UBS Maintains a 'Sell' on Westlake Chemical (WLK); Volumes and Vinyls Rebound
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Price: $94.17 +1.82%
Rating Summary:
1 Buy, 6 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 19 | Down: 35 | New: 12
Rating Summary:
1 Buy, 6 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 19 | Down: 35 | New: 12
Trade WLK Now!
UBS maintains a 'Sell' on Westlake Chemical (NYSE: WLK) price target raised from $52 to $54.
Analyst, Andrew W. Cash, said, "WLK reported EPS of $1.31 in 1Q, ahead of the Consensus estimate of $1.22 and our estimate of $1.23. The company’s result included a $14 million or $0.21/s FIFO headwind. Volumes for olefins/polyolefins were especially strong and the Vinyls segment rebounded from a 4Q loss to post operating earnings of $21 million. Revenues were $1.03 billion were up 1.9% from 2011 and overall company sales volumes were up 13.8% for all products."
UBS raises FY12 EPS estimate from $5.00 to $5.15, but lowers FY13 from $5.90 to $5.80.
For an analyst ratings summary and ratings history on Westlake Chemical click here. For more ratings news on Westlake Chemical click here.
Shares of Westlake Chemical closed at $59.69 yesterday, with a 52 week range of $31.26-$66.92.
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Analyst, Andrew W. Cash, said, "WLK reported EPS of $1.31 in 1Q, ahead of the Consensus estimate of $1.22 and our estimate of $1.23. The company’s result included a $14 million or $0.21/s FIFO headwind. Volumes for olefins/polyolefins were especially strong and the Vinyls segment rebounded from a 4Q loss to post operating earnings of $21 million. Revenues were $1.03 billion were up 1.9% from 2011 and overall company sales volumes were up 13.8% for all products."
UBS raises FY12 EPS estimate from $5.00 to $5.15, but lowers FY13 from $5.90 to $5.80.
For an analyst ratings summary and ratings history on Westlake Chemical click here. For more ratings news on Westlake Chemical click here.
Shares of Westlake Chemical closed at $59.69 yesterday, with a 52 week range of $31.26-$66.92.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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