Westlake Chemical Corporation (NYSE:WLK) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2 by 6 Brokerage Firm. 4 Wall Street Firms have rated the stock as a strong buys. 1 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell.
Other Equity analysts have also commented on the company shares. SunTrust Robinson Humphrey upgrades their rating on the shares of Westlake Chemical Corporation (NYSE:WLK). The current rating of the shares is Buy. Earlier, the shares were rated a Neutral by the brokerage firm. Equity Analysts at the Firm raises the price target to $52 per share from $44 per share. The rating by the firm was issued on June 15, 2016.
Westlake Chemical Corporation (NYSE:WLK) should head towards $55.4 per share according to 5 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $52 per share. The higher price estimate target is at $60 according to the Analysts.
Westlake Chemical Corporation (NYSE:WLK) witnessed a decline in the market cap on Tuesday as its shares dropped 0.87% or 0.38 points. After the session commenced at $43.87, the stock reached the higher end at $44.11 while it hit a low of $43.12. With the volume soaring to 1,034,900 shares, the last trade was called at $43.48. The company has a 52-week high of $73.05. The company has a market cap of $5,666 million and there are 130,306,311 shares in outstanding. The 52-week low of the share price is $39.9.
Westlake Chemical Corp. has dropped 0.39% in the last five trading days, however, the shares have posted positive gains of 0.14% in the last 4 weeks. Westlake Chemical Corp. has dropped 7.92% during the last 3-month period . Year-to-Date the stock performance stands at -19.26%.
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.