Ecovyst (NYSE:ECVT) Price Target Cut to $14.50 by Analysts at Citigroup

Ecovyst (NYSE:ECVT) had its target price dropped by equities research analysts at Citigroup from $16.00 to $14.50 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price target would suggest a potential upside of 15.49% from the company’s previous close.

ECVT has been the subject of several other research reports. BWS Financial upped their target price on shares of Ecovyst from $12.00 to $16.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Weiss Ratings reissued a “sell (d-)” rating on shares of Ecovyst in a research report on Monday, June 1st. KeyCorp boosted their price target on shares of Ecovyst from $11.00 to $14.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Finally, Wall Street Zen raised shares of Ecovyst from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 18th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $13.90.

Ecovyst Stock Down 1.8%

Shares of NYSE:ECVT traded down $0.23 during mid-day trading on Wednesday, hitting $12.55. 606,797 shares of the company traded hands, compared to its average volume of 1,820,310. The stock has a market cap of $1.37 billion, a P/E ratio of -22.83, a P/E/G ratio of 0.60 and a beta of 1.08. The company has a current ratio of 2.38, a quick ratio of 2.13 and a debt-to-equity ratio of 0.68. Ecovyst has a 12-month low of $7.39 and a 12-month high of $15.09. The stock has a 50-day moving average price of $13.68 and a two-hundred day moving average price of $11.96.

Ecovyst (NYSE:ECVT) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.04. The business had revenue of $214.95 million during the quarter, compared to the consensus estimate of $191.07 million. Ecovyst had a positive return on equity of 11.58% and a negative net margin of 7.71%.Ecovyst’s revenue was up 50.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.01 earnings per share. Ecovyst has set its FY 2026 guidance at 0.500-0.650 EPS. On average, equities research analysts forecast that Ecovyst will post 0.56 earnings per share for the current year.

Institutional Trading of Ecovyst

Several hedge funds and other institutional investors have recently modified their holdings of ECVT. Empowered Funds LLC increased its stake in Ecovyst by 8.6% in the first quarter. Empowered Funds LLC now owns 566,680 shares of the company’s stock valued at $7,288,000 after acquiring an additional 45,008 shares during the last quarter. Dayah Capital LLC bought a new stake in Ecovyst during the first quarter worth about $6,044,000. Bank of America Corp DE boosted its holdings in shares of Ecovyst by 62.1% in the 1st quarter. Bank of America Corp DE now owns 1,106,009 shares of the company’s stock worth $14,223,000 after purchasing an additional 423,825 shares in the last quarter. SummitTX Capital L.P. bought a new position in shares of Ecovyst during the 1st quarter valued at about $5,017,000. Finally, Lazard Asset Management LLC increased its position in shares of Ecovyst by 335.8% during the 1st quarter. Lazard Asset Management LLC now owns 62,714 shares of the company’s stock valued at $807,000 after purchasing an additional 48,324 shares during the last quarter. Institutional investors 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.