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

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

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

Ecovyst Stock Down 0.6%

Shares of Ecovyst stock opened at $11.57 on Friday. The business has a fifty day simple moving average of $10.57 and a 200 day simple moving average of $9.36. The stock has a market cap of $1.32 billion, a PE ratio of -12.44, a price-to-earnings-growth ratio of 1.49 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. Ecovyst has a 12 month low of $5.24 and a 12 month high of $11.85.

Hedge Funds Weigh In On Ecovyst

Large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its holdings in shares of Ecovyst by 8.6% in the first 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position 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 valued at $428,000 after buying an additional 2,874 shares during the last quarter. Empowered Funds LLC lifted its stake in Ecovyst by 7.5% in the 1st quarter. Empowered Funds LLC now owns 344,030 shares of the company’s stock valued at $2,133,000 after acquiring an additional 23,951 shares in the last quarter. Jane Street Group LLC boosted its position in Ecovyst by 954.1% during the 1st quarter. Jane Street Group LLC now owns 141,532 shares of the company’s stock worth $877,000 after acquiring an additional 128,105 shares during the last quarter. Finally, CWM LLC boosted its position in Ecovyst by 63.0% during the 2nd quarter. CWM LLC now owns 5,946 shares of the company’s stock worth $49,000 after acquiring an additional 2,298 shares during the last quarter. Institutional investors own 86.69% of the company’s stock.

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.