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

Key Points

• Ecovyst's stock rating was upgraded from "hold" to "buy" by analysts at Wall Street Zen, highlighting a positive outlook for the company.
• Several brokerages, including BMO Capital Markets, have given Ecovyst a "buy" rating with a price target increase to $14.00, reflecting investor confidence in the stock.
• Ecovyst reported earnings of $0.12 EPS for its latest quarter, meeting expectations, but its revenue was slightly below analyst estimates, indicating potential areas for growth.

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

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

Ecovyst Price Performance

Shares of ECVT opened at $8.10 on Friday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.69 and a current ratio of 2.25. The stock has a 50 day simple moving average of $8.84 and a 200 day simple moving average of $7.88. Ecovyst has a 52-week low of $5.24 and a 52-week high of $9.69. The firm has a market capitalization of $926.80 million, a PE ratio of -67.50, a P/E/G ratio of 3.71 and a beta of 1.20.

Ecovyst (NYSE:ECVT - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.12. Ecovyst had a positive return on equity of 7.69% and a negative net margin of 1.91%.The business 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 firm earned $0.12 EPS. Ecovyst'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. Sell-side analysts predict that Ecovyst will post 0.44 EPS for the current fiscal year.

Institutional Investors Weigh In On Ecovyst

Institutional investors and hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC raised its stake in shares of Ecovyst by 11,312.2% during the 1st quarter. GAMMA Investing LLC now owns 5,592 shares of the company's stock worth $35,000 after purchasing an additional 5,543 shares in the last quarter. CWM LLC raised its stake in shares of Ecovyst by 63.0% during the 2nd quarter. CWM LLC now owns 5,946 shares of the company's stock worth $49,000 after purchasing an additional 2,298 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Ecovyst by 1,769.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 6,152 shares of the company's stock worth $51,000 after purchasing an additional 5,823 shares in the last quarter. AlphaQuest LLC raised its stake in shares of Ecovyst by 60.1% during the 1st quarter. AlphaQuest LLC now owns 9,042 shares of the company's stock worth $56,000 after purchasing an additional 3,396 shares in the last quarter. Finally, Royce & Associates LP bought a new stake in shares of Ecovyst during the 1st quarter worth approximately $73,000. Institutional investors own 86.69% of the company's stock.

About Ecovyst

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.