Westlake Chemical Corporation (NYSE:WLK) target price raised to $51.00, issued a report today by Goldman Sachs Group Inc.
- Updated: September 30, 2016
Westlake Chemical Corporation (NYSE:WLK) had its price target upped to $51.00 by Goldman Sachs Group Inc. in a report released Friday September 30, 2016. The bumped up target suggests a possible downside of -0.05% from the company's most recent stock price close.
Previously on 9/06/2016, Vetr Inc. reported on Westlake Chemical Corporation (NYSE:WLK) raised the target price from $0.00 to $59.00 that suggested an upside of 0.12%.
Just yesterday Westlake Chemical Corporation (NYSE:WLK) traded 1.74% higher at $53.60. Westlake Chemical Corporation’s 50-day moving average is $50.59 and its 200-day moving average is $46.89. With the last close up 14.43% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. Trade Volume was down over the average, with 527,330 shares of WLK changing hands under the typical 1,039,470
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Westlake Chemical Corporation has a price-earnings ratio of 13.38 with a one year low of $39.48 and a one year high of $63.56 The company’s market cap is currently $0.
In addition to Goldman Sachs Group Inc. reporting its target price, a total of 9 analysts have released a report on Westlake Chemical Corporation. The 12-month price target is $54.22 with zero analysts rating the company a strong buy, zero analysts rating the company a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On 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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