Ecovyst (NYSE:ECVT) Stock Rating Upgraded by Freedom Capital

Ecovyst (NYSE:ECVT) was upgraded by equities researchers at Freedom Capital to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

Several other equities analysts have also recently commented on the stock. Wall Street Zen raised shares of Ecovyst from a “buy” rating to a “strong-buy” rating in a research report on Saturday, April 18th. BWS Financial increased their price target on Ecovyst from $12.00 to $16.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Ecovyst in a report on Monday, June 1st. Finally, Citigroup started coverage on Ecovyst in a report on Wednesday, June 24th. They set an “overweight” rating on the stock. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $13.90.

Ecovyst Price Performance

Shares of NYSE:ECVT opened at $12.46 on Monday. The company has a current ratio of 2.38, a quick ratio of 2.13 and a debt-to-equity ratio of 0.68. The stock has a market cap of $1.36 billion, a PE ratio of -22.65, a price-to-earnings-growth ratio of 0.57 and a beta of 1.08. The stock’s fifty day simple moving average is $13.49 and its two-hundred day simple moving average is $12.09. Ecovyst has a 1-year low of $7.39 and a 1-year high of $15.09.

Ecovyst (NYSE:ECVT) last posted its earnings results on Tuesday, May 5th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.04. Ecovyst had a negative net margin of 7.71% and a positive return on equity of 11.58%. The firm had revenue of $214.95 million during the quarter, compared to analyst estimates of $191.07 million. During the same quarter in the prior year, the business posted $0.01 EPS. The business’s revenue was up 50.2% compared to the same quarter last year. Ecovyst has set its FY 2026 guidance at 0.500-0.650 EPS. As a group, analysts forecast that Ecovyst will post 0.56 EPS for the current fiscal year.

Hedge Funds Weigh In On Ecovyst

A number of large investors have recently made changes to their positions in ECVT. Royal Bank of Canada raised its stake in shares of Ecovyst by 8.6% during the 1st quarter. Royal Bank of Canada now owns 45,069 shares of the company’s stock valued at $279,000 after purchasing an additional 3,571 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in 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 grew its holdings in Ecovyst by 7.5% during the 1st quarter. Empowered Funds LLC now owns 344,030 shares of the company’s stock valued at $2,133,000 after buying an additional 23,951 shares in the last quarter. Jane Street Group LLC increased its position in shares of Ecovyst by 954.1% during the first quarter. Jane Street Group LLC now owns 141,532 shares of the company’s stock valued at $877,000 after buying an additional 128,105 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of Ecovyst during the second quarter valued at about $129,000. 86.69% of the stock is owned by institutional investors.

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.