1,311 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Ecovyst by 4.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 51,292 shares of the company’s stock valued at $449,000 after buying an additional 2,124 shares during the period. Arizona State Retirement System increased its holdings in Ecovyst by 6.7% in the third quarter. Arizona State Retirement System now owns 34,740 shares of the company’s stock valued at $304,000 after buying an additional 2,195 shares in the last quarter. CWM LLC raised its position in shares of Ecovyst by 63.0% in the second quarter. CWM LLC now owns 5,946 shares of the company’s stock worth $49,000 after acquiring an additional 2,298 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Ecovyst by 4.3% in the first 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 during the period. Hedge funds and other 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.