A number of research firms have changed their ratings and price targets for Westlake (NYSE: WLK):
- 10/26/2026 – Westlake was given a new $76.00 price target by Morgan Stanley.
- 10/23/2026 – Westlake was downgraded by Zacks Research from “hold” to “strong sell”.
- 10/16/2026 – Westlake had its price target lowered by JPMorgan Chase & Co. from $80.00 to $65.00. They now have a “neutral” rating on the stock.
- 10/15/2026 – Westlake had its “sell (d)” rating reaffirmed by Weiss Ratings.
- 10/13/2026 – Westlake had its price target lowered by Royal Bank Of Canada from $95.00 to $74.00. They now have an “outperform” rating on the stock.
- 10/12/2026 – Westlake is now covered by Barclays. They set an “underweight” rating and a $66.00 price target on the stock.
- 10/12/2026 – Westlake was upgraded by Barclays to “strong sell”.
- 10/5/2026 – Westlake had its “neutral” rating reaffirmed by Citigroup. They now have a $67.00 price target on the stock, down from $85.00.
- 10/5/2026 – Westlake was given a new $86.00 price target by UBS Group. They now have a “buy” rating on the stock.
- 10/1/2026 – Westlake was given a new $72.00 price target by Mizuho.
- 10/1/2026 – Westlake had its price target lowered by Truist Financial from $104.00 to $90.00. They now have a “buy” rating on the stock.
- 10/1/2026 – Westlake had its price target lowered by Wells Fargo & Company from $89.00 to $68.00. They now have an “equal weight” rating on the stock.
- 9/30/2026 – Westlake had its price target lowered by Citigroup from $85.00 to $67.00. They now have a “neutral” rating on the stock.
- 9/25/2026 – Westlake was given a new $98.00 price target by UBS Group. They now have a “buy” rating on the stock.
- 9/11/2026 – Westlake is now covered by KeyCorp. They set an “overweight” rating and a $92.00 price target on the stock.
- 9/10/2026 – Westlake is now covered by KeyCorp. They set an “overweight” rating and a $92.00 price target on the stock.
Westlake Trading Down 0.6%
NYSE WLK traded down $0.41 on Wednesday, hitting $68.06. The company’s stock had a trading volume of 882,684 shares, compared to its average volume of 1,133,305. The company’s 50-day moving average is $67.65 and its 200 day moving average is $86.49. The firm has a market cap of $8.70 billion, a PE ratio of -7.10 and a beta of 0.66. Westlake Corporation has a 1-year low of $56.33 and a 1-year high of $124.23. The company has a quick ratio of 1.70, a current ratio of 2.45 and a debt-to-equity ratio of 0.55.
Westlake (NYSE:WLK – Get Free Report) last issued its quarterly earnings data on Wednesday, November 4th. The specialty chemicals company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.04). The business had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.94 billion. Westlake had a positive return on equity of 0.93% and a negative net margin of 10.94%. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.29) EPS. As a group, analysts predict that Westlake Corporation will post 2.25 earnings per share for the current fiscal year.
Westlake Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Tuesday, August 25th were paid a $0.5330 dividend. The ex-dividend date of this dividend was Tuesday, August 25th. This is a positive change from Westlake’s previous quarterly dividend of $0.53. This represents a $2.13 annualized dividend and a dividend yield of 3.1%. Westlake’s payout ratio is currently -22.23%.
Insider Buying and Selling at Westlake
In other news, Chairman Albert Chao sold 38,873 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $80.28, for a total transaction of $3,120,724.44. Following the completion of the transaction, the chairman directly owned 642,880 shares in the company, valued at $51,610,406.40. This trade represents a 5.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.40% of the company’s stock.
Westlake Corporation is a global manufacturer of performance and essential materials, as well as products used in housing and infrastructure. Headquartered in Houston, Texas, the company serves customers in construction, packaging, healthcare, consumer products, automotive, and other industrial markets.
Westlake’s materials portfolio includes chlor-alkali and derivative chemicals, polyethylene, PVC, vinyl intermediates, epoxy resins, and other specialty products. These materials are used in applications such as water treatment, coatings, adhesives, plastics, medical products, and packaging.
Through its housing and infrastructure businesses, Westlake also produces building products including vinyl siding, trim, roofing products, pipe, fittings, and related components.
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