Westlake Chemical Corp. Hits New 1-Year High at $126.01 (WLK)
Westlake Chemical Corp. (NYSE:WLK)’s share price hit a new 52-week high on Tuesday , AR Network reports. The company traded as high as $126.01 and last traded at $125.96, with a volume of 376,819 shares traded. The stock had previously closed at $124.09.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Westlake Chemical Corp. from a “neutral” rating to an “outperform” rating in a research note on Wednesday, January 15th. They now have a $125.10 price target on the stock. Separately, analysts at Susquehanna upgraded shares of Westlake Chemical Corp. from a “neutral” rating to a “positive” rating in a research note on Friday, December 27th. They now have a $145.00 price target on the stock, up previously from $118.00. Finally, analysts at Cowen and Company raised their price target on shares of Westlake Chemical Corp. from $112.00 to $135.00 in a research note on Friday, December 6th. They now have an “outperform” rating on the stock. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $126.22.
The stock’s 50-day moving average is $120.2 and its 200-day moving average is $110.7. The company has a market cap of $8.371 billion and a price-to-earnings ratio of 15.59.
Westlake Chemical Corporation is a vertically integrated manufacturer and marketer of basic chemicals, vinyls, polymers and fabricated building products.
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