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

Ecovyst (NYSE:ECVT) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

A number of other equities research analysts have also recently commented on the stock. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Ecovyst from $14.00 to $11.00 and set a “buy” rating on the stock in a report on Friday, November 28th. BWS Financial restated a “buy” rating and issued a $12.00 target price on shares of Ecovyst in a research note on Friday, January 2nd. KeyCorp dropped their price target on Ecovyst from $12.00 to $11.00 and set an “overweight” rating on the stock in a research report on Monday, November 10th. Weiss Ratings reiterated a “sell (d)” rating on shares of Ecovyst in a research note on Wednesday, January 21st. Finally, Citigroup boosted their price objective on Ecovyst from $10.00 to $12.00 and gave the company a “neutral” rating in a research note on Wednesday, January 21st. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.00.

Ecovyst Stock Up 1.4%

ECVT opened at $11.63 on Friday. Ecovyst has a twelve month low of $5.24 and a twelve month high of $11.81. The company’s 50-day moving average price is $10.30 and its two-hundred day moving average price is $9.24. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of -12.50, a PEG ratio of 1.47 and a beta of 1.20. The company has a quick ratio of 2.07, a current ratio of 2.25 and a debt-to-equity ratio of 1.39.

Institutional Trading of Ecovyst

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Rubric Capital Management LP lifted its holdings in Ecovyst by 1.0% during the 4th quarter. Rubric Capital Management LP now owns 10,500,000 shares of the company’s stock worth $102,165,000 after purchasing an additional 100,000 shares in the last quarter. Brightline Capital Management LLC bought a new stake in shares of Ecovyst during the fourth quarter valued at about $19,946,000. First Trust Advisors LP bought a new stake in shares of Ecovyst during the fourth quarter valued at about $633,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Ecovyst by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,271,907 shares of the company’s stock worth $22,106,000 after buying an additional 28,528 shares in the last quarter. Finally, State Street Corp boosted its position in shares of Ecovyst by 0.7% in the fourth quarter. State Street Corp now owns 2,543,242 shares of the company’s stock valued at $24,746,000 after acquiring an additional 17,702 shares during the period. 86.69% of the stock is currently 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.