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After finishing at $128.26 in the prior trading day, Westlake Corporation (NYSE: WLK) closed at $126.69, down -1.22%. In other words, the price has decreased by -$1.22 from its previous closing price. On the day, 0.45 million shares were traded. WLK stock price reached its highest trading level at $128.5582 during the session, while it also had its lowest trading level at $125.295.
Ratios:
Our goal is to gain a better understanding of WLK by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.59 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 36.40. For the most recent quarter (mrq), Quick Ratio is recorded 2.04 and its Current Ratio is at 2.79. In the meantime, Its Debt-to-Equity ratio is 0.52 whereas as Long-Term Debt/Eq ratio is at 0.50.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, BofA Securities on October 16, 2024, Upgraded its rating to Neutral and sets its target price to $159 from $151 previously.
On September 30, 2024, Barclays Upgraded its rating to Overweight which previously was Equal Weight and also upped its target price recommendation from $162 to $180.
RBC Capital Mkts Upgraded its Sector Perform to Outperform on August 23, 2024, whereas the target price for the stock was revised from $157 to $174.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 23 ’24 when Janssens Thomas J. bought 14,864 shares for $149.48 per share.
Chao Albert bought 45,298 shares of WLK for $6,568,210 on Aug 16 ’24. On May 09 ’24, another insider, Buesinger Robert F., who serves as the EVP, HIP, IT & Digital of the company, sold 3,500 shares for $158.50 each. As a result, the insider received 554,750 and left with 17,644 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, WLK now has a Market Capitalization of 16305763328 and an Enterprise Value of 19390738432. As of this moment, Westlake’s Price-to-Earnings (P/E) ratio for their current fiscal year is 178.36, and their Forward P/E ratio for the next fiscal year is 15.36. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 14.18. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.34 while its Price-to-Book (P/B) ratio in mrq is 1.53. Its current Enterprise Value per Revenue stands at 1.599 whereas that against EBITDA is 10.684.
Stock Price History:
Over the past 52 weeks, WLK has reached a high of $162.64, while it has fallen to a 52-week low of $118.64. The 50-Day Moving Average of the stock is -9.08%, while the 200-Day Moving Average is calculated to be -12.98%.
Shares Statistics:
The stock has traded on average 483.69K shares per day over the past 3-months and 743910 shares per day over the last 10 days, according to various share statistics. A total of 128.21M shares are outstanding, with a floating share count of 33.44M. Insiders hold about 74.02% of the company’s shares, while institutions hold 26.06% stake in the company. Shares short for WLK as of 1730332800 were 1094405 with a Short Ratio of 2.26, compared to 1727654400 on 1080154. Therefore, it implies a Short% of Shares Outstanding of 1094405 and a Short% of Float of 3.25.
Dividends & Splits
In the trailing 12 months, WLK’s forward annual dividend rate was 2.05, compared to 2.02 this year. Against a Trailing Annual Dividend Yield of 0.015983159The stock’s 5-year Average Dividend Yield is 1.36.
Earnings Estimates
The current rating of Westlake Corporation (WLK) is the result of assessments by 12.0 analysts actively engaged in evaluating its market dynamics.The consensus estimate for the next quarter is $1.65, with high estimates of $1.88 and low estimates of $1.52.
Analysts are recommending an EPS of between $6.96 and $5.0 for the fiscal current year, implying an average EPS of $6.27. EPS for the following year is $8.46, with 13.0 analysts recommending between $9.35 and $7.7.
Revenue Estimates
12 analysts predict $3B in revenue for the current quarter. It ranges from a high estimate of $3.16B to a low estimate of $2.81B. As of the current estimate, Westlake Corporation’s year-ago sales were $2.83BFor the next quarter, 12 analysts are estimating revenue of $3.13B. There is a high estimate of $3.34B for the next quarter, whereas the lowest estimate is $2.94B.
A total of 13 analysts have provided revenue estimates for WLK’s current fiscal year. The highest revenue estimate was $12.53B, while the lowest revenue estimate was $12.1B, resulting in an average revenue estimate of $12.3B. In the same quarter a year ago, actual revenue was $12.55BBased on 14 analysts’ estimates, the company’s revenue will be $13.04B in the next fiscal year. The high estimate is $13.94B and the low estimate is $12.34B.
