Ecovyst (NYSE:ECVT) Reaches New 1-Year High on Analyst Upgrade

Ecovyst Inc. (NYSE:ECVT) reached a new 52-week high on Tuesday after Citigroup raised their price target on the stock from $13.00 to $15.00. Citigroup currently has a neutral rating on the stock. Ecovyst traded as high as $14.42 and last traded at $14.3940, with a volume of 3713078 shares trading hands. The stock had previously closed at $13.93.

ECVT has been the subject of several other research reports. BWS Financial raised their price target on Ecovyst from $12.00 to $16.00 and gave the company a “buy” rating in a report on Monday, March 2nd. KeyCorp raised their price target on Ecovyst from $11.00 to $14.00 and gave the company an “overweight” rating in a report on Friday, February 27th. Weiss Ratings restated a “sell (d)” rating on shares of Ecovyst in a report on Wednesday, January 21st. Finally, Wall Street Zen cut Ecovyst from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 21st. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $14.00.

Hedge Funds Weigh In On Ecovyst

A number of institutional investors and hedge funds have recently modified their holdings of ECVT. Royal Bank of Canada boosted its holdings in shares of Ecovyst by 8.6% in the 1st quarter. Royal Bank of Canada now owns 45,069 shares of the company’s stock worth $279,000 after purchasing an additional 3,571 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Ecovyst by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 69,105 shares of the company’s stock worth $428,000 after purchasing an additional 2,874 shares during the period. Empowered Funds LLC boosted its holdings in shares of Ecovyst by 7.5% in the 1st quarter. Empowered Funds LLC now owns 344,030 shares of the company’s stock worth $2,133,000 after purchasing an additional 23,951 shares during the period. Jane Street Group LLC boosted its holdings in shares of Ecovyst by 954.1% in the 1st quarter. Jane Street Group LLC now owns 141,532 shares of the company’s stock worth $877,000 after purchasing an additional 128,105 shares during the period. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of Ecovyst in the 2nd quarter worth approximately $129,000. Hedge funds and other institutional investors own 86.69% of the company’s stock.

Ecovyst Trading Down 2.4%

The stock has a market cap of $1.56 billion, a PE ratio of -22.71, a PEG ratio of 2.03 and a beta of 1.04. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.42 and a current ratio of 2.64. The stock has a fifty day moving average price of $12.01 and a 200 day moving average price of $10.21.

Ecovyst (NYSE:ECVT) last announced its earnings results on Thursday, February 26th. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.07. Ecovyst had a positive return on equity of 9.39% and a negative net margin of 9.27%.The firm had revenue of $199.43 million during the quarter, compared to analysts’ expectations of $184.85 million. During the same quarter in the previous year, the business earned $0.28 EPS. The company’s quarterly revenue was up 33.9% on a year-over-year basis. Ecovyst has set its FY 2026 guidance at 0.450-0.650 EPS. Equities analysts expect that Ecovyst Inc. will post 0.44 EPS for the current year.

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.