Westlake Co. (NYE:WLK) receives a “Hold” consensus recommendation from 19 Analysts, with a 1-year target price of $119.64. Three analysts have rated the company’s stock as “Sell”, while seven assigned a “Hold” rating, and two issued a “Buy” rating. The average rating comes from recent comments by various research analysts, including Goldman Sachs Group, UBS Group, and Citigroup. JPMorgan Chase & Co. also upped their price objective on Westlake from $109.00 to $120.00, giving the stock a “neutral” rating.
NYE:WLK opened at $107.11 on Friday, with a 50-day moving average of $117.20 and a 200-day moving average of $105.52. Westlake has a market capitalization of $13.64 billion, a price-to-earnings ratio of 6.18, and a beta of 1.24. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.79, and a current ratio of 2.60.
Westlake Quarterly Revenue
Westlake, a specialty chemicals company, reported a quarterly revenue of $3.30 billion, which is down 5.9% compared to the same quarter in the prior year. The company’s net margin is 14.23%, and its return on equity is 22.54%. The stock has a one-year low of $81.29 and a one-year high of $141.19.
Westlake recently announced a quarterly dividend, paying investors a $0.357 per share dividend on Thursday, March 16th. The ex-dividend date was Tuesday, February 28th, and investors of record on Wednesday, March 1st were eligible for the dividend. The company’s Financial ratio is 8.26%. Overall, Westlake has mixed ratings from analysts, with a 1-year target price of $119.64.
Westlake Chemical Corp Stock Analysis
Westlake Chemical Corporation has received a consensus analyst target price of USD 109.59 for the next 12 months, based on predictions from 19 analysts. The company has been given a “Hold” rating by these analysts on average. Meanwhile, Stock Target Advisor’s analysis on the stock is “Neutral”, citing 2 positive signals and 2 negative signals. As of the last closing, Westlake Chemical Corporation’s stock price was USD 107.11, showing a decline of -0.04% over the past week, -10.79% over the past month, and -13.95% over the last year.
Company Overview
Westlake Corporation is a manufacturing company that produces and sells performance and essential materials, housing, and infrastructure products globally. Its Performance and Essential Materials segment includes products such as polyethylene, PVC, and epoxy resins. Its products are utilized in various markets, including automotive, healthcare, wind turbines, water treatment, and coatings. Westlake Corporation was established in 1986 and is based in Houston, Texas.
