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.
A number of analysts gave price targets for WLK. The most optimistic analyst gave a price target of 84, implying potential capital gains of 19.29 percent. The lowest price target was 45, which equates to a potential downside of -36.09 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
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. Over the past 30 days, FY earnings estimates have also changed upwards by 1.33 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 9.38 percent.
People are often interested in whether analysts were united in the direction of their 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. Also over the last month, 2 analysts increased their estimates for the FY earnings, while 0 analysts made negative revisions to their fiscal year's 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. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of WLK is 0.55.
WLK has traded between a high of 71.44 and a low of 43.51 over the past year. Today's price is 61.84 percent above the 52-week low, and 1.43 percent below the high. 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's next earnings release will be on 0000-00-00, which is days away.