Ecovyst (NYSE:ECVT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Ecovyst (NYSE:ECVT) from a hold rating to a buy rating in a research report sent to investors on Saturday.

Other equities analysts have also issued research reports about the company. BMO Capital Markets upped their price target on Ecovyst from $10.00 to $14.00 and gave the company an “outperform” rating in a research note on Friday, September 12th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Ecovyst in a research report on Wednesday, October 8th. BWS Financial reaffirmed a “buy” rating and set a $12.00 target price on shares of Ecovyst in a research note on Monday, November 10th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Ecovyst from $14.00 to $11.00 and set a “buy” rating on the stock in a research note on Friday, November 28th. Finally, KeyCorp lowered their price objective on shares of Ecovyst from $12.00 to $11.00 and set an “overweight” rating for the company in a research report on Monday, November 10th. Five research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Ecovyst currently has an average rating of “Moderate Buy” and an average price target of $11.40.

Ecovyst Stock Performance

Ecovyst stock opened at $9.33 on Friday. The firm has a 50 day simple moving average of $8.53 and a 200-day simple moving average of $8.59. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of -10.03, a price-to-earnings-growth ratio of 1.45 and a beta of 1.25. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.25 and a quick ratio of 2.07. Ecovyst has a 1-year low of $5.24 and a 1-year high of $9.69.

Ecovyst (NYSE:ECVT) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.02). The business had revenue of $204.91 million during the quarter, compared to analyst estimates of $204.74 million. Ecovyst had a negative net margin of 14.34% and a positive return on equity of 8.93%. On average, analysts expect that Ecovyst will post 0.44 EPS for the current year.

Institutional Investors Weigh In On Ecovyst

Large investors have recently bought and sold shares of the stock. CIBC Bancorp USA Inc. acquired a new stake in Ecovyst in the 3rd quarter valued at about $109,000. PharVision Advisers LLC purchased a new stake in shares of Ecovyst during the third quarter worth approximately $101,000. Prelude Capital Management LLC acquired a new stake in Ecovyst in the third quarter valued at approximately $185,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Ecovyst in the third quarter worth approximately $477,000. Finally, Invenomic Capital Management LP acquired a new position in Ecovyst during the 3rd quarter worth approximately $16,729,000. Hedge funds and other institutional investors own 86.69% of the company’s stock.

Ecovyst Company Profile

Ecovyst Inc offers specialty catalysts and services in the United States and internationally. The company operates in two segments, Ecoservices and Advanced Materials & Catalysts. The Ecoservices segment provides sulfuric acid recycling services and end-to-end logistics for production of alkylate for refineries; and virgin sulfuric acid for mining, water treatment, and industrial applications.