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NYSE: WLK
Westlake Chemical Corp Stock Forecast, Predictions & Price Target

OverviewForecast
EarningsDividendOwnership

Analyst price target for WLK

Based on 9 analysts offering 12 month price targets for Westlake Chemical Corp.
Min Forecast
$87.00-2.47%
Avg Forecast
$112.11+25.68%
Max Forecast
$134.00+50.22%

Should I buy or sell WLK stock?

Based on 10 analysts offering ratings for Westlake Chemical Corp.
Buy
Strong Buy
4 analysts 40%
Buy
1 analysts 10%
Hold
5 analysts 50%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

WLK stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
KeyBanc
Top 17%
84
HoldDowngradesN/AN/A2021-11-22
Wells Fargo
Top 13%
88
Strong BuyMaintains$130.00+45.74%2021-11-03Find out why
Bank of America
Top 36%
65
Strong BuyUpgrades$120.00+34.53%2021-10-18
Barclays
Bottom 10%
10
HoldMaintains$108.00+21.08%2021-10-05
Piper Sandler
Bottom 17%
17
Strong BuyInitiates Coverage On$109.00+22.20%2021-09-14
RBC Capital
Top 19%
82
BuyUpgrades$105.00+17.71%2021-07-21
ScotiaBank
Top 31%
70
HoldUpgrades$104.00+16.59%2021-06-21
JP Morgan
Top 9%
92
Strong BuyMaintains$134.00+50.22%2021-06-11
Deutsche Bank
Top 3%
98
HoldMaintains$112.00+25.56%2021-06-04
Anonymous
Alembic Global
Strong BuyMaintains$115.00+28.92%2021-04-12

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Forecast return on equity

Is WLK forecast to generate an efficient return?
Company
15.59%
Industry
36%
Market
46.73%
WLK's Return on Equity is forecast to be low in 3 years (15.59%); analysts are not confident in the firm's ability to efficiently generate return on equity
Forecast

Forecast return on assets

Is WLK forecast to generate an efficient return on assets?
Company
6.65%
Industry
9.45%
WLK is forecast to generate lower Return on Assets (6.65%) than the US Specialty Chemicals industry average (9.45%)
Forecast

WLK earnings per share forecast

What is WLK's earnings per share in the next 3 years based on estimates from 5 analysts?
Avg 1 year Forecast
$12.50+8.41%
Avg 2 year Forecast
$9.86-14.48%
Avg 3 year Forecast
$8.90-22.81%
WLK's earnings are forecast to grow at a rate of -5.62% per year, which is not exceptional
Forecast

WLK revenue forecast

What is WLK's revenue in the next 3 years based on estimates from 5 analysts?
Avg 1 year Forecast
$11.2B+9.82%
Avg 2 year Forecast
$12.0B+17.57%
Avg 3 year Forecast
$12.5B+22.59%
WLK's revenue is forecast to grow at a rate of 8.09% per year, which is not exceptional
Forecast

WLK earnings growth forecast

How is WLK forecast to perform vs Specialty Chemicals companies and vs the US market?
Company
-5.62%
Industry
30.59%
Market
17.66%
WLK's earnings are forecast to grow slower (-5.62% per year) than the US Specialty Chemicals industry average (30.59%)
Forecast
WLK's earnings are forecast to grow slower (-5.62% per year) than the US market average (17.66%)
Forecast
WLK's earnings are forecast to grow slower (-5.62% per year) than the risk-free savings rate (1.4%)
Forecast

WLK revenue growth forecast

How is WLK forecast to perform vs Specialty Chemicals companies and vs the US market?
Company
8.09%
Industry
6.12%
Market
10.77%
WLK's revenues are forecast to grow faster (8.09% per year) than the US Specialty Chemicals industry average (6.12%)
Forecast
WLK's revenues are forecast to grow slower (8.09% per year) than the US market average (10.77%)
Forecast

Westlake Chemical Corp Stock Forecast FAQ

Is Westlake Chemical Corp Stock a good buy in 2021, according to Wall Street analysts?

The consensus among 10 Wall Street analysts covering (NYSE: WLK) stock is to Buy WLK stock.

Out of 10 analysts, 4 (40%) are recommending WLK as a Strong Buy, 1 (10%) are recommending WLK as a Buy, 5 (50%) are recommending WLK as a Hold, 0 (0%) are recommending WLK as a Sell, and 0 (0%) are recommending WLK as a Strong Sell.

What is WLK's earnings growth forecast for 2021-2023?

(NYSE: WLK) Westlake Chemical Corp's forecast annual earnings growth rate of -5.62% is not forecast to beat the US Specialty Chemicals industry's average forecast earnings growth rate of 30.59%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 17.66%.

Westlake Chemical Corp's earnings in 2021 is $1,484,000,000.On average, 5 Wall Street analysts forecast WLK's earnings for 2021 to be $1,597,774,550, with the lowest WLK earnings forecast at $1,517,246,713, and the highest WLK earnings forecast at $1,711,536,098. On average, 6 Wall Street analysts forecast WLK's earnings for 2022 to be $1,260,324,565, with the lowest WLK earnings forecast at $1,092,877,792, and the highest WLK earnings forecast at $1,374,086,113.

In 2023, WLK is forecast to generate $1,137,615,480 in earnings, with the lowest earnings forecast at $787,383,298 and the highest earnings forecast at $1,489,125,881.

What is WLK's revenue growth forecast for 2021-2023?

(NYSE: WLK) Westlake Chemical Corp's forecast annual revenue growth rate of 8.09% is forecast to beat the US Specialty Chemicals industry's average forecast revenue growth rate of 6.12%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 10.77%.

Westlake Chemical Corp's revenue in 2021 is $10,236,000,000.On average, 5 Wall Street analysts forecast WLK's revenue for 2021 to be $1,436,873,795,580, with the lowest WLK revenue forecast at $1,359,130,943,212, and the highest WLK revenue forecast at $1,478,125,522,378. On average, 5 Wall Street analysts forecast WLK's revenue for 2022 to be $1,538,242,492,843, with the lowest WLK revenue forecast at $1,226,835,210,472, and the highest WLK revenue forecast at $1,722,656,608,828.

In 2023, WLK is forecast to generate $1,603,980,306,352 in revenue, with the lowest revenue forecast at $1,566,084,928,685 and the highest revenue forecast at $1,641,875,684,019.

What is WLK's forecast return on assets (ROA) for 2021-2023?

(NYSE: WLK) forecast ROA is 6.65%, which is lower than the forecast US Specialty Chemicals industry average of 9.45%.

What is WLK's Price Target?

According to 9 Wall Street analysts that have issued a 1 year WLK price target, the average WLK price target is $112.11, with the highest WLK stock price forecast at $134.00 and the lowest WLK stock price forecast at $87.00.

On average, Wall Street analysts predict that Westlake Chemical Corp's share price could stay at $112.11 by Nov 22, 2022. The average Westlake Chemical Corp stock price prediction forecasts a potential downside of N/A from the current WLK share price of $89.20.

What is WLK's Earnings Per Share (EPS) forecast for 2021-2023?

(NYSE: WLK) Westlake Chemical Corp's current Earnings Per Share (EPS) is $11.53. On average, analysts forecast that WLK's EPS will be $12.50 for 2021, with the lowest EPS forecast at $11.87, and the highest EPS forecast at $13.39. On average, analysts forecast that WLK's EPS will be $9.86 for 2022, with the lowest EPS forecast at $8.55, and the highest EPS forecast at $10.75. In 2023, WLK's EPS is forecast to hit $8.90 (min: $6.16, max: $11.65).

What is WLK's forecast return on equity (ROE) for 2021-2023?

(NYSE: WLK) forecast ROE is 15.59%, which is considered weak.
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