Shares of World Fuel Services Corporation (NYSE:INT) have been assigned an average broker rating score of 2.00 (Buy) from the two brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. World Fuel Services Corporation’s rating score has improved by 33.3% in the last three months as a result of a number of analysts’ ratings changes.
Analysts have set a 12-month consensus target price of $48.00 for the company and are anticipating that the company will post $0.62 earnings per share for the current quarter, according to Zacks. Zacks has also assigned World Fuel Services Corporation an industry rank of 196 out of 265 based on the ratings given to related companies.
A number of brokerages recently weighed in on INT. Stifel Nicolaus raised shares of World Fuel Services Corporation from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research report on Friday, November 4th. They noted that the move was a valuation call. Zacks Investment Research cut shares of World Fuel Services Corporation from a “hold” rating to a “strong sell” rating in a research report on Monday, October 31st.
Shares of World Fuel Services Corporation (NYSE:INT) opened at 45.91 on Wednesday. The firm has a market capitalization of $3.23 billion, a PE ratio of 17.17 and a beta of 1.12. The stock’s 50 day moving average price is $44.85 and its 200-day moving average price is $45.34. World Fuel Services Corporation has a 52-week low of $35.13 and a 52-week high of $51.01.
World Fuel Services Corporation (NYSE:INT) last issued its earnings results on Thursday, October 27th. The company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.12. The firm earned $7.40 billion during the quarter, compared to the consensus estimate of $7.11 billion. World Fuel Services Corporation had a net margin of 0.68% and a return on equity of 10.92%. The company’s revenue was down 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.86 earnings per share. Equities research analysts anticipate that World Fuel Services Corporation will post $2.50 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 6th. Investors of record on Friday, December 16th will be given a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, December 14th. This represents a $0.24 dividend on an annualized basis and a yield of 0.52%. World Fuel Services Corporation’s dividend payout ratio (DPR) is presently 9.49%.
Large investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC acquired a new stake in shares of World Fuel Services Corporation during the third quarter worth approximately $103,000. LS Investment Advisors LLC boosted its stake in shares of World Fuel Services Corporation by 72.6% in the second quarter. LS Investment Advisors LLC now owns 4,226 shares of the company’s stock worth $201,000 after buying an additional 1,777 shares during the last quarter. Kalos Management Inc. acquired a new stake in shares of World Fuel Services Corporation during the second quarter worth approximately $207,000. LSV Asset Management acquired a new stake in shares of World Fuel Services Corporation during the third quarter worth approximately $203,000. Finally, Stevens Capital Management LP acquired a new stake in shares of World Fuel Services Corporation during the second quarter worth approximately $222,000. 88.50% of the stock is owned by hedge funds and other institutional investors.
World Fuel Services Corporation Company Profile
World Fuel Services Corporation is a fuel logistics, transaction management and payment processing company. The Company operates through three segments: aviation, marine and land. The aviation segment offers fuel and related services to commercial airlines second and third-tier airlines, cargo carriers, regional carriers, airports, fixed based operators, corporate fleets, fractional operators, private aircraft and military fleets.
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