Westlake Chemical Corporation (NYSE:WLK) : Zacks Investment Research ranks Westlake Chemical Corporation (NYSE:WLK) as 3, which is a Hold recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 6 research analysts is 2, which indicates as a Buy.
Westlake Chemical Corporation (NYSE:WLK) : The consensus price target for Westlake Chemical Corporation (NYSE:WLK) is $55.4 for the short term with a standard deviation of $3.58. The most optimist securities analyst among the 5 who monitor the stock believes that the stock can reach $60, however, the pessimist price target for the company is $52.
For the current week, the company shares have a recommendation consensus of Buy. Also, Equity analysts at the Brokerage firm SunTrust Robinson Humphrey upgrades its rating on Westlake Chemical Corporation (NYSE:WLK). The rating major has initiated the coverage with buy rating on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The Analysts at SunTrust Robinson Humphrey raises the price target from $44 per share to $52 per share. The rating by the firm was issued on June 15, 2016.
Westlake Chemical Corporation (NYSE:WLK): stock turned positive on Tuesday. Though the stock opened at $40.98, the bulls momentum made the stock top out at $41.21 level for the day. The stock recorded a low of $39.48 and closed the trading day at $40.51, in the green by 1.58%. The total traded volume for the day was 1,283,910. The stock had closed at $39.88 in the previous days trading.
In an insider trading activity, Mangieri George J, officer (VP & Chief Accounting Officer) of Westlake Chemical Corp, unloaded 2,785 shares at an average price of $60.2 on November 10, 2015. The total amount of the transaction was worth $167,657, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Westlake Chemical Corporation is a vertically integrated manufacturer and marketer of basic chemicals, vinyls, polymers and fabricated building products. The Companys products include a range of chemicals used in the world, which are fundamental to many diverse consumer and industrial markets, including flexible and rigid packaging, automotive products, coatings, residential and commercial construction, as well as other durable and non-durable goods. The Company operates in two principal operating segments, Olefins and Vinyls. The Company is an integrated producer of vinyls with substantial downstream integration into polyvinyl chloride (PVC) building products. The Olefins segment manufactures a range of petrochemical products. The Vinyls segment primarily offers PVC, vinyl chloride monomer (VCM), ethylene dichloride (EDC), chlorine, caustic soda and, through Westlake Chemical OpCo LP, ethylene.