Alert: Negative Investment/Fundamental Signals (11/10/23)-Westlake Corp (NYSE: WLK)


Recent extremely significant negative changes in fundamentals have affected Westlake Corp (NYSE: WLK): 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.

Important negative changes in Westlake Corp (NYSE: WLK) investment behavior have recently occurred. Negative developments: its longer term price trend turned down, and negative upside/downside volume developed. Positive development: the stock’s recent price rise disrupted its longer term downtrend.

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

With future capital returns forecasted to be above the cost of capital, WLK is expected to continue to be a modest Value Builder.

Westlake has a current Value Trend Rating of A (Highest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Westlake has a slightly positive Power Rating of 69 and a good Appreciation Score of 78, producing the Highest Value Trend Rating.

Recent Price Action

Westlake Corp (NYSE: WLK) stock enjoyed a large increase of 2.5% on 11/10/23. The stock closed at $121.98. The stock has risen 0.8% during the last week and has been strong relative to the market over the last nine months.

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