Westlake Chemical Corp Rating Increased to Neutral at UBS AG (WLK)
Westlake Chemical Corp (NYSE: WLK) was upgraded by investment analysts at UBS AG (NYSE: UBS) from a “sell” rating to a “neutral” rating in a note issued to investors on Thursday. The firm currently has a $54.00 target price on the stock.
Westlake Chemical Corp traded down 0.91% on Thursday, hitting $55.24. Westlake Chemical Corp has a 1-year low of $31.26 and a 1-year high of $66.92. The company has a market cap of $3.680 billion and a price-to-earnings ratio of 14.18.
Westlake Chemical Corp last released its earnings data on Tuesday, May 1st. The company reported $1.31 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.26 by $0.05. The company’s quarterly revenue was up 19.3% on a year-over-year basis. Analysts expect that Westlake Chemical Corp will post $1.22 EPS next quarter.
Separately, analysts at Goldman Sachs (NYSE: GS) upgraded shares of Westlake Chemical Corp to a “buy” rating in a research note to investors on Monday, February 27th. They now have a $74.00 price target on the stock.
Westlake Chemical Corporation is a vertically integrated manufacturer and marketer of basic chemicals, vinyls, polymers and fabricated polyvinyl chloride (PVC) building products.