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

Wall Street Zen lowered shares of Ecovyst (NYSE:ECVT) from a buy rating to a hold rating in a research note issued to investors on Saturday,Wall Street Zen reports.

Several other research analysts have also commented on ECVT. Weiss Ratings restated a “sell (d-)” rating on shares of Ecovyst in a report on Thursday, August 27th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $14.00 price objective on shares of Ecovyst in a research note on Tuesday, September 1st. Citigroup assumed coverage on shares of Ecovyst in a research note on Wednesday, June 24th. They issued an “overweight” rating on the stock. BWS Financial restated a “buy” rating and set a $16.00 target price on shares of Ecovyst in a report on Thursday, August 6th. Finally, Freedom Capital raised shares of Ecovyst to a “strong-buy” rating in a research report on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $14.50.

Ecovyst Stock Performance

Shares of NYSE:ECVT opened at $10.21 on Friday. The firm has a market capitalization of $1.12 billion, a PE ratio of -19.26, a P/E/G ratio of 0.45 and a beta of 1.07. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.70 and a quick ratio of 1.44. The business has a 50-day moving average of $11.30 and a two-hundred day moving average of $12.37. Ecovyst has a 12 month low of $7.41 and a 12 month high of $15.09.

Ecovyst (NYSE:ECVT) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.02. Ecovyst had a positive return on equity of 13.83% and a negative net margin of 7.05%.The business had revenue of $249.96 million for the quarter, compared to analyst estimates of $237.54 million. During the same period in the previous year, the company posted $0.12 EPS. The company’s revenue was up 24.9% compared to the same quarter last year. Ecovyst has set its FY 2026 guidance at 0.580-0.720 EPS. As a group, research analysts forecast that Ecovyst will post 0.6 earnings per share for the current year.

Hedge Funds Weigh In On Ecovyst

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio purchased a new stake in shares of Ecovyst during the second quarter worth about $65,000. OP Asset Management Ltd purchased a new position in Ecovyst in the first quarter valued at about $77,000. State of Wyoming acquired a new stake in Ecovyst during the 1st quarter valued at approximately $80,000. Russell Investments Group Ltd. acquired a new stake in Ecovyst during the 3rd quarter valued at approximately $87,000. Finally, Landscape Capital Management L.L.C. purchased a new stake in Ecovyst during the 3rd quarter worth approximately $89,000. 86.69% of the stock is owned by hedge funds and other 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.