Ecovyst (NYSE:ECVT) Stock Rating Upgraded by Freedom Capital

Ecovyst (NYSE:ECVT) was upgraded by investment analysts at Freedom Capital to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

A number of other research analysts also recently issued reports on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Ecovyst in a research report on Monday, June 1st. Wall Street Zen upgraded Ecovyst from a “buy” rating to a “strong-buy” rating in a research note on Saturday, April 18th. BWS Financial boosted their price objective on Ecovyst from $12.00 to $16.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Finally, Citigroup started coverage on Ecovyst in a report on Wednesday, June 24th. They set an “overweight” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $13.90.

Ecovyst Price Performance

Shares of NYSE ECVT opened at $12.46 on Monday. Ecovyst has a 52 week low of $7.39 and a 52 week high of $15.09. The business’s 50 day moving average price is $13.49 and its 200 day moving average price is $12.09. The company has a quick ratio of 2.13, a current ratio of 2.38 and a debt-to-equity ratio of 0.68. The firm has a market cap of $1.36 billion, a P/E ratio of -22.65, a P/E/G ratio of 0.57 and a beta of 1.08.

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Empowered Funds LLC boosted its stake in shares of Ecovyst by 8.6% in the first quarter. Empowered Funds LLC now owns 566,680 shares of the company’s stock worth $7,288,000 after acquiring an additional 45,008 shares during the last quarter. Dayah Capital LLC acquired a new position in Ecovyst during the first quarter worth about $6,044,000. Bank of America Corp DE grew its stake in Ecovyst by 62.1% during the 1st quarter. Bank of America Corp DE now owns 1,106,009 shares of the company’s stock valued at $14,223,000 after acquiring an additional 423,825 shares in the last quarter. SummitTX Capital L.P. acquired a new stake in Ecovyst in the 1st quarter valued at about $5,017,000. Finally, Lazard Asset Management LLC grew its position in shares of Ecovyst by 335.8% in the first 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 in the last quarter. Institutional investors and hedge funds own 86.69% of the company’s stock.

Ecovyst Company Profile

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.