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 maximum price target given was 84, implying a possible profit 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.
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.
Another thing investors often look at is the level of agreement among analysts' revisions. 2 analysts have revised their quarterly estimates upwards in the past 30 days, 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. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. 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.
WLK has a 52-week high of 71.44 and a 52-week low of 43.51. Currently the stock is 61.84 percent higher than its low, and 1.43 percent lower than its 52-week 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 stock has a market capitalization of $9.16 billion. WLK's next earnings release will be on 0000-00-00, which is days away.