Evercore Partners Lowers World Fuel Services Corp. Price Target to $40.00 (INT)
Evercore Partners decreased their price target on shares of World Fuel Services Corp. (NYSE:INT) from $43.00 to $40.00 in a research note issued on Thursday, American Banking and Market News reports. The firm currently has an “equal weight” rating on the stock. Evercore Partners’ target price would suggest a potential upside of 4.85% from the stock’s previous close.
Shares of World Fuel Services Corp. (NYSE:INT) traded down 3.66% during mid-day trading on Thursday, hitting $38.15. The stock had a trading volume of 1,670,460 shares. World Fuel Services Corp. has a 1-year low of $33.65 and a 1-year high of $45.20. The stock’s 50-day moving average is $37.75 and its 200-day moving average is $39.04. The company has a market cap of $2.776 billion and a price-to-earnings ratio of 14.67.
World Fuel Services Corp. (NYSE:INT) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.81 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.70 by $0.11. The company had revenue of $10.49 billion for the quarter, compared to the consensus estimate of $10.87 billion. During the same quarter last year, the company posted $0.81 earnings per share. World Fuel Services Corp.’s revenue was up 5.9% compared to the same quarter last year. Analysts expect that World Fuel Services Corp. will post $2.82 EPS for the current fiscal year.
Separately, analysts at Zacks upgraded shares of World Fuel Services Corp. from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, October 8th. They now have a $42.40 price target on the stock. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $42.85.
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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