11 Undervalued Chemical Stocks to Buy Now

9. Westlake Corporation (NYSE:WLK)

Forward P/E: 15.60

Number of Hedge Fund Holders: 34

Westlake Corporation (NYSE:WLK) is a global diversified industrial company that manufactures and supplies chemicals, polymers, and building products for use in various consumer and industrial markets like housing and infrastructure, packaging, healthcare, automotive, and consumer goods. The company’s products and solutions are used in food packaging, medical devices, soaps and detergents, car interiors, fashion, toys, shoes, furniture, electronics, siding, stone veneer, windows, outdoor living, roofing, and pipe & fittings. Westlake Corporation (NYSE: WLK) ranks among the best chemical stocks to buy now.

On March 28, Truist Securities lowered its price target on Westlake Corporation (NYSE:WLK) from $166 to $155 and maintained a “Buy” rating. Analyst Peter Osterland revised estimates to reflect a “more conservative outlook” for the company’s performance in its Performance Materials (PEM) segment, especially in the first half of 2025. The more cautious outlook is partly driven by input cost pressure and outage-related expenses. Despite this change, the analyst remains positive about the company’s fundamentals and believes that the current stock price doesn’t fully reflect the company’s strengths. According to Osterland, these strengths of Westlake Corporation (NYSE:WLK) include its integrated portfolio, diversification into building products, and strong balance sheet.