Ecovyst (NYSE:ECVT) Raised to “Buy” at Wall Street Zen

Ecovyst (NYSE:ECVTGet Free Report) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Sunday, Wall Street Zen reports.

ECVT has been the topic of a number of other reports. Weiss Ratings restated a “sell (d-)” rating on shares of Ecovyst in a research report on Thursday, August 27th. Citigroup began coverage on shares of Ecovyst in a research note on Wednesday, June 24th. They issued an “overweight” rating for the company. Freedom Capital raised Ecovyst to a “strong-buy” rating in a report on Monday, June 29th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $14.00 price target on shares of Ecovyst in a research report on Tuesday, September 1st. Finally, BWS Financial reaffirmed a “buy” rating and set a $16.00 price target on shares of Ecovyst in a report on Thursday, August 6th. One equities research 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 issued a Sell rating to the company. Based on data from MarketBeat, Ecovyst presently has an average rating of “Moderate Buy” and an average price target of $14.62.

Read Our Latest Research Report on ECVT

Ecovyst Price Performance

Shares of ECVT stock opened at $9.99 on Friday. The stock’s fifty day simple moving average is $11.11 and its 200 day simple moving average is $12.32. Ecovyst has a one year low of $7.41 and a one year high of $15.09. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of -18.86, a P/E/G ratio of 0.44 and a beta of 1.07. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.70 and a quick ratio of 1.44.

Ecovyst (NYSE:ECVTGet Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.02. Ecovyst had a positive return on equity of 13.83% and a negative net margin of 7.05%.The firm had revenue of $249.96 million during the quarter, compared to analyst estimates of $237.54 million. During the same period in the prior year, the company posted $0.12 earnings per share. The business’s revenue for the quarter was up 24.9% compared to the same quarter last year. Ecovyst has set its FY 2026 guidance at 0.580-0.720 EPS. On average, analysts expect that Ecovyst will post 0.6 earnings per share for the current fiscal year.

Insider Transactions at Ecovyst

In other news, Director Patti A. Humble acquired 24,875 shares of Ecovyst stock in a transaction on Thursday, September 10th. The shares were purchased at an average price of $10.05 per share, with a total value of $249,993.75. Following the acquisition, the director owned 33,974 shares in the company, valued at $341,438.70. This represents a 273.38% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.84% of the company’s stock.

Institutional Investors Weigh In On Ecovyst

Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of Ecovyst in the 2nd quarter valued at $132,792,000. Dimensional Fund Advisors LP grew its stake in shares of Ecovyst by 1.7% during the first quarter. Dimensional Fund Advisors LP now owns 6,498,654 shares of the company’s stock worth $83,573,000 after purchasing an additional 111,376 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of Ecovyst by 246.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 4,829,034 shares of the company’s stock worth $62,101,000 after purchasing an additional 3,435,942 shares during the period. First Wilshire Securities Management Inc. increased its holdings in Ecovyst by 1.0% in the first quarter. First Wilshire Securities Management Inc. now owns 2,196,784 shares of the company’s stock valued at $28,251,000 after purchasing an additional 21,850 shares during the last quarter. Finally, Medina Value Partners LLC increased its holdings in Ecovyst by 1.5% in the fourth quarter. Medina Value Partners LLC now owns 2,192,017 shares of the company’s stock valued at $21,328,000 after purchasing an additional 31,877 shares during the last quarter. 86.69% of the stock is owned by institutional investors and hedge funds.

Ecovyst Company Profile

(Get Free Report)

Ecovyst Inc (NYSE: ECVT) is a global provider of specialty catalysts and related services used in refining, petrochemical, chemical, renewable-fuels and industrial applications. The company develops and manufactures zeolite-based catalysts, molecular sieves and other advanced materials that help customers improve chemical processes, product performance and emissions control.

Ecovyst also operates a specialty services business that provides sulfuric acid regeneration, spent-acid management, catalyst recovery and related environmental services.

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Analyst Recommendations for Ecovyst (NYSE:ECVT)

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