Weiss Ratings Reiterates Sell (D) Rating for Ecovyst (NYSE:ECVT)

Key Points

• Weiss Ratings has reiterated a "sell (d)" rating for Ecovyst (NYSE: ECVT) amidst mixed assessments from other analysts, with a consensus rating of "Moderate Buy" and a price target of $11.67.
• Ecovyst reported $0.12 EPS last quarter, meeting analyst expectations but falling short on revenue, which was $200.10 million against an expected $204.27 million.
• Institutional investors have significantly increased their stakes in Ecovyst, with notable purchases from firms such as Rubric Capital Management and Boston Partners.

Ecovyst (NYSE:ECVT - Get Free Report)'s stock had its "sell (d)" rating reiterated by investment analysts at Weiss Ratings in a research report issued to clients and investors on Friday,Weiss Ratings reports.

Other equities research analysts have also issued research reports about the company. BMO Capital Markets upped their price target on Ecovyst from $10.00 to $14.00 and gave the company an "outperform" rating in a research report on Friday, September 12th. Wall Street Zen lowered Ecovyst from a "buy" rating to a "hold" rating in a research report on Sunday, October 19th. Finally, BWS Financial reiterated a "buy" rating and issued a $12.00 price target on shares of Ecovyst in a research report on Monday, August 11th. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Ecovyst presently has an average rating of "Moderate Buy" and a consensus price target of $11.67.

Ecovyst Price Performance

Shares of NYSE ECVT opened at $8.48 on Friday. The stock has a market capitalization of $970.74 million, a PE ratio of -70.70, a P/E/G ratio of 3.59 and a beta of 1.20. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.25 and a quick ratio of 1.69. The business has a fifty day moving average price of $8.78 and a two-hundred day moving average price of $8.03. Ecovyst has a fifty-two week low of $5.24 and a fifty-two week high of $9.69.

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

Institutional Trading of Ecovyst

Several institutional investors and hedge funds have recently modified their holdings of the stock. Rubric Capital Management LP purchased a new stake in shares of Ecovyst in the second quarter worth approximately $38,741,000. Boston Partners raised its stake in shares of Ecovyst by 321.1% in the second quarter. Boston Partners now owns 3,242,285 shares of the company's stock worth $26,785,000 after purchasing an additional 2,472,377 shares during the last quarter. First Wilshire Securities Management Inc. raised its stake in shares of Ecovyst by 12.6% in the first quarter. First Wilshire Securities Management Inc. now owns 2,219,462 shares of the company's stock worth $13,761,000 after purchasing an additional 247,794 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Ecovyst by 10.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,106,949 shares of the company's stock worth $13,063,000 after purchasing an additional 203,801 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of Ecovyst by 221.3% in the second quarter. Ameriprise Financial Inc. now owns 1,590,044 shares of the company's stock worth $13,086,000 after purchasing an additional 1,095,228 shares during the last quarter. 86.69% of the stock is owned by hedge funds and other institutional investors.

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.

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