5 Undervalued Stocks to Buy Today

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In this article, we discuss the 5 undervalued stocks to buy today. If you want to read our detailed analysis of these stocks, go directly to the 10 Undervalued Stocks to Buy Today.

5. Westlake Chemical Corporation (NYSE:WLK)

Number of Hedge Fund Holders: 35     

PE Ratio: 8.91

Westlake Chemical Corporation (NYSE:WLK) is a commodity chemicals firm. Wells Fargo analyst Michael Sison recently raised the price target on the stock to $130 from $125 and kept an Overweight rating on the shares, noting the “record quarter” for earnings and improved guidance as some of the catalysts that will provide the firm with increased momentum heading into the new year. 

Westlake Chemical Corporation (NYSE:WLK) also recently announced that it would acquire assets from Boral, a building materials firm, for $2 billion. The purchase is part of a diversification strategy of the company given recent improved margins. 

At the end of the second quarter of 2021, 35 hedge funds in the database of Insider Monkey held stakes worth $269 million in Westlake Chemical Corporation (NYSE:WLK), up from 26 in the previous quarter worth $410 million.

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