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.
Many analysts weighed in on price targets for WLK. The highest price target was 84, which equates to a potential upside of 19.29 percent. The most pessimistic price target was 45, implying potential capital losses of -36.09 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
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. If we look at the last 90 days instead, we find a net average change of 9.38 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 2 analysts increased their quarterly estimates, while 0 analysts revised their estimates downwards. During this time, 2 analysts made positive revisions in their estimates for this fiscal year's 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. People often look for the PEG ratio to be under 1, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of WLK is 0.55.
In the trailing 52-weeks, WLK hit 71.44 at the highest peak, while it's lowest trading point was 43.51. Currently the stock is 61.84 percent higher than its low, and 1.43 percent below the high. 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 market cap of WLK is $9.16 billion. WLK is estimated to release their earnings results for the quarter on 0000-00-00, days from today.