Ecovyst (NYSE:ECVT) Stock Rating Cut to Hold at Wall Street Zen

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

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

Ecovyst Trading Down 1.3%

NYSE ECVT opened at $10.07 on Friday. The company’s 50-day moving average price is $10.33 and its 200-day moving average price is $12.16. The company has a current ratio of 1.70, a quick ratio of 1.44 and a debt-to-equity ratio of 0.84. The stock has a market cap of $1.10 billion, a PE ratio of -19.01, a PEG ratio of 0.45 and a beta of 1.05. Ecovyst has a 12 month low of $7.41 and a 12 month high of $15.09.

Ecovyst (NYSE:ECVT) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. The company had revenue of $249.96 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%. The firm’s revenue for the quarter was up 24.9% on a year-over-year basis. 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. Equities research analysts forecast that Ecovyst will post 0.60 earnings per share for the current year.

Insider Activity at Ecovyst

In other news, Director Patti Humble purchased 24,875 shares of the stock in a transaction dated Thursday, September 10th. The shares were acquired at an average cost of $10.05 per share, for a total transaction of $249,993.75. Following the acquisition, the director owned 33,974 shares of the company’s stock, valued at approximately $341,438.70. This represents a 273.38% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.84% of the company’s stock.

Institutional Investors Weigh In On Ecovyst

A number of hedge funds and other institutional investors have recently bought and sold shares of ECVT. Farther Finance Advisors LLC grew its holdings in Ecovyst by 701.3% in the third quarter. Farther Finance Advisors LLC now owns 3,622 shares of the company’s stock worth $36,000 after purchasing an additional 3,170 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Ecovyst in the 2nd quarter worth $65,000. OP Asset Management Ltd acquired a new stake in shares of Ecovyst in the 1st quarter worth $77,000. State of Wyoming purchased a new position in Ecovyst during the 1st quarter worth $80,000. Finally, Summit Securities Group LLC purchased a new position in Ecovyst during the 1st quarter worth $154,000. Hedge funds and other institutional investors own 86.69% of the company’s stock.

About Ecovyst

Ecovyst Inc (NYSE: ECVT) is a global specialty catalysts and services company serving the chemical, refining, pharmaceutical and industrial markets. Its products and services are designed to support chemical processing, resource recovery and the production of fuels and other materials.

The company operates through two primary business areas. Its Ecoservices business provides sulfuric acid recycling and regeneration, virgin sulfuric acid, and related chemical services used by refineries and industrial customers.