Ecovyst (NYSE:ECVT) Rating Lowered to “Hold” at Wall Street Zen

Ecovyst (NYSE:ECVT) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Sunday, Wall Street Zen reports.

Other equities research analysts have also issued reports about the company. BWS Financial reiterated a “buy” rating and issued a $16.00 price objective on shares of Ecovyst in a research report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $14.00 target price on shares of Ecovyst in a report on Tuesday, September 1st. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ecovyst in a research note on Thursday, August 27th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Ecovyst has a consensus rating of “Moderate Buy” and an average target price of $14.62.

Ecovyst Stock Down 0.5%

NYSE ECVT opened at $10.07 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.70 and a quick ratio of 1.44. The stock has a market capitalization of $1.10 billion, a PE ratio of -19.01, a PEG ratio of 0.45 and a beta of 1.05. Ecovyst has a 1 year low of $7.41 and a 1 year high of $15.09. The business’s 50-day moving average is $10.15 and its 200 day moving average is $11.77.

Ecovyst (NYSE:ECVT) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. The company had revenue of $249.96 million for the quarter, compared to the consensus estimate of $237.54 million. Ecovyst had a positive return on equity of 13.83% and a negative net margin of 7.05%. Ecovyst’s revenue was up 24.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.12 EPS. Ecovyst has set its FY 2026 guidance at 0.580-0.720 EPS. Sell-side analysts forecast that Ecovyst will post 0.60 earnings per share for the current year.

Insider Transactions at Ecovyst

In related news, Director Patti Humble acquired 24,875 shares of the stock in a transaction on Thursday, September 10th. The stock was acquired at an average cost of $10.05 per share, for a total transaction of $249,993.75. Following the completion of the acquisition, the director directly owned 33,974 shares of the company’s stock, valued at approximately $341,438.70. This represents a 273.38% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.84% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in ECVT. Farther Finance Advisors LLC grew its stake in Ecovyst by 701.3% in the third quarter. Farther Finance Advisors LLC now owns 3,622 shares of the company’s stock worth $36,000 after purchasing an additional 3,170 shares during the period. Public Employees Retirement System of Ohio bought a new position in Ecovyst in the second quarter worth $65,000. State of Wyoming bought a new position in Ecovyst in the first quarter worth $80,000. Summit Securities Group LLC purchased a new position in Ecovyst during the first quarter valued at $154,000. Finally, Nisa Investment Advisors LLC lifted its position in Ecovyst by 75.9% during the third quarter. Nisa Investment Advisors LLC now owns 18,659 shares of the company’s stock valued at $183,000 after buying an additional 8,053 shares during the period. Hedge funds and other institutional investors own 86.69% of the company’s stock.

About Ecovyst

Ecovyst Inc (NYSE: ECVT) is a global provider of specialty catalysts and advanced materials used in industrial and environmental applications. The company develops, manufactures and supplies products that help customers improve process efficiency, increase yields and meet emissions and sustainability requirements.

Through its Catalysts Technologies business, Ecovyst provides catalysts and related services for petroleum refining, renewable fuels, petrochemicals and other chemical processes.