Analyst Ratings for Westlake Chemical Corp. (WLK)Updated: 2017-07-26
Shares of Westlake Chemical Corp. (NYSE:WLK) have received a consensus rating of Overweight from Wall Street analysts. Last month, WLK received an average rating of Overweight.
16 analysts issued ratings on the stock, where 9 gave WLK a buy rating, 1 issued an overweight rating, 5 issued a hold rating, 0 gave an underweight rating, and 1 gave a sell rating. Today, there are 1 more analysts optimistic about the company future as compared with 90 days ago. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.
Several price targets were given for WLK by the analysts covering the stock. The maximum price target given was 84, implying potential capital gains of 19.29 percent. The most pessimistic price target was 45, which equates to a potential downside of -36.09 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 2.93 percent. The average change in earnings estimates over the last 90 days is 9.54 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 1.33 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of 9.38 percent in FY estimates.
Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 2 analysts increased their quarterly estimates, while 0 analysts made negative revisions. During this time, 2 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts decreased their estimates.
Analysts estimate earnings of WLK to grow at a rate of 40.43 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. Many investors consider PEG ratios between 0 and 1 as preferrable, even though it may be more relevant to compare the ratio to that of a firm's competitors. WLK has a PEG ratio of 0.55.
In the last 52-weeks, WLK has achieved a high of 71.44 and a low of 43.51. The current market price is above the trailing year's low by 61.84 percent, and below the high by 1.43 percent. WLK has a price/earnings ratio of 22.16. Investors typically compare the P/E ratio to a company's peers in the industry. The WLK value stock report compares WLK to some of its peers using value stock charts. The stock has a market capitalization of $9.16 billion. WLK will post this quarters earnings in days, on 0000-00-00.