Westlake (NYSE:WLK) Stock, Quote.Headers.trade-ideas

Westlake

Westlake Corp is a manufacturer and supplier of chemicals, polymers and building products. Its Performance and Essential Materials segment offers a wide range of essential building blocks for making products utilized in everyday living, including olefins, vinyl chemicals, polyethylene, and epoxies. Its Housing and Infrastructure Products segment produces key finished goods for building products, pipe and fittings, and global compounds businesses.

micron shutter2

News

Price Target

Pre-Market Outlook

Markets

Analyst Ratings

Trading Ideas

ACON

BIDU

OLLI

PTON

Micron To $140? Here Are 10 Top Analyst Forecasts For Monday

snowflake shutter

Upgrades

GLPI

SNOW

WRBY

This Snowflake Analyst Is No Longer Bearish; Here Are Top 5 Upgrades For Friday

xr:d:DAFrxhnsD6E:2,j:7588965345720756394,t:23081706

BILI

CAVA

INTU

NDSN

ROST

WDAY

Ross Stores To Rally Around 25%? Here Are 10 Top Analyst Forecasts For Friday

Westlake Corp

WALKABOUT RES LTD by Walkabout Resource Limited

Walkabout Resources Ltd

Westlake Chemical Partners LP Common Units representing limited partner interests

Westlake Chemical Partners LP

WILK TECHNOLOGIES LTD by WILK TECHNOLOGIES LTD.

Wilk Technologies Ltd

Throughout the last three months, 9 analysts have evaluated Westlake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WLK#NYSE">WLK</a>), offering a diverse set of opinions from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $163.11, with a high estimate of $174.00 and a low estimate of $135.00. Surpassing the previous average price target of $159.88, the current average has increased by 2.02%.
<img src="https://www.benzinga.com/files/images/story/2024/1725541257_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
The standing of Westlake among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Charles Neivert</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$170.00</td>
<td>$180.00</td>
</tr>
<tr>
<td>Arun Viswanathan</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$174.00</td>
<td>$157.00</td>
</tr>
<tr>
<td>Jeffrey Zekauskas</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Underweight</td>
<td>$135.00</td>
<td>$123.00</td>
</tr>
<tr>
<td>John McNulty</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$171.00</td>
<td>$167.00</td>
</tr>
<tr>
<td>John Roberts</td>
<td>Mizuho</td>
<td>Announces</td>
<td>Outperform</td>
<td>$170.00</td>
<td>-</td>
</tr>
<tr>
<td>Joshua Raskin</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$160.00</td>
<td>$172.00</td>
</tr>
<tr>
<td>Michael Leithead</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$162.00</td>
<td>$160.00</td>
</tr>
<tr>
<td>Patrick Cunningham</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$168.00</td>
<td>$162.00</td>
</tr>
<tr>
<td>Arun Viswanathan</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Sector Perform</td>
<td>$158.00</td>
<td>$158.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Westlake. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Westlake compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Westlake's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/WLK/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Westlake analyst ratings.</a>
<h2>Discovering Westlake: A Closer Look</h2>
Westlake Corp is a manufacturer and supplier of chemicals, polymers and building products. Its Performance and Essential Materials segment offers a wide range of essential building blocks for making products utilized in everyday living, including olefins, vinyl chemicals, polyethylene, and epoxies. Its Housing and Infrastructure Products segment produces key finished goods for building products, pipe and fittings, and global compounds businesses.
<h3>Westlake: Financial Performance Dissected</h3>
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Decline in Revenue: Over the 3 months period, Westlake faced challenges, resulting in a decline of approximately -1.35% in revenue growth as of 30 June, 2024. This signifies a reduction in the company's top-line earnings. When compared to others in the Materials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 9.7%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Westlake's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.98% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Westlake's ROA stands out, surpassing industry averages. With an impressive ROA of 1.48%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: With a below-average debt-to-equity ratio of 0.55, Westlake adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>The Significance of Analyst Ratings Explained</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Key Takeaways From Westlake Analyst Ratings

Piper Sandler analyst Charles Neivert maintains Westlake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WLK#NYSE">WLK</a>) with a Overweight and lowers the price target from $180 to $170.

Piper Sandler Maintains Overweight on Westlake, Lowers Price Target to $170

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page.</a>
<ul>
<li>Needham cut the price target for Micron Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) from $150 to $140. Needham analyst Quinn Bolton maintained a Buy rating. Micron shares fell 1.4% to close at $102.85 on Friday. <a href="https://www.benzinga.com/quote/MU/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Ascendiant Capital lowered the price target for Aclarion Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACON#NASDAQ">ACON</a>) from $1.6 to $1.5. Ascendiant Capital analyst Lucas Ward maintained a Buy rating. Aclarion shares gained 4.9% to close at $0.24 on Friday. <a href="https://www.benzinga.com/quote/ACON/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Gordon Haskett raised Ollie&#8217;s Bargain Outlet Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OLLI#NASDAQ">OLLI</a>) price target from $105 to $107. Gordon Haskett analyst Eric Cohen upgraded the stock from Accumulate to Buy. Ollie&#8217;s Bargain shares gained 1.6% to close at $98.89 on Friday. <a href="https://www.benzinga.com/quote/OLLI/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird boosted the price target for Foot Locker Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FL#NYSE">FL</a>) from $26 to $35. Baird analyst Jonathan Komp maintained a Neutral rating. Foot Locker shares fell 0.8% to close at $32.71 on Friday. See how other analysts view this stock.</li>
<li>Baird raised Peloton Interactive Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTON#NASDAQ">PTON</a>) price target from $4 to $4.75. Baird analyst Jonathan Komp maintained a Neutral rating. Peloton Interactive shares gained 6.4% to close at $4.84 on Friday. <a href="https://www.benzinga.com/quote/PTON/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Loop Capital cut Baidu Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) price target from $120 to $115. Loop Capital analyst Rob Sanderson maintained a Buy rating. Baidu shares fell 0.1% to close at $85.70 on Friday. <a href="https://www.benzinga.com/quote/BIDU/analyst-ratings">See how other analysts view this stock.</a></li>
<li>JP Morgan increased the price target for BJ&#8217;s Wholesale Club Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BJ#NYSE">BJ</a>) from $76 to $78. JP Morgan analyst Christopher Horvers upgraded the stock from Underweight to Neutral. BJ&#8217;s Wholesale shares gained 1.4% to close at $82.77 on Friday. <a href="https://www.benzinga.com/quote/BJ/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird boosted SentinelOne Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/S#NYSE">S</a>) price target from $25 to $29. Baird analyst Shrenik Kothari maintained an Outperform rating. SentinelOne shares gained 2.9% to close at $25.26 on Friday. <a href="https://www.benzinga.com/quote/S/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Wells Fargo raised American Homes 4 Rent (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMH#NYSE">AMH</a>) price target from $36 to $42. Wells Fargo analyst James Feldman upgraded the stock from Equal-Weight to Overweight. American Homes 4 Rent shares rose 0.6% to close at $38.57 on Friday. <a href="https://www.benzinga.com/quote/AMH/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Wells Fargo raised Camden Property Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPT#NYSE">CPT</a>) price target from $104 to $127. Wells Fargo analyst James Feldman upgraded the stock from Underweight to Equal-Weight. Camden Property Trust shares rose 1.3% to close at $122.60 on Friday. <a href="https://www.benzinga.com/quote/WLK/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying MU stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="507" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/26082822/image-247-1024x507.png" alt="" class="wp-image-513516" style="width:588px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/26082822/image-247-1024x507.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/26082822/image-247-300x149.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/26082822/image-247-768x381.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/26082822/image-247.png 1336w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>

WIIM

Westlake shares are trading higher after RBC Capital upgraded the stock from Sector Perform to Outperform and raised its price target from $157 to $174.

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page.</a>
<ul>
<li><a href="https://www.benzinga.com/topic/edward-kelly">Wells Fargo analyst Edward Kelly </a>upgraded the rating for BJ&#8217;s Wholesale Club Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BJ#NYSE">BJ</a>) from Equal-Weight to Overweight and raised the price target from $75 to $92. BJ&#8217;s Wholesale shares fell 6.8% to close at $81.66 on Thursday. <a href="https://www.benzinga.com/quote/BJ/analyst-ratings">See how other analysts view this stock.</a></li>
<li>HSBC analyst Stephen Bersey upgraded Snowflake Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) from Reduce to Hold and announced a price target of $121. Snowflake shares fell 14.7% to close at $115.21 on Thursday. <a href="https://www.benzinga.com/quote/SNOW/analyst-ratings">See how other analysts view this stock.</a></li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/584fea22ee7bf600019078d5/arun-viswanathan">RBC Capital analyst Arun Viswanathan</a> upgraded the rating for Westlake Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WLK#NYSE">WLK</a>) from Sector Perform to Outperform, while increasing the price target from $157 to $174. Westlake shares fell 0.7% to close at $144.58 on Thursday. <a href="https://www.benzinga.com/quote/WLK/analyst-ratings">See how other analysts view this stock.</a></li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5dfb69d73513fb0001efda64/nicholas-jones">JMP Securities analyst Nicholas Jones</a> upgraded Warby Parker Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WRBY#NYSE">WRBY</a>) from Market Perform to Market Outperform and announced a price target of $20. Warby Parker shares fell 1.3% to settle at $13.86 on Thursday. <a href="https://www.benzinga.com/quote/WRBY/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Wolfe Research analyst Andrew Rosivach upgraded the rating for Gaming and Leisure Properties, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLPI#NASDAQ">GLPI</a>) from Peer Perform to Outperform, while announcing a price target of $57. Gaming and Leisure Props shares fell 0.5% to close at $49.74 on Thursday. See how other analysts view this stock. <a href="https://www.benzinga.com/quote/GLPI/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying SNOW stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="504" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23084540/image-224-1024x504.png" alt="" class="wp-image-510822" style="width:638px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23084540/image-224-1024x504.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23084540/image-224-300x148.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23084540/image-224-768x378.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23084540/image-224.png 1356w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page.</a>
<ul>
<li>Loop Capital raised the price target for Ross Stores, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROST#NASDAQ">ROST</a>) from $170 to $190. Loop Capital analyst Laura Champine maintained a Buy rating. Ross Stores shares fell 0.9% to close at $152.52 on Thursday. <a href="https://www.benzinga.com/quote/ROST/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Wells Fargo raised the price target for BJ&#8217;s Wholesale Club Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BJ#NYSE">BJ</a>) from $75 to $92. Wells Fargo analyst Edward Kelly upgraded the stock from Equal-Weight to Overweight. BJ&#8217;s Wholesale shares fell 6.8% to close at $81.66 on Thursday.<a href="https://www.benzinga.com/quote/BJ/analyst-ratings"> See how other analysts view this stock.</a></li>
<li>Baird raised Nordson Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDSN#NASDAQ">NDSN</a>) price target from $272 to $287. Baird analyst Michael Halloran maintained an Outperform rating. Nordson shares gained 3.3% to close at $256.03 on Thursday. <a href="https://www.benzinga.com/quote/NDSN/analyst-ratings">See how other analysts view this stock.</a></li>
<li>UBS cut the price target for Las Vegas Sands Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LVS#NYSE">LVS</a>) from $70 to $49. UBS analyst Robin Farley downgraded the stock from Buy to Neutral. Las Vegas Sands shares fell 0.5% to close at $41.07 on Thursday.<a href="https://www.benzinga.com/quote/LVS/analyst-ratings"> See how other analysts view this stock.</a></li>
<li>Barclays raised Bilibili Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BILI#NASDAQ">BILI</a>) price target from $14 to $19. Barclays analyst Jiong Shao upgraded the stock from Equal-Weight to Overweight. Bilibili shares fell 7.6% to close at $12.96 on Thursday. S<a href="https://www.benzinga.com/quote/BILI/analyst-ratings">ee how other analysts view this stock.</a></li>
<li>JP Morgan cut Peloton Interactive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTON#NASDAQ">PTON</a>) price target from $7 to $5. JP Morgan analyst Doug Anmuth downgraded the stock from Overweight to Neutral. Peloton Interactive shares gained 35.4% to close at $4.55 on Thursday. <a href="https://www.benzinga.com/quote/PTON/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Stifel increased the price target for Workday, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) from $250 to $270. Stifel analyst Brad Reback maintained a Hold rating. Workday shares fell 1% to close at $231.08 on Thursday. S<a href="https://www.benzinga.com/quote/WDAY/analyst-ratings">ee how other analysts view this stock.</a></li>
<li>Baird boosted CAVA Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAVA#NYSE">CAVA</a>) price target from $105 to $125.. Baird analyst David Tarantino maintained an Outperform rating. CAVA Group shares fell 0.9% to close at $101.98 on Thursday. <a href="https://www.benzinga.com/quote/CAVA/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Piper Sandler cut Intuit Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>) price target from $760 to $768. Piper Sandler analyst Arvind Ramnani reiterated an Overweight rating. Intuit shares fell 0.8% to close at $665.29 on Thursday. <a href="https://www.benzinga.com/quote/INTU/analyst-ratings">See how other analysts view this stock.</a></li>
<li>RBC Capital raised Westlake Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WLK#NYSE">WLK</a>) price target from $157 to $174. RBC Capital analyst Arun Viswanathan upgraded the stock from Sector Perform to Outperform. Westlake shares fell 0.7% to close at $144.58 on Thursday. <a href="https://www.benzinga.com/quote/WLK/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying ROST stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="507" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23083645/image-223-1024x507.png" alt="" class="wp-image-510775" style="width:568px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23083645/image-223-1024x507.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23083645/image-223-300x149.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23083645/image-223-768x381.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23083645/image-223.png 1348w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>

RBC Capital analyst Arun Viswanathan upgrades Westlake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WLK#NYSE">WLK</a>) from Sector Perform to Outperform and raises the price target from $157 to $174.

RBC Capital Upgrades Westlake to Outperform, Raises Price Target to $174

JP Morgan analyst Jeffrey Zekauskas maintains Westlake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WLK#NYSE">WLK</a>) with a Underweight and raises the price target from $123 to $135.

JP Morgan Maintains Underweight on Westlake, Raises Price Target to $135

BMO Capital analyst John McNulty maintains Westlake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WLK#NYSE">WLK</a>) with a Market Perform and raises the price target from $167 to $171.

BMO Capital Maintains Market Perform on Westlake, Raises Price Target to $171

During the last three months, 5 analysts shared their evaluations of Westlake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WLK#NYSE">WLK</a>), revealing diverse outlooks from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $163.6, with a high estimate of $170.00 and a low estimate of $158.00. This current average has increased by 0.37% from the previous average price target of $163.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1723125634_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
The standing of Westlake among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>John Roberts</td>
<td>Mizuho</td>
<td>Announces</td>
<td>Outperform</td>
<td>$170.00</td>
<td>-</td>
</tr>
<tr>
<td>Joshua Raskin</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$160.00</td>
<td>$172.00</td>
</tr>
<tr>
<td>Michael Leithead</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$162.00</td>
<td>$160.00</td>
</tr>
<tr>
<td>Patrick Cunningham</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$168.00</td>
<td>$162.00</td>
</tr>
<tr>
<td>Arun Viswanathan</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Sector Perform</td>
<td>$158.00</td>
<td>$158.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Westlake. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Westlake compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Westlake's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Capture valuable insights into Westlake's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/WLK/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Westlake analyst ratings.</a>
<h2>Unveiling the Story Behind Westlake</h2>
Westlake Corp is a manufacturer and supplier of chemicals, polymers and building products. Its Performance and Essential Materials segment offers a wide range of essential building blocks for making products utilized in everyday living, including olefins, vinyl chemicals, polyethylene, and epoxies. Its Housing and Infrastructure Products segment produces key finished goods for building products, pipe and fittings, and global compounds businesses.
<h3>Westlake: Financial Performance Dissected</h3>
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Revenue Growth: Westlake displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 7.8%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Materials sector.
Net Margin: Westlake's net margin is impressive, surpassing industry averages. With a net margin of 9.76%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Westlake's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.99% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 1.49%, the company showcases effective utilization of assets.
Debt Management: Westlake's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.46.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Expert Ratings For Westlake

Mizuho analyst John Roberts initiates coverage on Westlake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WLK#NYSE">WLK</a>) with a Outperform rating and announces Price Target of $170.

Initiation

Mizuho Initiates Coverage On Westlake with Outperform Rating, Announces Price Target of $170

Westlake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WLK#NYSE">WLK</a>) reported quarterly earnings of $2.40 per share which beat the analyst consensus estimate of $2.04 by 17.65 percent. This is a 3.9 percent increase over earnings of $2.31 per share from the same period last year. The company reported quarterly sales of $3.207 billion which missed the analyst consensus estimate of $3.237 billion by 0.93 percent. This is a 1.35 percent decrease over sales of $3.251 billion the same period last year.

Earnings

Earnings Beats

Earnings Misses

Westlake Q2 2024 GAAP EPS $2.40 Beats $2.04 Estimate, Sales $3.207B Miss $3.237B Estimate

Management

WLKP

Westlake Chemical Partners Appoints Jean-Marc Gilson As Director, President, And CEO; Albert Chao Transitions To Executive Chairman, James Chao To Senior Chairman; Gilson Previously CEO Of Mitsubishi Chemical Group Corporation; Appointments Effective Today

ACNT

ALTO

PACK

PPTA

Shares of companies within the broader materials sector are trading higher following recent CPI data.

UBS analyst Joshua Raskin maintains Westlake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WLK#NYSE">WLK</a>) with a Neutral and lowers the price target from $172 to $160.

UBS Maintains Neutral on Westlake, Lowers Price Target to $160

Olin Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OLN#NYSE">OLN</a>), as a member of the Ad Hoc Coalition of Epoxy Resin Producers (Coalition), comprised of Olin, Westlake Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WLK#NYSE">WLK</a>), and Spolchemie, announces that the European Commission has initiated an anti-dumping proceeding concerning imports of epoxy resins from&nbsp;China, the Republic of Korea,&nbsp;Taiwan, and&nbsp;Thailand. This notice of initiation published today in the European Union (EU) Official Journal results from a complaint lodged by the Coalition to investigate the level of dumping practiced by Chinese, Korean, Taiwanese, and Thai exporters on the EU market and whether dumped imports from the four targeted countries have caused material injury to the European epoxy resin industry.&nbsp;
<a href="https://mma.prnewswire.com/media/2161236/Olin_Logo.html" target="_blank"><img alt="Olin Logo - Registration Mark (PRNewsfoto/Olin Corporation)" src="https://mma.prnewswire.com/media/2161236/Olin_Logo.jpg" /></a>
The Complaint&nbsp;alleges&nbsp;that exporting producers in the four targeted countries have injured the European epoxy resin producers by selling their products on the EU market at unfairly low prices that significantly undercut the prices of European producers. If the anti-dumping investigation concludes that injurious dumping practices from the four targeted countries have taken place, the European Commission is entitled to impose additional duties on imports of epoxy resins from the four targeted countries to restore a level playing field in the EU.
The dumping margins&nbsp;alleged&nbsp;during the investigation period and set in the complaint are as follows:
<table border="0" cellpadding="1" cellspacing="0">
<tbody>
<tr>
<td colspan="1" rowspan="1">
COUNTRY
</td>
<td colspan="1" rowspan="1">
DUMPING MARGINS ALLEGED
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
China
</td>
<td colspan="1" rowspan="1">
140%&nbsp;-&nbsp;170%
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
The Republic of Korea
</td>
<td colspan="1" rowspan="1">
10%&nbsp;-&nbsp;40%
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Taiwan
</td>
<td colspan="1" rowspan="1">
20%&nbsp;-&nbsp;40%
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Thailand
</td>
<td colspan="1" rowspan="1">
60%&nbsp;-&nbsp;90%
</td>
</tr>
</tbody>
</table>
The European producers in the Coalition manufacture epoxy resins, an essential component for which there are no practical substitutes, for various customer applications including critical industries such as Aerospace, Automotive, Defense, Electrical Transmission, Semiconductors, and Wind Energy. The availability of European epoxy production is critical to ensure the EU&#39;s supply chain resiliency for the industries that deliver progress toward the European Green Deal priorities.
&quot;Although this issue is not unique to Epoxy, nor to the EU, the significant volume of what we believe are unfairly dumped imports of epoxy resin&nbsp;have a seriously negative impact on the EU,&quot; said&nbsp;Florian Kohl, President,&nbsp;Olin Epoxy&nbsp;&amp; International. &quot;Related unfair trade practices for the same products are also under investigation in&nbsp;the United States&nbsp;by the U.S. Department of Commerce and the U.S. International Trade Commission.&quot;
If successful, this investigation will ensure that foreign epoxy resin producers cannot continue to benefit from sending dumped epoxy resins to the EU market and will restore the health of the EU epoxy resin industry, improve the resilience and security of domestic epoxy resin supply chains, enhance the jobs and communities that rely on the epoxy resin industry, and strengthen European economic security by preserving a critical EU manufacturing sector. The entire EU industrial complex would benefit from such an outcome.

Government

Regulations

Legal

Olin Corp, Westlake Corp and Coalition Prompt EU Anti-Dumping Probe on Asian Epoxy Resins

Barclays analyst Michael Leithead maintains Westlake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WLK#NYSE">WLK</a>) with a Equal-Weight and raises the price target from $160 to $162.

Barclays Maintains Equal-Weight on Westlake, Raises Price Target to $162

Citigroup analyst Patrick Cunningham maintains Westlake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WLK#NYSE">WLK</a>) with a Neutral and raises the price target from $162 to $168.

Citigroup Maintains Neutral on Westlake, Raises Price Target to $168

In the latest quarter, 8 analysts provided ratings for Westlake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WLK#NYSE">WLK</a>), showcasing a mix of bullish and bearish perspectives.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $165.12, a high estimate of $180.00, and a low estimate of $153.00. Surpassing the previous average price target of $146.00, the current average has increased by 13.1%.
<img src="https://www.benzinga.com/files/images/story/2024/1718377272_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Westlake. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Arun Viswanathan</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Sector Perform</td>
<td>$158.00</td>
<td>$158.00</td>
</tr>
<tr>
<td>Charles Neivert</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$180.00</td>
<td>$160.00</td>
</tr>
<tr>
<td>Arun Viswanathan</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$153.00</td>
<td>$134.00</td>
</tr>
<tr>
<td>David Begleiter</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$174.00</td>
<td>$138.00</td>
</tr>
<tr>
<td>Patrick Cunningham</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$162.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>Kevin McCarthy</td>
<td>Vertical Research</td>
<td>Announces</td>
<td>Hold</td>
<td>$154.00</td>
<td>-</td>
</tr>
<tr>
<td>Michael Leithead</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$160.00</td>
<td>$142.00</td>
</tr>
<tr>
<td>Michael Sison</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$180.00</td>
<td>$150.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Westlake. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Westlake compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Westlake's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Westlake's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/WLK/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Westlake analyst ratings.</a>
<h2>Get to Know Westlake Better</h2>
Westlake Corp is a manufacturer and supplier of chemicals, polymers and building products. Its Performance and Essential Materials segment offers a wide range of essential building blocks for making products utilized in everyday living, including olefins, vinyl chemicals, polyethylene, and epoxies. Its Housing and Infrastructure Products segment produces key finished goods for building products, pipe and fittings, and global compounds businesses.
<h3>A Deep Dive into Westlake's Financials</h3>
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
Revenue Challenges: Westlake's revenue growth over 3 months faced difficulties. As of 31 March, 2024, the company experienced a decline of approximately -11.35%. This indicates a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Materials sector.
Net Margin: Westlake's net margin excels beyond industry benchmarks, reaching 5.82%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Westlake's ROE stands out, surpassing industry averages. With an impressive ROE of 1.68%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Westlake's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 0.82%, the company showcases efficient use of assets and strong financial health.
Debt Management: Westlake's debt-to-equity ratio is below the industry average. With a ratio of 0.53, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>The Basics of Analyst Ratings</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Peeling Back The Layers: Exploring Westlake Through Analyst Insights

Dividend Champion, Contender, And Challenger Highlights: Week Of August 18

Deutsche Bank analyst David Begleiter reiterated a Buy rating on Westlake Chemical (WLK – Research Report) on August 20 and set a price target of $...

Buy Rating Justified by Westlake Chemical's Strong EBITDA Performance and Growth Potential

Westlake raised at RBC as rate cuts seen driving stronger demand

REGL: Overweight In Financials, But Low Volatility

Dividend Champion, Contender, And Challenger Highlights: Week Of September 1

Microsoft, McDonald's Among 13 Companies To Reward Investors With Increased Dividends In September

Piper Sandler analyst Charles Neivert maintained a Buy rating on Westlake Chemical (WLK – Research Report) today and set a price target of $170.00....

Piper Sandler Sticks to Its Buy Rating for Westlake Chemical (WLK)

Early antidumping ruling is somewhat negative for Olin, Westlake: KeyBanc

Fidelity Select Materials Portfolio Q2 2024 Review

Westlake Chemical (WLK – Research Report), the Basic Materials sector company, was revisited by a Wall Street analyst yesterday. Analyst Michael Si...

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Comments

Westlake

Westlake (WLK) Forecast

Westlake (NYSE:WLK) Stock, Quote.Headers.trade-ideas