World Fuel Services (NYSE:INT) was upgraded by research analysts at ValuEngine from a "sell" rating to a "hold" rating in a note issued to investors on Thursday, ValuEngine reports.
Separately, Zacks Investment Research upgraded World Fuel Services from a "strong sell" rating to a "hold" rating in a research report on Wednesday, June 3rd.
Shares of NYSE INT opened at $25.76 on Thursday. The business has a fifty day simple moving average of $25.27 and a 200 day simple moving average of $30.97. The company has a current ratio of 1.68, a quick ratio of 1.52 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of 9.30, a PEG ratio of 3.85 and a beta of 1.10. World Fuel Services has a one year low of $20.04 and a one year high of $44.37.
World Fuel Services (NYSE:INT) last issued its earnings results on Thursday, April 30th. The oil and gas company reported $0.67 EPS for the quarter, beating analysts' consensus estimates of $0.40 by $0.27. World Fuel Services had a return on equity of 10.27% and a net margin of 0.51%. The business had revenue of $8.02 billion during the quarter, compared to analyst estimates of $7.71 billion. During the same period in the prior year, the company posted $0.50 earnings per share. World Fuel Services's revenue was down 7.6% on a year-over-year basis. On average, research analysts anticipate that World Fuel Services will post 1.32 earnings per share for the current fiscal year.
World Fuel Services announced that its Board of Directors has approved a stock repurchase program on Monday, March 16th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the oil and gas company to buy up to 11.3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its shares are undervalued.
Several hedge funds have recently made changes to their positions in INT. First Trust Advisors LP bought a new stake in shares of World Fuel Services during the first quarter worth $473,000. Victory Capital Management Inc. grew its holdings in shares of World Fuel Services by 1.1% during the fourth quarter. Victory Capital Management Inc. now owns 718,368 shares of the oil and gas company's stock worth $31,192,000 after purchasing an additional 7,794 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of World Fuel Services by 16.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 20,735 shares of the oil and gas company's stock worth $900,000 after purchasing an additional 2,987 shares during the last quarter. Great West Life Assurance Co. Can bought a new stake in shares of World Fuel Services during the fourth quarter worth $2,219,000. Finally, Panagora Asset Management Inc. grew its holdings in shares of World Fuel Services by 36.4% during the fourth quarter. Panagora Asset Management Inc. now owns 382,705 shares of the oil and gas company's stock worth $16,617,000 after purchasing an additional 102,056 shares during the last quarter. Institutional investors own 93.04% of the company's stock.
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 supplies fuel, and related products and services to commercial airlines, second and third tier airlines, cargo carriers, regional and low-cost carriers, airports, fixed based operators, corporate fleets, fractional operators, private aircraft, military fleets, the U.S.
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