Ecovyst (NYSE:ECVT) Stock Rating Lowered by Wall Street Zen

Ecovyst (NYSE:ECVT) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Sunday.

Other research analysts have also issued reports about the stock. BMO Capital Markets raised their target price on shares of Ecovyst from $10.00 to $14.00 and gave the company an “outperform” rating in a report on Friday, September 12th. Citigroup increased their price objective on shares of Ecovyst from $8.50 to $10.00 and gave the company a “neutral” rating in a research report on Thursday. KeyCorp reduced their target price on shares of Ecovyst from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Monday, November 10th. BWS Financial restated a “buy” rating and set a $12.00 target price on shares of Ecovyst in a research report on Monday, November 10th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Ecovyst in a report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.60.

Ecovyst Stock Performance

Shares of NYSE ECVT opened at $9.67 on Friday. The company has a market cap of $1.10 billion, a P/E ratio of -10.39, a P/E/G ratio of 1.52 and a beta of 1.25. Ecovyst has a 52-week low of $5.24 and a 52-week high of $9.69. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.07 and a current ratio of 2.25. The firm’s fifty day moving average is $8.66 and its two-hundred day moving average is $8.65.

Ecovyst (NYSE:ECVT) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.02). Ecovyst had a negative net margin of 14.34% and a positive return on equity of 8.93%. The firm had revenue of $204.91 million for the quarter, compared to analysts’ expectations of $204.74 million. As a group, analysts anticipate that Ecovyst will post 0.44 EPS for the current fiscal year.

Institutional Investors Weigh In On Ecovyst

Several hedge funds have recently modified their holdings of the business. Charles Schwab Investment Management Inc. increased its holdings in Ecovyst by 10.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,106,949 shares of the company’s stock valued at $13,063,000 after buying an additional 203,801 shares during the period. Nuveen LLC bought a new stake in Ecovyst during the 1st quarter valued at $5,448,000. American Century Companies Inc. increased its holdings in shares of Ecovyst by 39.6% in the 1st quarter. American Century Companies Inc. now owns 379,907 shares of the company’s stock valued at $2,355,000 after acquiring an additional 107,761 shares during the period. AlphaQuest LLC increased its holdings in shares of Ecovyst by 60.1% in the 1st quarter. AlphaQuest LLC now owns 9,042 shares of the company’s stock valued at $56,000 after acquiring an additional 3,396 shares during the period. Finally, Trexquant Investment LP bought a new position in shares of Ecovyst in the 1st quarter worth $2,004,000. Hedge funds and other institutional investors own 86.69% of the company’s stock.

About Ecovyst

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.