Wall Street Zen Upgrades Ecovyst (NYSE:ECVT) to “Buy”

Ecovyst (NYSE:ECVT) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Sunday.

Other research analysts also recently issued research reports about the company. Freedom Capital raised Ecovyst to a “strong-buy” rating in a research note on Monday, June 29th. BWS Financial restated a “buy” rating and issued a $16.00 price target on shares of Ecovyst in a research note on Thursday, August 6th. Citigroup began coverage on shares of Ecovyst in a report on Wednesday, June 24th. They set an “overweight” rating on the stock. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Ecovyst in a research report on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and one has issued 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 $13.90.

Ecovyst Trading Down 0.4%

Shares of ECVT opened at $10.35 on Friday. Ecovyst has a 52-week low of $7.41 and a 52-week high of $15.09. The business’s fifty day moving average is $12.04 and its 200-day moving average is $12.47. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.44 and a current ratio of 1.70. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of -19.53, a PEG ratio of 0.45 and a beta of 1.10.

Ecovyst (NYSE:ECVT) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $249.95 million during the quarter, compared to analysts’ expectations of $237.54 million. During the same quarter in the previous year, the firm earned $0.12 EPS. Ecovyst’s revenue was up 24.9% on a year-over-year basis. Ecovyst has set its FY 2026 guidance at 0.580-0.720 EPS. Equities analysts anticipate that Ecovyst will post 0.6 EPS for the current fiscal year.

Hedge Funds Weigh In On Ecovyst

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Ecovyst by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 11,112,611 shares of the company’s stock valued at $108,126,000 after purchasing an additional 191,394 shares in the last quarter. BlackRock Inc. bought a new stake in shares of Ecovyst during the second quarter worth about $132,792,000. Rubric Capital Management LP increased its stake in shares of Ecovyst by 1.0% in the fourth quarter. Rubric Capital Management LP now owns 10,500,000 shares of the company’s stock valued at $102,165,000 after buying an additional 100,000 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Ecovyst by 1.7% in the first quarter. Dimensional Fund Advisors LP now owns 6,498,654 shares of the company’s stock valued at $83,573,000 after buying an additional 111,376 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Ecovyst by 246.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,829,034 shares of the company’s stock valued at $62,101,000 after buying an additional 3,435,942 shares during the last quarter. Institutional investors and hedge funds 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.