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

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

Several other equities analysts have also issued reports on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $14.00 price target on shares of Ecovyst in a report on Tuesday. Citigroup started coverage on Ecovyst in a report on Wednesday, June 24th. They set an “overweight” rating for the company. BWS Financial reissued a “buy” rating and issued a $16.00 price objective on shares of Ecovyst in a research report on Thursday, August 6th. Freedom Capital upgraded Ecovyst to a “strong-buy” rating in a research note on Monday, June 29th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Ecovyst in a research report on Thursday, August 27th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $14.50.

Ecovyst Price Performance

NYSE:ECVT opened at $10.21 on Friday. The company’s 50-day simple moving average is $11.34 and its 200-day simple moving average is $12.38. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.44 and a current ratio of 1.70. Ecovyst has a fifty-two week low of $7.41 and a fifty-two week high of $15.09. The stock has a market capitalization of $1.12 billion, a P/E ratio of -19.26, a P/E/G ratio of 0.45 and a beta of 1.07.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ECVT. Vanguard Group Inc. raised its holdings in shares of Ecovyst by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 11,112,611 shares of the company’s stock worth $108,126,000 after buying an additional 191,394 shares during the last quarter. BlackRock Inc. acquired a new stake in shares of Ecovyst during the second quarter worth $132,792,000. Rubric Capital Management LP grew its holdings in shares of Ecovyst by 1.0% during the fourth quarter. Rubric Capital Management LP now owns 10,500,000 shares of the company’s stock valued at $102,165,000 after buying an additional 100,000 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings 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 valued at $83,573,000 after buying an additional 111,376 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Ecovyst by 246.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,829,034 shares of the company’s stock valued at $62,101,000 after acquiring an additional 3,435,942 shares during the period. 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.