Ecovyst (NYSE:ECVT) Rating Increased to Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded Ecovyst to “buy” from “hold,” joining a generally positive analyst consensus of “Moderate Buy” and an average price target of $13.90.
• Ecovyst exceeded quarterly expectations, reporting $0.21 EPS versus the $0.19 consensus and $249.95 million in revenue, up 24.9% year over year.
• ECVT opened at $10.40, below its 50-day and 200-day moving averages, while institutional investors own a substantial 86.69% of outstanding shares.

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

ECVT has been the topic of a number of other reports. Citigroup began coverage on shares of Ecovyst in a research note on Wednesday, June 24th. They set an "overweight" rating on the stock. Weiss Ratings reiterated a "sell (d-)" rating on shares of Ecovyst in a research note on Monday, June 1st. Freedom Capital raised shares of Ecovyst to a "strong-buy" rating in a report on Monday, June 29th. Finally, BWS Financial restated a "buy" rating and set a $16.00 target price on shares of Ecovyst in a research report on Thursday, August 6th. One research 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. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $13.90.

Ecovyst Price Performance

Shares of ECVT opened at $10.40 on Friday. 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's 50 day moving average is $12.09 and its two-hundred day moving average is $12.46. Ecovyst has a twelve month low of $7.41 and a twelve month high of $15.09. The firm has a market capitalization of $1.14 billion, a PE ratio of -19.63, a P/E/G ratio of 0.45 and a beta of 1.10.

Ecovyst (NYSE:ECVT - Get Free Report) last released 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. Ecovyst had a positive return on equity of 13.83% and a negative net margin of 7.05%.The firm had revenue of $249.95 million during the quarter, compared to analysts' expectations of $237.54 million. During the same quarter in the prior year, the business posted $0.12 earnings per share. Ecovyst's revenue was up 24.9% compared to the same quarter last year. Ecovyst has set its FY 2026 guidance at 0.580-0.720 EPS. Research analysts anticipate that Ecovyst will post 0.6 earnings per share for the current year.

Hedge Funds Weigh In On Ecovyst

Several institutional investors and hedge funds have recently modified their holdings of the company. OP Asset Management Ltd purchased a new stake in Ecovyst in the 1st quarter worth approximately $77,000. State of Wyoming purchased a new position in shares of Ecovyst during the 1st quarter worth $80,000. Russell Investments Group Ltd. acquired a new stake in shares of Ecovyst during the third quarter worth $87,000. Landscape Capital Management L.L.C. acquired a new stake in shares of Ecovyst during the third quarter worth $89,000. Finally, PharVision Advisers LLC purchased a new stake in shares of Ecovyst in the third quarter valued at $101,000. Hedge funds and other institutional investors 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.

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