Westlake Co. (NYSE:WLK – Get Free Report) has earned a consensus rating of “Hold” from the twelve ratings firms that are covering the firm, MarketBeat.com reports. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $168.00.
Several research analysts have weighed in on the company. UBS Group cut their price target on Westlake from $172.00 to $160.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Citigroup increased their price objective on Westlake from $162.00 to $168.00 and gave the stock a “neutral” rating in a research note on Friday, June 14th. StockNews.com cut Westlake from a “hold” rating to a “sell” rating in a research note on Sunday, July 14th. Mizuho assumed coverage on shares of Westlake in a research note on Thursday. They issued an “outperform” rating and a $170.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft raised shares of Westlake from a “hold” rating to a “buy” rating and lifted their target price for the stock from $138.00 to $174.00 in a research note on Thursday, April 18th.
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Institutional Trading of Westlake
Westlake Price Performance
Shares of NYSE WLK traded down $0.84 during midday trading on Monday, hitting $145.99. 318,057 shares of the company’s stock were exchanged, compared to its average volume of 433,274. The company has a market cap of $18.77 billion, a price-to-earnings ratio of 73.39, a PEG ratio of 1.90 and a beta of 1.20. Westlake has a 12-month low of $112.77 and a 12-month high of $162.64. The business’s fifty day moving average price is $146.82 and its two-hundred day moving average price is $147.77. The company has a current ratio of 2.61, a quick ratio of 1.83 and a debt-to-equity ratio of 0.41.
Westlake (NYSE:WLK – Get Free Report) last issued its earnings results on Tuesday, August 6th. The specialty chemicals company reported $2.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.99 by $0.41. Westlake had a net margin of 2.27% and a return on equity of 7.84%. The company had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $3.22 billion. During the same period in the prior year, the business earned $2.31 EPS. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. As a group, research analysts forecast that Westlake will post 6.52 EPS for the current fiscal year.
Westlake Company Profile
Westlake Corporation engages in the manufacture and marketing of performance and essential materials, and housing and infrastructure products in the United States, Canada, Germany, China, Mexico, Brazil, France, Italy, Taiwan, and internationally. The company operates through two segments: Performance and Essential Materials and Housing and Infrastructure Products.
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