Westlake Chemical Corporation WLKstock looks promising at the moment. The company has seen its shares rally roughly 28% over the past six months. We are positive on the company’s prospects and believe that the time is right for you to add the stock to portfolio as it looks promising and is poised to carry the momentum ahead.
Let’s take a look into the factors that make this chemical company an attractive investment option.
What’s Working in Favor of WLK?
Solid Rank & VGM Score:Westlake Chemical currently has a Zacks Rank #1 (Strong Buy) and a VGM Scoreof B. Our research shows that stocks with a VGM Score of A or B combined with a Zacks Rank #1 or #2 (Buy), offer the best investment opportunities for investors. Thus, the company appears to be a compelling investment proposition at the moment.
An Outperformer:Westlake Chemical has trounced the industryit belongs to over a year. The company’s shares have shot up around 91.8% over this period, compared with roughly 53.5% gain recorded by the industry. The company is benefiting from healthy demand for olefins and vinyls products and the Axiall acquisition.