Ecovyst (NYSE:ECVT) Upgraded by Freedom Capital to Strong-Buy Rating

Ecovyst (NYSE:ECVT) was upgraded by equities research analysts at Freedom Capital to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

Several other research analysts have also recently weighed in on ECVT. Weiss Ratings restated a “sell (d-)” rating on shares of Ecovyst in a research report on Monday, June 1st. Wall Street Zen upgraded shares of Ecovyst from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 18th. BWS Financial boosted their price target 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. Finally, Citigroup initiated coverage on shares of Ecovyst in a report on Wednesday, June 24th. They issued an “overweight” rating on the stock. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $13.90.

Ecovyst Price Performance

NYSE:ECVT opened at $12.46 on Monday. Ecovyst has a 52-week low of $7.39 and a 52-week high of $15.09. The stock has a fifty day moving average of $13.49 and a 200 day moving average of $12.09. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.13 and a current ratio of 2.38. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of -22.65, a P/E/G ratio of 0.57 and a beta of 1.08.

Ecovyst (NYSE:ECVT) last announced its earnings results on Tuesday, May 5th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.04. Ecovyst had a positive return on equity of 11.58% and a negative net margin of 7.71%.The business had revenue of $214.95 million for the quarter, compared to analyst estimates of $191.07 million. During the same period in the prior year, the company earned $0.01 EPS. The company’s quarterly revenue was up 50.2% compared to the same quarter last year. Ecovyst has set its FY 2026 guidance at 0.500-0.650 EPS. On average, research analysts expect that Ecovyst will post 0.56 EPS for the current fiscal year.

Institutional Trading of Ecovyst

Several hedge funds have recently added to or reduced their stakes in ECVT. Kestrel Investment Management Corp bought a new position in shares of Ecovyst in the fourth quarter worth approximately $3,965,000. Clearline Capital LP purchased a new position in shares of Ecovyst in the third quarter worth $1,473,000. Mangrove Partners IM LLC raised its holdings in Ecovyst by 20.6% during the 3rd 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 last quarter. Simcoe Capital Management LLC bought a new stake in Ecovyst during the 3rd quarter valued at $6,725,000. Finally, Vanguard Group Inc. boosted its position in Ecovyst by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 11,112,611 shares of the company’s stock valued at $108,126,000 after buying an additional 191,394 shares during the period. 86.69% of the stock is owned by 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.