Ecovyst (NYSE:ECVT) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Ecovyst (NYSE:ECVT) from a hold rating to a buy rating in a research note issued to investors on Sunday,Wall Street Zen reports.

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

Ecovyst Stock Down 0.2%

ECVT opened at $9.90 on Friday. Ecovyst has a 12 month low of $7.41 and a 12 month high of $15.09. The business has a 50-day moving average of $11.15 and a two-hundred day moving average of $12.33. 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 $1.08 billion, a price-to-earnings ratio of -18.68, a price-to-earnings-growth ratio of 0.44 and a beta of 1.07.

Ecovyst (NYSE:ECVT) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.21 earnings per share 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 business had revenue of $249.96 million for the quarter, compared to analyst estimates of $237.54 million. During the same period in the prior year, the firm posted $0.12 EPS. The company’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, research analysts expect that Ecovyst will post 0.6 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. WINTON GROUP Ltd increased its position in shares of Ecovyst by 29.3% in the second quarter. WINTON GROUP Ltd now owns 102,300 shares of the company’s stock worth $1,274,000 after acquiring an additional 23,200 shares in the last quarter. Engineers Gate Manager LP purchased a new stake in Ecovyst during the 2nd quarter worth $547,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Ecovyst during the 2nd quarter worth $2,794,000. California State Teachers Retirement System increased its holdings in Ecovyst by 1,325.6% in the 2nd quarter. California State Teachers Retirement System now owns 1,524,415 shares of the company’s stock valued at $18,979,000 after purchasing an additional 1,417,482 shares in the last quarter. Finally, Compass Financial Management LLC acquired a new stake in Ecovyst in the 2nd quarter valued at $305,000. 86.69% of the stock is owned by institutional investors and hedge funds.

About Ecovyst

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.