A report released today by Zacks Investment Research about Westlake Chemical Corporation (NYSE:WLK) raises the target price to $63.00
- Updated: November 30, 2016
Westlake Chemical Corporation (NYSE:WLK) had its price target upped to $63.00 by Zacks Investment Research in a report issued 11/30/2016. The updated stock price target implies a possible upside of 0.08% from the company's most recent close.
Yesterday Westlake Chemical Corporation (NYSE:WLK) traded 7.46% higher at $58.46. WLK’s 50-day moving average is $53.00 and its 200-day moving average is $48.58. The last closing price is up 20.36% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same period. Trade Volume was up over the average, with 1,247,649 shares of WLK changing hands over the typical 999,692
Recent Performance Chart
Westlake Chemical Corporation has PE ratio of 18.71 with a one year low of $39.48 and a one year high of $60.65 and has a market capitalization of $0.
A total of 9 equity analysts have released a ratings update on WLK. zero equity analysts rating the company a strong buy, zero equity analysts rating the company a buy, zero equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $54.22.
Brief Synopsis About Westlake Chemical Corporation (NYSE:WLK)
Westlake Chemical Corporation is a vertically integrated global manufacturer and marketer of basic chemicals, vinyls, polymers and building products. The Company's products include a range of chemicals, which are fundamental to various 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 segments: Olefins and Vinyls. 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. The Company is also an integrated producer of vinyls with substantial downstream integration into polyvinyl chloride (PVC) building products. The Company owns approximately 10 building product facilities.
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