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

Key Points

• Ecovyst stock rating was downgraded by Wall Street Zen from "buy" to "hold," reflecting a shift in market sentiment regarding the company's prospects.
• BMO Capital Markets has increased Ecovyst's target price from $10.00 to $14.00, maintaining an "outperform" rating alongside conflicting views from other analysts.
• The company's stock currently trades at $8.10 with a 52-week low of $5.24 and high of $9.69, alongside a market capitalization of $926.80 million.

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

Several other research analysts have also issued reports on ECVT. BMO Capital Markets upped their target price on shares of Ecovyst from $10.00 to $14.00 and gave the stock an "outperform" rating in a research report on Friday, September 12th. Weiss Ratings reiterated a "sell (d)" rating on shares of Ecovyst in a research report on Wednesday, October 8th. Finally, BWS Financial reiterated a "buy" rating and issued a $12.00 target price on shares of Ecovyst in a research report on Monday, August 11th. Three analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $11.67.

Ecovyst Stock Down 1.1%

Shares of NYSE:ECVT opened at $8.10 on Friday. Ecovyst has a 52-week low of $5.24 and a 52-week high of $9.69. The firm has a fifty day moving average of $8.83 and a 200 day moving average of $7.96. The firm has a market capitalization of $926.80 million, a PE ratio of -67.50, a price-to-earnings-growth ratio of 3.63 and a beta of 1.20. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.69 and a current ratio of 2.25.

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

Institutional Trading of Ecovyst

Several institutional investors have recently added to or reduced their stakes in the business. CWM LLC boosted 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Ecovyst by 4.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 69,105 shares of the company's stock valued at $428,000 after buying an additional 2,874 shares during the period. AlphaQuest LLC boosted its holdings in shares of Ecovyst by 60.1% during the first quarter. AlphaQuest LLC now owns 9,042 shares of the company's stock worth $56,000 after purchasing an additional 3,396 shares during the period. Royal Bank of Canada boosted its holdings in shares of Ecovyst by 8.6% during the first quarter. Royal Bank of Canada now owns 45,069 shares of the company's stock worth $279,000 after purchasing an additional 3,571 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of Ecovyst by 1.2% in the first quarter. Bank of New York Mellon Corp now owns 372,061 shares of the company's stock worth $2,307,000 after purchasing an additional 4,293 shares during the last quarter. 86.69% of the stock is currently owned by hedge funds and other institutional investors.

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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