ValuEngine upgraded shares of World Fuel Services (NYSE:INT) from a sell rating to a hold rating in a report issued on Monday, February 4th.
Separately, Zacks Investment Research raised World Fuel Services from a hold rating to a buy rating and set a $23.00 target price on the stock in a research report on Wednesday, December 26th. One analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. World Fuel Services currently has an average rating of Hold and a consensus target price of $27.50.
INT stock opened at $28.23 on Monday. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of 13.38, a price-to-earnings-growth ratio of 2.43 and a beta of 1.04. World Fuel Services has a 1-year low of $19.78 and a 1-year high of $33.17. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.11 and a current ratio of 1.32.
World Fuel Services (NYSE:INT) last issued its quarterly earnings results on Thursday, February 21st. The oil and gas company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. The company had revenue of $9.99 billion for the quarter, compared to analyst estimates of $10.40 billion. World Fuel Services had a return on equity of 8.05% and a net margin of 0.32%. The company’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.25 earnings per share. Analysts predict that World Fuel Services will post 2.32 earnings per share for the current year.
Several institutional investors have recently bought and sold shares of INT. PNC Financial Services Group Inc. grew its position in shares of World Fuel Services by 67.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,170 shares of the oil and gas company’s stock valued at $25,000 after purchasing an additional 470 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of World Fuel Services by 2,041.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 578,070 shares of the oil and gas company’s stock valued at $27,000 after buying an additional 551,070 shares during the period. Eukles Asset Management bought a new stake in shares of World Fuel Services in the fourth quarter valued at approximately $100,000. NumerixS Investment Technologies Inc bought a new stake in shares of World Fuel Services in the fourth quarter valued at approximately $125,000. Finally, Quantamental Technologies LLC bought a new stake in shares of World Fuel Services in the fourth quarter valued at approximately $191,000. 89.69% of the stock is currently owned by institutional investors.
About World Fuel Services
World Fuel Services Corporation engages in the distribution of fuel, and related products and services in the aviation, marine, and land transportation industries worldwide. Its Aviation segment offers fuel management; price risk management; ground handling; dispatch; and international trip planning services, such as flight plans, weather reports, and overflight permits.
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