Westlake Corporation [WLK] stock is trading at $143.10, down -0.01%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The WLK shares have gain 5.35% over the last week, with a monthly amount drifted -2.68%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Westlake Corporation [NYSE: WLK] stock has seen the most recent analyst activity on August 23, 2024, when RBC Capital Mkts upgraded its rating to a Outperform and also boosted its price target to $174 from $157. Previously, Mizuho started tracking the stock with Outperform rating on August 08, 2024, and set its price target to $170. On April 18, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $174 on the stock. Vertical Research downgraded its rating to a Hold but stick to its price target of $154 on April 08, 2024. Tudor Pickering Holt & Co. upgraded its rating to a Hold. BofA Securities downgraded its rating to Underperform for this stock on October 18, 2023, and downed its price target to $129. In a note dated October 03, 2023, KeyBanc Capital Markets upgraded an Sector Weight rating on this stock.
Westlake Corporation [WLK] stock has fluctuated between $112.77 and $162.64 over the past year. Currently, Wall Street analysts expect the stock to reach $158.64 within the next 12 months. Westlake Corporation [NYSE: WLK] shares were valued at $143.10 at the most recent close of the market. An investor can expect a potential return of 10.86% based on the average WLK price forecast.
Analyzing the WLK fundamentals
Westlake Corporation [NYSE:WLK] reported sales of 12.12B for the trailing twelve months, which represents a drop of -1.35%. Gross Profit Margin for this corporation currently stands at 0.15% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.03 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.48.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 141.39 points at the first support level, and at 139.69 for the second support level. However, for the 1st resistance point, the stock is sitting at 145.19, and for the 2nd resistance point, it is at 147.29.
Ratios To Look Out For
For context, Westlake Corporation’s Current Ratio is 2.61. Further, the Quick Ratio stands at 1.94, while the Cash Ratio is 1.2. Considering the valuation of this stock, the price to sales ratio is 1.52, the price to book ratio is 1.74 and price to earnings (TTM) ratio is 68.67.
Transactions by insiders
Recent insider trading involved Janssens Thomas J., Officer, that happened on Aug 23 ’24 when 14864.0 shares were purchased. Officer, Chao Albert completed a deal on Aug 16 ’24 to buy 45298.0 shares. Meanwhile, EVP, HIP, IT & Digital Buesinger Robert F. sold 3500.0 shares on May 09 ’24.
