Zacks Upgrades World Fuel Services Corp. to Outperform (INT)
World Fuel Services Corp. (NYSE:INT) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued to investors on Tuesday, StockRatingsNetwork reports. The firm currently has a $48.40 price objective on the stock. Zacks‘ price objective points to a potential upside of 8.20% from the company’s current price.
Separately, analysts at Evercore Partners cut their price target on shares of World Fuel Services Corp. from $43.00 to $40.00 in a research note to investors on Thursday, October 31st. They now have an “equal weight” rating on the stock.
Shares of World Fuel Services Corp. (NYSE:INT) traded up 0.76% during mid-day trading on Tuesday, hitting $45.06. 210,245 shares of the company’s stock traded hands. World Fuel Services Corp. has a 52 week low of $34.57 and a 52 week high of $45.20. The stock has a 50-day moving average of $41.94 and a 200-day moving average of $39.25. The company has a market cap of $3.256 billion and a price-to-earnings ratio of 16.56.
World Fuel Services Corp. (NYSE:INT) last announced its earnings results on Wednesday, October 30th. The company reported $0.81 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.81 earnings per share. The company’s quarterly revenue was up 5.9% on a year-over-year basis. Analysts expect that World Fuel Services Corp. will post $2.79 EPS for the current fiscal year.
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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