World Fuel Services Corp (NYSE:INT) has earned a consensus rating of “Hold” from the six brokerages that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $32.00.
A number of equities analysts have recently issued reports on the company. ValuEngine downgraded World Fuel Services from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 2nd. Zacks Investment Research raised World Fuel Services from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 28th. TheStreet raised World Fuel Services from a “d+” rating to a “c-” rating in a research note on Tuesday. Finally, Bank of America cut their target price on World Fuel Services from $25.00 to $24.00 and set an “underperform” rating for the company in a research note on Friday, July 27th.
Shares of INT stock traded up $0.03 during trading hours on Friday, reaching $28.56. 265,700 shares of the company’s stock were exchanged, compared to its average volume of 777,021. The company has a market cap of $1.95 billion, a price-to-earnings ratio of 15.35, a price-to-earnings-growth ratio of 2.87 and a beta of 1.19. World Fuel Services has a 1 year low of $19.78 and a 1 year high of $36.64. The company has a current ratio of 1.35, a quick ratio of 1.17 and a debt-to-equity ratio of 0.41.
World Fuel Services (NYSE:INT) last issued its earnings results on Thursday, July 26th. The oil and gas company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.02. The business had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.49 billion. World Fuel Services had a positive return on equity of 6.90% and a negative net margin of 0.47%. The company’s revenue for the quarter was up 25.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.50 EPS. equities analysts forecast that World Fuel Services will post 2 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 12th. Investors of record on Friday, September 21st will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend is Thursday, September 20th. World Fuel Services’s payout ratio is currently 12.90%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in INT. Rhumbline Advisers increased its stake in World Fuel Services by 23.1% in the 1st quarter. Rhumbline Advisers now owns 150,466 shares of the oil and gas company’s stock valued at $3,694,000 after purchasing an additional 28,269 shares in the last quarter. Swiss National Bank grew its holdings in World Fuel Services by 2.6% during the 1st quarter. Swiss National Bank now owns 119,100 shares of the oil and gas company’s stock valued at $2,924,000 after buying an additional 3,000 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in World Fuel Services by 17.9% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 709,407 shares of the oil and gas company’s stock valued at $17,416,000 after buying an additional 107,757 shares during the last quarter. BlackRock Inc. grew its holdings in World Fuel Services by 1.1% during the 1st quarter. BlackRock Inc. now owns 5,863,726 shares of the oil and gas company’s stock valued at $143,955,000 after buying an additional 62,111 shares during the last quarter. Finally, Artisan Partners Limited Partnership grew its holdings in World Fuel Services by 4.1% during the 1st quarter. Artisan Partners Limited Partnership now owns 3,152,080 shares of the oil and gas company’s stock valued at $77,384,000 after buying an additional 123,406 shares during the last quarter. 95.18% of the stock is owned by hedge funds and other institutional investors.
World Fuel Services Company Profile
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.
See Also: Stop Order Uses For Individual Investors
Receive News & Ratings for World Fuel Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for World Fuel Services and related companies with MarketBeat.com's FREE daily email newsletter.