We believe that Westlake Chemical Corporation (WLK - Free Report) is a solid choice for investors seeking exposure in the chemical space. Its solid product offerings, strengthening demand, synergistic benefits from acquired assets and expansionary efforts bode well for the future.
The stock has been upgraded to a Zacks Rank #1 (Strong Buy) on Oct 13.
Why the Upgrade?
Sentiments have been positive for Westlake Chemical, as evident from 50.9% rally in its share price since the beginning of the year. The stock has outperformed 15.4% gain recorded by the industry it belongs to over the same period.
Also, the company’s earnings estimates for 2017 have been revised upward by one analyst, while that for 2018 has been increased by three. Currently, earnings estimates are pegged at $4.84 for 2017 and $5.72 for 2018, reflecting increase of 6.6% and 11.7% over their respective 60-day old estimates.
Westlake Chemical Corporation Price and Consensus
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
We believe that Westlake Chemical Corporation (WLK - Free Report) is a solid choice for investors seeking exposure in the chemical space. Its solid product offerings, strengthening demand, synergistic benefits from acquired assets and expansionary efforts bode well for the future.
The stock has been upgraded to a Zacks Rank #1 (Strong Buy) on Oct 13.
Why the Upgrade?
Sentiments have been positive for Westlake Chemical, as evident from 50.9% rally in its share price since the beginning of the year. The stock has outperformed 15.4% gain recorded by the industry it belongs to over the same period.
Also, the company’s earnings estimates for 2017 have been revised upward by one analyst, while that for 2018 has been increased by three. Currently, earnings estimates are pegged at $4.84 for 2017 and $5.72 for 2018, reflecting increase of 6.6% and 11.7% over their respective 60-day old estimates.
Westlake Chemical Corporation Price and Consensus
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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