Analysts Set Westlake Corporation (NYSE:WLK) Price Target at $93.92

Shares of Westlake Corporation (NYSE:WLK) have been given a consensus rating of “Hold” by the fifteen research firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $93.9231.

A number of brokerages have commented on WLK. Royal Bank Of Canada restated an “outperform” rating and issued a $95.00 target price (up from $89.00) on shares of Westlake in a research note on Thursday, August 6th. Truist Financial dropped their price target on Westlake from $127.00 to $104.00 and set a “buy” rating on the stock in a research report on Monday, July 20th. The Goldman Sachs Group set a $85.00 price target on Westlake in a report on Thursday, July 16th. Morgan Stanley reduced their price objective on Westlake from $106.00 to $92.00 and set an “equal weight” rating for the company in a research report on Thursday, July 2nd. Finally, Mizuho lowered their price objective on Westlake from $110.00 to $88.00 and set a “neutral” rating for the company in a research note on Wednesday, July 1st.

Trending Headlines about Westlake

Here are the key news stories impacting Westlake this week:

• Positive Sentiment: Zacks Research upgraded Westlake from “Strong Sell” to “Hold,” reducing the severity of its prior bearish stance. Zacks Research rating update
• Positive Sentiment: Zacks raised its Westlake EPS forecasts for the second quarter of 2027 to $0.99 from $0.66 and for the fourth quarter of 2027 to $0.56 from $0.14. It also increased its full-year 2027 forecast to $2.40 from $1.96, suggesting potential improvement in some periods. Westlake earnings forecast
• Neutral Sentiment: A Zacks analysis recommends retaining WLK, citing growth in Westlake’s Housing, Infrastructure and Performance (“HIP”) businesses and the potential benefits of acquisitions. However, the article says housing weakness, operational risks and global pressures make the outlook uncertain. Why retain Westlake stock
• Negative Sentiment: Zacks continues to project earnings below broader consensus, forecasting fiscal 2026 EPS of $2.78 versus the $3.35 consensus estimate. Its fiscal 2028 EPS forecast was cut to $1.60 from $2.00.
• Negative Sentiment: Several estimates were reduced, including third-quarter 2027 EPS to $0.34 from $0.73 and first-quarter 2028 EPS to a loss of $0.37 from a loss of $0.02. The continued “Strong Sell” outlook in the detailed forecasts and expectations for weak or negative earnings in certain quarters likely weigh on sentiment. Westlake analyst estimates

Insider Activity at Westlake

In related news, Chairman Albert Chao sold 38,873 shares of Westlake stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $80.28, for a total value of $3,120,724.44. Following the sale, 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 position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Westlake

Large investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd acquired a new position in shares of Westlake during the third quarter worth approximately $28,000. Quarry LP acquired a new stake in Westlake in the 4th quarter valued at approximately $31,000. Fifth Third Bancorp increased its position in Westlake by 71.3% in the 4th quarter. Fifth Third Bancorp now owns 562 shares of the specialty chemicals company’s stock valued at $42,000 after acquiring an additional 234 shares during the period. CIBC Private Wealth Group LLC acquired a new stake in Westlake in the 3rd quarter valued at approximately $53,000. Finally, NewEdge Advisors LLC raised its stake in Westlake by 49.6% during the 2nd quarter. NewEdge Advisors LLC now owns 745 shares of the specialty chemicals company’s stock valued at $57,000 after acquiring an additional 247 shares in the last quarter. Institutional investors and hedge funds own 28.40% of the company’s stock.

Westlake Trading Down 0.8%

Westlake stock opened at $74.05 on Tuesday. The firm’s 50-day moving average is $76.17 and its 200-day moving average is $93.07. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.70 and a current ratio of 2.45. Westlake has a 1 year low of $56.33 and a 1 year high of $124.23. The company has a market cap of $9.46 billion, a P/E ratio of -7.73 and a beta of 0.63.

Westlake (NYSE:WLK) last posted its quarterly earnings results on Tuesday, August 4th. The specialty chemicals company reported $2.01 EPS for the quarter, beating the consensus estimate of $1.83 by $0.18. The business had revenue of $3.27 billion during the quarter, compared to analyst estimates of $3.24 billion. Westlake had a negative net margin of 10.94% and a positive return on equity of 0.93%. The company’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the business posted ($1.11) EPS. On average, equities analysts expect that Westlake will post 3.35 earnings per share for the current year.

Westlake Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Tuesday, August 25th will be issued a dividend of $0.533 per share. This represents a $2.13 annualized dividend and a dividend yield of 2.9%. This is a positive change from Westlake’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Tuesday, August 25th. Westlake’s dividend payout ratio is presently -22.23%.

About Westlake

Westlake Corp. is a global manufacturer of petrochemicals, polymers and building products, serving customers across industrial and residential markets. The company’s core operations encompass the production of vinyls—primarily polyvinyl chloride (PVC) and its key feedstock vinyl chloride monomer (VCM)—as well as chlor-alkali products including caustic soda and chlorine. In addition, Westlake produces ethylene, propylene and specialty elastomers, along with construction-related materials such as vinyl siding, trim, windows and roofing systems.

Operating a network of vertically integrated plants and distribution centers, Westlake serves markets in North America, Europe and Asia.