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.
Investment analysts gave a few price targets for WLK. The most optimistic analyst gave a price target of 84, implying potential capital gains of 19.29 percent. The minimum price target given was 45, which equates to a potential downside of -36.09 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 2.93 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is 9.54 percent. Meanwhile, fiscal year estimates have been revised upwards by 1.33 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 9.38 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 2 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 0 analysts that decreased their estimates. Over the same time period, 2 analysts revised their FY earnings estimates upwards, compared to 0 analysts that revised their FY estimates downwards.
WLK has an estimated earnings growth rate of 40.43 percent as forecasted by analysts. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, 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, although it is frequently more appropriate to compare PEG ratios to the company's peers. WLK has a PEG ratio of 0.55.
WLK has traded between a high of 71.44 and a low of 43.51 over the past year. 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 P/E 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's next earnings release will be on 0000-00-00, which is days away.