According to
Zen Ratings, our proprietary rating system that evaluates 115 factors proven to drive growth in stocks and assigns each stock in our system an overall letter grade as well as 7 individual Component Grades for Value, Growth, Momentum, Sentiment, Safety, Financials, and proprietary AI algorithms, the 3 best chemical stocks to buy right now are:
1. Westlake Chemical Partners (NYSE:WLKP)
The Component Grade breakdown for Westlake Chemical Partners (NYSE:WLKP) is: Value: B, Growth: C, Momentum: C, Sentiment: C, Safety: C, Financials: A, and AI: B.
Westlake Chemical Partners (NYSE:WLKP) has a Due Diligence Score of 28, which is equal to the chemical industry average of 28.
WLKP passed 12 out of 38 due diligence checks and has average fundamentals. Westlake Chemical Partners has seen its stock return 5.86% over the past year, overperforming other chemical stocks by 56 percentage points.
2. Valhi (NYSE:VHI)
Valhi (NYSE:VHI) is the #2 top chemical stock out of 17 with a Zen Rating of B. Stocks with a rating of B have had an average return of +19.88% per year.
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The Component Grade breakdown for Valhi (NYSE:VHI) is: Value: B, Growth: C, Momentum: C, Sentiment: B, Safety: C, Financials: C, and AI: B.
Valhi (NYSE:VHI) has a Due Diligence Score of 42, which is 14 points higher than the chemical industry average of 28.
VHI passed 15 out of 38 due diligence checks and has strong fundamentals. Valhi has seen its stock return 6.4% over the past year, overperforming other chemical stocks by 56 percentage points.
3. Methanex (NASDAQ:MEOH)
Methanex (NASDAQ:MEOH) is the #3 top chemical stock out of 17 with a Zen Rating of B. Stocks with a rating of B have had an average return of +19.88% per year.
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The Component Grade breakdown for Methanex (NASDAQ:MEOH) is: Value: A, Growth: B, Momentum: D, Sentiment: C, Safety: C, Financials: C, and AI: B.
Methanex (NASDAQ:MEOH) has a Due Diligence Score of 48, which is 20 points higher than the chemical industry average of 28.
MEOH passed 18 out of 38 due diligence checks and has strong fundamentals. Methanex has seen its stock lose -42.3% over the past year, overperforming other chemical stocks by 8 percentage points.
Methanex has an average 1 year
price target of $49.50, an upside of 80% from Methanex's current stock price of $27.50.
Methanex stock has a consensus Buy recommendation according to Wall Street analysts. Of the 8 analysts covering Methanex, 12.5% have issued a Strong Buy rating, 37.5% have issued a Buy, 50% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.