9 stories mentioning WLK
Every FINWIRES story that references WLK, newest first.
Westlake (WLK) said Monday its German unit, Westlake Vinnolit, has closed the acquisition of a polyvinyl chloride and vinyl chloride monomer production site in Wilhelmshaven, Germany.The plant, which was in insolvency administration, has the capacity to produce 380,000 metric tons of PVC annually, it said.Price: $87.80, Change: $-0.70, Percent Change: -0.80%
Westlake (WLK) has an average rating of overweight and mean price target of $116.88, according to analysts polled by FactSet.Price: $84.10, Change: $-1.15, Percent Change: -1.35%
Westlake (WLK) has an average rating of overweight and mean price target of $116.88, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Westlake's (WLK) shares were up more than 3% in Monday trading after JPMorgan upgraded the company's stock to neutral, with a price target of $90.Trading volume stood at over 750,000 shares compared with a daily average of roughly 1.3 million.Price: $91.46, Change: $+2.87, Percent Change: +3.24%
Westlake (WLK) is expected to benefit from cost reductions and pricing actions, RBC Capital Markets said in a note Friday.The report pointed to "solid" order books into Q2, with price increases offsetting higher cost, albeit with some lags."Additionally, WLK's cost reductions and pricing actions should create further uplift into Q3," the report said.The note also said the company remains confident in its ability to raise EBITDA by about $600 million from a year ago, which could rise further on an extended Hormuz closure.RBC kept its outperform rating while lowering its price target to $130 from $145.Price: $98.28, Change: $+4.43, Percent Change: +4.71%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lift our 12-month target by $22 to $83 using an EV/EBITDA multiple of 7.0x, a discount to the three-year average of 8.7x, on weaker fundamentals and continued overcapacity/demand weakness in various key end markets. Our EBITDA estimates are $1.75B in 2026 and $1.90B in 2027. We increase our 2026 EPS estimate by $2.19 to $2.23 and 2027's by $2.12 to $3.60. We remain cautious on the sustainability of current PEM pricing momentum, as the sharp improvement is largely due to Middle East supply disruptions rather than fundamental demand recovery, creating downside risk if geopolitical tensions ease. The HIP segment's guidance revision to the lower end of the range reflects our concerns about housing affordability headwinds, though infrastructure and data center demand provides a partial offset. Near-term margin compression in HIP from PVC cost/price timing lags and persistent uncertainty around housing starts (mixed signals with permits at 1.3M vs. starts at 1.5M) warrant our below-consensus EBITDA estimates.
Westlake (WLK) has an average rating of overweight and mean price target of $120.69, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:WLK reported Q1 sales of $2.65B, missing consensus by $130M, and an adjusted loss of $0.77 per share versus expected $0.24, with sales up 5% sequentially but down 7% Y/Y. Lower pricing and reduced volumes reflected persistent industry headwinds. We believe WLK faces structural challenges in PEM, where EBITDA margins remained depressed at just 2% despite sequential improvements, while HIP showed resilience with stable sales and strong 19% EBITDA margins. Management expects meaningful PEM margin expansion through summer 2026, driven by higher global feedstock costs from the Hormuz closure while North American natural gas remains advantageously priced. The company maintains a solid balance sheet with $2.5B cash against $5.6B debt, though operating cash flow was negative $94M on seasonal working capital build. We expect continued infrastructure and data center demand to benefit HIP, while residential construction headwinds from elevated rates will likely persist.
Westlake (WLK) has an average rating of overweight and mean price target of $120.25, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)