Last Updated: 17 Sep 2024
Executive Summary
Westlake Chemical Corporation (WLK) is a leading chemical company with a strong financial position and a track record of growth. The company's shares are currently trading at $141.2, below the analyst target price of $163.15. WLK has a trailing P/E ratio of 66.16 and a forward P/E ratio of 14.95. The company's dividend yield is 0.0151%.
Company Overview
Westlake Chemical Corporation is a global producer of petrochemicals, polymers, and other industrial chemicals. The company's products are used in a variety of industries, including automotive, construction, and packaging. WLK has a strong global presence, with operations in North America, Europe, and Asia.
Fundamental Analysis
WLK's financial performance has been strong in recent years. The company's revenue has grown at a CAGR of 5% over the past five years. WLK's earnings per share have also grown at a CAGR of 5% over the past five years. The company's profit margin is 2.27% and its operating margin is 12.8%. WLK's return on assets is 2.77% and its return on equity is 2.85%.
Technical Analysis
WLK's stock price has been trending higher in recent months. The stock is currently trading above its 50-day and 200-day moving averages. WLK's relative strength index (RSI) is 60, which indicates that the stock is overbought.
Short Term Outlook
WLK's stock price is likely to continue to trend higher in the short term. The company's financial performance is strong and the stock is trading above its moving averages. However, the stock is overbought and a pullback could occur in the near term.
Long Term Outlook
WLK's long-term outlook is positive. The company is a leader in the chemical industry and has a strong global presence. WLK's financial performance is strong and the company is expected to continue to grow in the years to come.
Analyst Recommendations
The majority of analysts have a buy rating on WLK. The average analyst target price is $163.15.
