Ecovyst (NYSE:ECVT) Sets New 12-Month High – Here’s What Happened

Ecovyst Inc. (NYSE:ECVT)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $12.38 and last traded at $12.2250, with a volume of 913258 shares trading hands. The stock had previously closed at $11.89.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on ECVT shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Ecovyst in a report on Wednesday, January 21st. KeyCorp upped their target price on Ecovyst from $11.00 to $14.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Deutsche Bank Aktiengesellschaft dropped their target price on Ecovyst from $14.00 to $11.00 and set a “buy” rating for the company in a research report on Friday, November 28th. Citigroup raised their price objective on shares of Ecovyst from $12.00 to $13.00 and gave the company a “neutral” rating in a report on Monday, March 2nd. Finally, Wall Street Zen upgraded shares of Ecovyst from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 10th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Ecovyst currently has an average rating of “Moderate Buy” and a consensus target price of $13.60.

Ecovyst Stock Up 2.4%

The company has a debt-to-equity ratio of 0.65, a current ratio of 2.64 and a quick ratio of 2.42. The company has a market capitalization of $1.35 billion, a P/E ratio of -19.62, a P/E/G ratio of 1.61 and a beta of 1.17. The stock has a 50-day moving average price of $11.10 and a 200-day moving average price of $9.65.

Ecovyst (NYSE:ECVT) last announced its earnings results on Thursday, February 26th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.21 by $0.07. The business had revenue of $199.43 million for the quarter, compared to analysts’ expectations of $184.85 million. Ecovyst had a positive return on equity of 9.39% and a negative net margin of 9.27%.The firm’s revenue was up 33.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.28 earnings per share. Ecovyst has set its FY 2026 guidance at 0.450-0.650 EPS. On average, research analysts predict that Ecovyst Inc. will post 0.44 EPS for the current fiscal year.

Hedge Funds Weigh In On Ecovyst

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Rubric Capital Management LP increased its holdings in Ecovyst by 120.9% in the third quarter. Rubric Capital Management LP now owns 10,400,000 shares of the company’s stock worth $91,104,000 after purchasing an additional 5,692,653 shares in the last quarter. Oaktree Capital Management LP bought a new stake in shares of Ecovyst in the 3rd quarter valued at $25,045,000. Boston Partners lifted its position in shares of Ecovyst by 321.1% during the 2nd quarter. Boston Partners now owns 3,242,285 shares of the company’s stock valued at $26,785,000 after acquiring an additional 2,472,377 shares during the period. Brightline Capital Management LLC bought a new position in Ecovyst during the fourth quarter worth $19,946,000. Finally, Invenomic Capital Management LP acquired a new stake in Ecovyst in the third quarter worth $16,729,000. Institutional investors and hedge funds own 86.69% of the company’s stock.

About Ecovyst

Ecovyst Inc is a global specialty chemicals company that develops, manufactures and markets performance-enhancing products for industrial applications. The company’s core offerings include catalysts, phosphorus-based additives and barium carbonate materials, all designed to improve process efficiency, product quality and environmental performance. Ecovyst serves a diverse customer base in the energy, refining, chemical, polymer, food and consumer goods industries.

The company’s Catalysts segment supplies fluid catalytic cracking (FCC) and hydroprocessing catalysts that help petroleum refiners maximize fuel yield, reduce sulfur emissions and meet increasingly stringent environmental standards.