1 week Ago By ABMN Staff
Westlake Co. ( NYSE:WLK – Get Free Report ) has been given a consensus rating of “Moderate Buy” by the twelve research firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and seven have issued a buy recommendation on the company.
The average 12-month target price among brokers that have issued ratings on the stock in the last year is $159.83. Several research firms have weighed in on WLK.
Royal Bank of Canada dropped their price target on Westlake from $170.00 to $167.00 and set an “outperform” rating on the stock in a research note on Monday, November 11th.
Wells Fargo & Company dropped their target price on Westlake from $180.00 to $160.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 6th.
UBS Group reduced their price target on shares of Westlake from $160.00 to $144.00 and set a “neutral” rating for the company in a research report on Wednesday, November 6th.
BMO Capital Markets dropped their price objective on shares of Westlake from $171.00 to $165.00 and set a “market perform” rating on the stock in a report on Wednesday, November 13th.
Finally, Bank of America raised shares of Westlake from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $151.00 to $159.00 in a report on Wednesday, October 16th.
Read Our Latest Research Report on Westlake Insider Transactions at Westlake Institutional Investors Weigh In On Westlake Institutional investors have recently added to or reduced their stakes in the stock. Continuum Advisory LLC lifted its holdings in Westlake by 43.2% during the third quarter.
Continuum Advisory LLC now owns 318 shares of the specialty chemicals company’s stock valued at $48,000 after purchasing an additional 96 shares in the last quarter. Quest Partners LLC lifted its stake in Westlake by 8,400.0% in the 2nd quarter.
Quest Partners LLC now owns 340 shares of the specialty chemicals company’s stock valued at $49,000 after buying an additional 336 shares in the last quarter. Brooklyn Investment Group purchased a new position in Westlake in the 3rd quarter valued at about $62,000. Itau Unibanco Holding S.
A. acquired a new stake in Westlake in the 2nd quarter worth about $66,000. Finally, nVerses Capital LLC purchased a new stake in Westlake during the 3rd quarter worth approximately $75,000.
Institutional investors and hedge funds own 28.40% of the company’s stock. Westlake Price Performance Shares of WLK stock opened at $111.
98 on Thursday. Westlake has a fifty-two week low of $110.76 and a fifty-two week high of $162.
64. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.
04 and a current ratio of 2.79. The firm has a market capitalization of $14.
41 billion, a price-to-earnings ratio of 157.72, a PEG ratio of 2.31 and a beta of 1.
16. The stock’s 50-day simple moving average is $124.31 and its 200-day simple moving average is $137.
00. Westlake ( NYSE:WLK – Get Free Report ) last posted its quarterly earnings data on Tuesday, November 5th. The specialty chemicals company reported $1.
41 EPS for the quarter, missing the consensus estimate of $2.21 by ($0.80).
Westlake had a return on equity of 6.93% and a net margin of 0.81%.
The company had revenue of $3.12 billion for the quarter, compared to analyst estimates of $3.31 billion.
During the same quarter in the previous year, the firm posted $2.20 earnings per share. The company’s quarterly revenue was up .
1% on a year-over-year basis. As a group, equities analysts forecast that Westlake will post 6.47 earnings per share for the current fiscal year.
Westlake Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Tuesday, November 26th were issued a $0.525 dividend.
The ex-dividend date was Tuesday, November 26th. This represents a $2.10 dividend on an annualized basis and a yield of 1.
88%. Westlake’s payout ratio is 295.77%.
Westlake Company Profile ( Get Free Report Westlake Corporation engages in the manufacture and marketing of performance and essential materials, and housing and infrastructure products in the United States, Canada, Germany, China, Mexico, Brazil, France, Italy, Taiwan, and internationally. The company operates through two segments: Performance and Essential Materials and Housing and Infrastructure Products. Read More Receive News & Ratings for Westlake Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Westlake and related companies with MarketBeat.
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