Westlake Corp (NYSE: WLK) has recently experienced extremely important negative changes in fundamentals: significant quarterly sales deceleration occurred, significant quarterly earnings deceleration occurred, the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2023 decreased significantly.
In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
WLK’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Westlake has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Westlake has a slightly positive Power Rating of 69 and a good Appreciation Score of 78, resulting in the Highest Value Trend Rating.
Recent Price Action
Westlake Corp (NYSE: WLK) stock declined slightly by -0.2% on 12/8/23. The stock closed at $129.25. However, trading volume in this decline was unusually low at 56% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 0.7% during the last week.
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