World Fuel Services Corp. Upgraded to Outperform at Zacks (INT)
World Fuel Services Corp. (NYSE:INT) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued on Tuesday, Stock Ratings Network.com reports. The firm currently has a $42.40 price target on the stock. Zacks‘ price target would suggest a potential upside of 15.12% from the company’s current price.
Shares of World Fuel Services Corp. (NYSE:INT) traded down 1.42% on Tuesday, hitting $36.83. 233,438 shares of the company’s stock traded hands. World Fuel Services Corp. has a one year low of $33.65 and a one year high of $45.20. The stock’s 50-day moving average is $37.75 and its 200-day moving average is $39.10. The company has a market cap of $2.680 billion and a P/E ratio of 13.84.
World Fuel Services Corp. (NYSE:INT) last released its earnings data on Wednesday, July 31st. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.12. The company had revenue of $10.48 billion for the quarter, compared to the consensus estimate of $10.24 billion. During the same quarter in the previous year, the company posted $0.74 earnings per share. The company’s revenue for the quarter was up 9.0% on a year-over-year basis.
World Fuel Services Corporation is a global fuel logistics company. Its aviation segment offers fuel and related services to commercial airlines, second and third-tier airlines, cargo carriers, carriers, airports, fixed-based operators, corporate fleets, fractional operators, private aircraft, military fleets and to the United States and foreign governments.
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