Ecovyst (NYSE:ECVT) Downgraded to Hold Rating by Wall Street Zen

Wall Street Zen cut shares of Ecovyst (NYSE:ECVT) from a buy rating to a hold rating in a research note issued to investors on Sunday.

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

Ecovyst Stock Performance

Ecovyst stock opened at $8.10 on Friday. The firm’s 50 day simple moving average is $8.83 and its 200-day simple moving average is $7.97. The company has a market cap of $926.79 million, a P/E 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 current ratio of 2.25 and a quick ratio of 1.69. Ecovyst has a fifty-two week low of $5.24 and a fifty-two week high of $9.69.

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

Institutional Investors Weigh In On Ecovyst

Institutional investors and hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC increased its holdings in Ecovyst by 11,312.2% in the 1st quarter. GAMMA Investing LLC now owns 5,592 shares of the company’s stock valued at $35,000 after buying an additional 5,543 shares during the period. CWM LLC increased its holdings in Ecovyst by 63.0% in the 2nd 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. Parkside Financial Bank & Trust boosted its stake in shares of Ecovyst by 1,769.9% in the 2nd quarter. Parkside Financial Bank & Trust now owns 6,152 shares of the company’s stock valued at $51,000 after purchasing an additional 5,823 shares in the last quarter. AlphaQuest LLC boosted its stake in shares of Ecovyst by 60.1% in the 1st quarter. AlphaQuest LLC now owns 9,042 shares of the company’s stock valued at $56,000 after purchasing an additional 3,396 shares in the last quarter. Finally, Royce & Associates LP acquired a new stake in shares of Ecovyst in the 1st quarter valued at $73,000. Institutional investors own 86.69% of the company’s stock.

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.