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

Key Points

• Ecovyst's stock has been downgraded from a "buy" to a "hold" rating by Wall Street Zen, although BWS Financial maintains a "buy" rating with a price target of $12.00.
• The company reported earnings of $0.12 EPS, meeting analysts' expectations, with revenues of $200.10 million for the quarter, reflecting a 9.5% year-over-year increase.
• Institutional investors own approximately 86.69% of Ecovyst's stock, with Versant Capital Management increasing its position by over 200% in the first quarter.

Ecovyst (NYSE:ECVT - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Friday.

Separately, BWS Financial reiterated a "buy" rating and issued a $12.00 price objective on shares of Ecovyst in a research note on Monday, August 11th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $10.00.

Ecovyst Trading Down 0.2%

Shares of Ecovyst stock opened at $9.00 on Friday. The company has a current ratio of 2.25, a quick ratio of 1.69 and a debt-to-equity ratio of 1.22. Ecovyst has a 12-month low of $5.24 and a 12-month high of $9.31. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of -74.96, a PEG ratio of 0.69 and a beta of 1.24. The firm's 50 day simple moving average is $8.72 and its two-hundred day simple moving average is $7.57.

Ecovyst (NYSE:ECVT - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.12. Ecovyst had a negative net margin of 1.91% and a positive return on equity of 7.69%. The business had revenue of $200.10 million for the quarter, compared to analyst estimates of $204.27 million. During the same quarter in the prior year, the business posted $0.12 EPS. Ecovyst's revenue for the quarter was up 9.5% compared to the same quarter last year. Ecovyst has set its FY 2025 guidance at 0.520-0.680 EPS. Analysts predict that Ecovyst will post 0.44 EPS for the current year.

Institutional Trading of Ecovyst

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ECVT. Versant Capital Management Inc grew its position in Ecovyst by 200.7% during the first quarter. Versant Capital Management Inc now owns 5,227 shares of the company's stock valued at $32,000 after buying an additional 3,489 shares during the period. GAMMA Investing LLC grew its position in Ecovyst by 11,312.2% during the first quarter. GAMMA Investing LLC now owns 5,592 shares of the company's stock valued at $35,000 after buying an additional 5,543 shares during the period. CWM LLC grew its position in Ecovyst by 63.0% during the second quarter. CWM LLC now owns 5,946 shares of the company's stock valued at $49,000 after buying an additional 2,298 shares during the period. Parkside Financial Bank & Trust grew its position in Ecovyst by 1,769.9% during the second quarter. Parkside Financial Bank & Trust now owns 6,152 shares of the company's stock valued at $51,000 after buying an additional 5,823 shares during the period. Finally, AlphaQuest LLC grew its position in Ecovyst by 60.1% during the first quarter. AlphaQuest LLC now owns 9,042 shares of the company's stock valued at $56,000 after buying an additional 3,396 shares during the period. Institutional investors and hedge funds own 86.69% of the company's stock.

Ecovyst Company Profile

Ecovyst Inc offers specialty catalysts and services in the United States and internationally. The company operates in two segments, Ecoservices and Advanced Materials & Catalysts. The Ecoservices segment provides sulfuric acid recycling services and end-to-end logistics for production of alkylate for refineries; and virgin sulfuric acid for mining, water treatment, and industrial applications.

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