Assessing Whether Westlake Corporation (NYSE: WLK) Is Over- Or Undervalued

Westlake Corporation (WLK) concluded trading on Thursday at a closing price of $152.80, with 0.45 million shares of worth about $69.37 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 23.30% during that period and on March 28, 2024 the price saw a gain of about 0.30%. Currently the company’s common shares owned by public are about 128.21M shares, out of which, 32.81M shares are available for trading.

Stock saw a price change of 1.60% in past 5 days and over the past one month there was a price change of 12.44%. Year-to-date (YTD), WLK shares are showing a performance of 9.17% which increased to 34.79% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $103.28 but also hit the highest price of $152.49 during that period. The average intraday trading volume for Westlake Corporation shares is 364.60K. The stock is currently trading 5.69% above its 20-day simple moving average (SMA20), while that difference is up 8.09% for SMA50 and it goes to 16.98% higher than SMA200.

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Westlake Corporation (NYSE: WLK) currently have 128.21M outstanding shares and institutions hold larger chunk of about 28.49% of that.

The stock has a current market capitalization of $19.59B and its 3Y-monthly beta is at 1.30. PE ratio of stock for trailing 12 months is 41.36, while it has posted earnings per share of $3.69 in the same period. It has Quick Ratio of 1.79 while making debt-to-equity ratio of 0.55. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for WLK, volatility over the week remained 1.17% while standing at 2.03% over the month.

Analysts are in expectations that Westlake Corporation (WLK) stock would likely to be making an EPS of $1 in the current quarter, while forecast for next quarter EPS is $1.87 and it is $9.38 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.62 which is $1.35 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $3.05 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -14.43% while it is estimated to increase by 32.49% in next year.

Coverage by BofA Securities stated Westlake Corporation (WLK) stock as an Underperform in their note to investors on October 18, 2023, suggesting a price target of $129 for the stock. On October 03, 2023, KeyBanc Capital Markets Upgrade their recommendations, while on August 08, 2023, JP Morgan Downgrade their ratings for the stock with a price target of $123. Stock get a Neutral rating from Citigroup on June 14, 2023.

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