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Wells Fargo Stick to Their Buy Rating for Westlake Chemical Corp

Jul 02, 2021 05:07AM ET
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Wells Fargo (NYSE:WFC) analyst Michael Sison maintained a Buy rating on Westlake Chemical (NYSE:WLK) Corp on Tuesday, setting a price target of $119, which is approximately 30.44% above the present share price of $91.23.

Sison expects Westlake Chemical Corp to post earnings per share (EPS) of $1.88 for the third quarter of 2021.

The current consensus among 12 TipRanks analysts is for a Moderate Buy rating of shares in Westlake Chemical, with an average price target of $113.92.
The analysts price targets range from a high of $135 to a low of $93.

In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $2.36 billion and a net profit of $346 million. The company's market cap is $11.69 billion.

According to TipRanks.com, Wells Fargo analyst Michael Sison is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 15.8% and a 64.67% success rate.

Westlake Chemical Corp. manufactures and markets petrochemicals, polymers and fabricated building products. It operates through the Olefins and Vinyls segments. The Olefins segment manufactures ethylene, polyethylene, styrene, and associated co-products at the manufacturing facility in Lake Charles and polyethylene at the Longview facility. The Vinyls segment manufactures and sells building products fabricated from polyvinyl chloride, including pipe, fittings, profiles, foundation, building products, fence and deck components, window, and door components, film, and sheet products. The company was founded by Ting Tsung Chao in 1986 and is headquartered in Houston, TX.

Wells Fargo Stick to Their Buy Rating for Westlake Chemical Corp
 

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