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

Key Points

• Stock analysts at Wall Street Zen upgraded Ecovyst (NYSE: ECVT) from a "hold" rating to a "buy" rating.
• BWS Financial also reiterated a "buy" rating with a price target of $12.00 for Ecovyst shares.
• The company's recent quarterly earnings report showed a revenue increase of 9.5% year-over-year, with earnings per share meeting expectations at $0.12.

Wall Street Zen upgraded shares of Ecovyst (NYSE:ECVT - Free Report) from a hold rating to a buy rating in a report released on Saturday morning.

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 analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Ecovyst has an average rating of "Buy" and an average price target of $10.00.

Ecovyst Price Performance

Shares of NYSE ECVT traded down $0.0150 during midday trading on Friday, hitting $8.7150. The company had a trading volume of 821,861 shares, compared to its average volume of 1,800,959. The company has a quick ratio of 1.69, a current ratio of 2.25 and a debt-to-equity ratio of 1.22. Ecovyst has a twelve month low of $5.24 and a twelve month high of $9.07. The business has a 50-day simple moving average of $8.50 and a two-hundred day simple moving average of $7.49. The firm has a market capitalization of $997.17 million, a price-to-earnings ratio of -72.63, a price-to-earnings-growth ratio of 0.75 and a beta of 1.18.

Ecovyst (NYSE:ECVT - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.12 EPS for the quarter, meeting 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 firm had revenue of $200.10 million during the quarter, compared to analysts' expectations of $204.27 million. During the same quarter last year, the business earned $0.12 earnings per share. The business'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. Equities research analysts anticipate that Ecovyst will post 0.44 earnings per share for the current year.

Hedge Funds Weigh In On Ecovyst

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CWM LLC grew its holdings in Ecovyst by 63.0% in the second quarter. CWM LLC now owns 5,946 shares of the company's stock valued at $49,000 after purchasing an additional 2,298 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Ecovyst by 3.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 66,231 shares of the company's stock valued at $506,000 after purchasing an additional 2,325 shares during the period. AlphaQuest LLC grew its holdings in Ecovyst by 60.1% in the first quarter. AlphaQuest LLC now owns 9,042 shares of the company's stock valued at $56,000 after purchasing an additional 3,396 shares during the period. Versant Capital Management Inc grew its holdings in Ecovyst by 200.7% in the first quarter. Versant Capital Management Inc now owns 5,227 shares of the company's stock valued at $32,000 after purchasing an additional 3,489 shares during the period. Finally, Royal Bank of Canada grew its holdings in Ecovyst by 8.6% in the first quarter. Royal Bank of Canada now owns 45,069 shares of the company's stock valued at $279,000 after purchasing an additional 3,571 shares during the period. Institutional investors and hedge funds 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.