Ecovyst (NYSE:ECVT) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded Ecovyst from “hold” to “buy,” while the broader analyst consensus remains “Moderate Buy” with an average price target of $14.62.
• Ecovyst shares opened at $9.90, down 1.7%, and remain below their 50-day and 200-day moving averages. The stock has traded between $7.41 and $15.09 over the past year.
• The company beat quarterly expectations with earnings of $0.21 per share versus $0.19 expected and revenue of $249.96 million, up 24.9% year over year; institutional investors own 86.69% of its stock.

Ecovyst (NYSE:ECVT - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Sunday, Wall Street Zen reports.

A number of other research analysts have also commented on ECVT. Freedom Capital upgraded shares of Ecovyst to a "strong-buy" rating in a research note on Monday, June 29th. Weiss Ratings restated a "sell (d-)" rating on shares of Ecovyst in a research report on Thursday, August 27th. Citigroup began coverage on Ecovyst in a research note on Wednesday, June 24th. They set an "overweight" rating for the company. BWS Financial reiterated a "buy" rating and set a $16.00 price target on shares of Ecovyst in a research report on Thursday, August 6th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $14.00 price objective on shares of Ecovyst in a research note on Tuesday, September 1st. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $14.62.

Ecovyst Stock Down 1.7%

Shares of Ecovyst stock opened at $9.90 on Friday. Ecovyst has a twelve month low of $7.41 and a twelve month high of $15.09. The company has a current ratio of 1.70, a quick ratio of 1.44 and a debt-to-equity ratio of 0.84. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of -18.68, a price-to-earnings-growth ratio of 0.44 and a beta of 1.07. The company has a fifty day moving average price of $11.15 and a 200 day moving average price of $12.32.

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

Hedge Funds Weigh In On Ecovyst

A number of hedge funds have recently added to or reduced their stakes in ECVT. Public Employees Retirement System of Ohio acquired a new position in shares of Ecovyst during the 2nd quarter valued at about $65,000. OP Asset Management Ltd bought a new stake in shares of Ecovyst in the 1st quarter worth about $77,000. State of Wyoming bought a new stake in Ecovyst during the first quarter worth about $80,000. Russell Investments Group Ltd. bought a new stake in Ecovyst during the 3rd quarter worth approximately $87,000. Finally, Landscape Capital Management L.L.C. bought a new stake in Ecovyst during the 3rd quarter worth approximately $89,000. Institutional investors and hedge funds own 86.69% of the company's stock.

About Ecovyst

Ecovyst Inc NYSE: ECVT is a global provider of specialty catalysts and related services used in refining, petrochemical, chemical, renewable-fuels and industrial applications. The company develops and manufactures zeolite-based catalysts, molecular sieves and other advanced materials that help customers improve chemical processes, product performance and emissions control.

Ecovyst also operates a specialty services business that provides sulfuric acid regeneration, spent-acid management, catalyst recovery and related environmental services.

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