Ecovyst (NYSE:ECVT) Downgraded to "Hold" Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded Ecovyst from “strong buy” to “hold,” though broader analyst sentiment remains “Moderate Buy” with an average price target of $13.90.
• Ecovyst exceeded quarterly expectations, reporting $0.21 EPS versus $0.19 expected and revenue of $249.95 million versus $237.54 million; revenue increased 24.9% year over year.
• The stock opened at $10.34, below its 50-day and 200-day moving averages, while institutional investors own 86.69% of outstanding shares.

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

ECVT has been the topic of several other reports. BWS Financial reiterated a "buy" rating and issued a $16.00 price target on shares of Ecovyst in a research report on Thursday. Citigroup assumed coverage on shares of Ecovyst in a research report on Wednesday, June 24th. They set an "overweight" rating for the company. Freedom Capital upgraded Ecovyst to a "strong-buy" rating in a research note on Monday, June 29th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Ecovyst in a report on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $13.90.

Ecovyst Price Performance

NYSE ECVT opened at $10.34 on Friday. The company has a 50-day moving average price of $12.38 and a 200-day moving average price of $12.49. Ecovyst has a 52 week low of $7.41 and a 52 week high of $15.09. The company has a quick ratio of 2.13, a current ratio of 2.38 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $1.13 billion, a P/E ratio of -19.50, a PEG ratio of 0.51 and a beta of 1.10.

Ecovyst (NYSE:ECVT - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.02. The company had revenue of $249.95 million for the quarter, compared to the consensus estimate of $237.54 million. Ecovyst had a negative net margin of 7.05% and a positive return on equity of 13.78%. The firm's revenue was up 24.9% compared to the same quarter last year. During the same quarter last 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 anticipate that Ecovyst will post 0.56 earnings per share for the current year.

Hedge Funds Weigh In On Ecovyst

Hedge funds have recently modified their holdings of the company. OP Asset Management Ltd purchased a new position in shares of Ecovyst during the 1st quarter valued at $77,000. State of Wyoming bought a new stake in Ecovyst during the first quarter valued at about $80,000. Russell Investments Group Ltd. bought a new stake in Ecovyst during the third quarter valued at about $87,000. Landscape Capital Management L.L.C. purchased a new position in shares of Ecovyst in the third quarter valued at about $89,000. Finally, PharVision Advisers LLC purchased a new position in shares of Ecovyst in the third quarter valued at about $101,000. 86.69% of the stock is currently 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.

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