Ecovyst (NYSE:ECVT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Ecovyst (NYSE:ECVT) from a hold rating to a buy rating in a report published on Saturday.

ECVT has been the subject of several other research reports. BMO Capital Markets upped their price target on Ecovyst from $10.00 to $14.00 and gave the stock an “outperform” rating in a research note on Friday, September 12th. Weiss Ratings restated a “sell (d)” rating on shares of Ecovyst in a research note on Wednesday, October 8th. Finally, BWS Financial restated a “buy” rating and set a $12.00 target price on shares of Ecovyst in a research note on Monday, August 11th. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Ecovyst has an average rating of “Moderate Buy” and an average target price of $11.67.

Ecovyst Stock Performance

ECVT opened at $8.29 on Friday. The company has a market cap of $948.53 million, a PE ratio of -69.08, a price-to-earnings-growth ratio of 3.62 and a beta of 1.20. The stock has a 50-day moving average of $8.84 and a 200-day moving average of $7.91. Ecovyst has a 52-week low of $5.24 and a 52-week high of $9.69. 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) last released its quarterly 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. The company had revenue of $200.10 million during the quarter, compared to the consensus estimate of $204.27 million. Ecovyst had a positive return on equity of 7.69% and a negative net margin of 1.91%.The firm’s revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.12 EPS. Ecovyst has set its FY 2025 guidance at 0.520-0.680 EPS. As a group, equities research analysts forecast that Ecovyst will post 0.44 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ecovyst

Several large investors have recently added to or reduced their stakes in ECVT. CWM LLC grew its position in Ecovyst by 63.0% during the 2nd quarter. CWM LLC now owns 5,946 shares of the company’s stock worth $49,000 after acquiring an additional 2,298 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Ecovyst by 4.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 69,105 shares of the company’s stock worth $428,000 after acquiring an additional 2,874 shares during the last quarter. AlphaQuest LLC grew its position in Ecovyst by 60.1% during the 1st quarter. AlphaQuest LLC now owns 9,042 shares of the company’s stock worth $56,000 after acquiring an additional 3,396 shares during the last quarter. Royal Bank of Canada grew its position in Ecovyst by 8.6% during the 1st quarter. Royal Bank of Canada now owns 45,069 shares of the company’s stock worth $279,000 after acquiring an additional 3,571 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in Ecovyst by 1.2% during the 1st quarter. Bank of New York Mellon Corp now owns 372,061 shares of the company’s stock worth $2,307,000 after acquiring an additional 4,293 shares during the last quarter. 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.