Wall Street Zen Downgrades Ecovyst (NYSE:ECVT) to Hold

Ecovyst (NYSE:ECVT) was downgraded by investment analysts at Wall Street Zen from a “strong-buy” rating to a “hold” rating in a note issued to investors on Saturday.

Several other equities analysts have also weighed in on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Ecovyst in a report on Monday, June 1st. BWS Financial reaffirmed a “buy” rating and set a $16.00 price target on shares of Ecovyst in a research report on Thursday. Freedom Capital raised Ecovyst to a “strong-buy” rating in a research report on Monday, June 29th. Finally, Citigroup started coverage on Ecovyst in a research note on Wednesday, June 24th. They set an “overweight” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Ecovyst has an average rating of “Moderate Buy” and an average target price of $13.90.

Ecovyst Stock Down 0.4%

Ecovyst stock opened at $10.34 on Friday. Ecovyst has a twelve month low of $7.41 and a twelve month high of $15.09. The firm has a 50 day moving average price of $12.38 and a 200-day moving average price of $12.50. The company has a market capitalization of $1.13 billion, a P/E ratio of -19.50, a P/E/G ratio of 0.48 and a beta of 1.10. The company has a quick ratio of 1.44, a current ratio of 1.70 and a debt-to-equity ratio of 0.84.

Ecovyst (NYSE:ECVT) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.02. The company had revenue of $249.95 million during the quarter, compared to analyst estimates of $237.54 million. Ecovyst had a negative net margin of 7.05% and a positive return on equity of 13.83%. Ecovyst’s quarterly revenue was up 24.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.12 EPS. Ecovyst has set its FY 2026 guidance at 0.580-0.720 EPS. As a group, equities analysts predict that Ecovyst will post 0.56 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in shares of Ecovyst during the second quarter worth $132,792,000. Rubric Capital Management LP grew its position in shares of Ecovyst by 120.9% in the third quarter. Rubric Capital Management LP now owns 10,400,000 shares of the company’s stock valued at $91,104,000 after purchasing an additional 5,692,653 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Ecovyst by 246.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 4,829,034 shares of the company’s stock valued at $62,101,000 after purchasing an additional 3,435,942 shares in the last quarter. Brightline Capital Management LLC bought a new stake in shares of Ecovyst during the 4th quarter valued at $19,946,000. Finally, Oaktree Capital Management LP raised its stake in shares of Ecovyst by 48.8% during the 4th quarter. Oaktree Capital Management LP now owns 4,254,503 shares of the company’s stock valued at $41,396,000 after purchasing an additional 1,395,481 shares during the period. 86.69% of the stock is owned by institutional investors.

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.