Westlake Chemical (WLK) Gets a Buy Rating from Alembic Global

Alembic Global analyst Hassan Ahmed maintained a Buy rating on Westlake Chemical (WLKResearch Report) today and set a price target of $75.00. The company’s shares closed last Monday at $60.90.

According to TipRanks.com, Ahmed is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -9.3% and a 31.7% success rate. Ahmed covers the Consumer Goods sector, focusing on stocks such as LyondellBasell, Celanese, and Huntsman.

Westlake Chemical has an analyst consensus of Moderate Buy, with a price target consensus of $74.75.

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Westlake Chemical’s market cap is currently $8.32B and has a P/E ratio of 17.83. The company has a Price to Book ratio of 1.43.

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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.