World Fuel Services (NYSE:INT) Upgraded to “Buy” by StockNews.com

Posted by on Jun 20th, 2023

World Fuel Services (NYSE:INT – Get Rating) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Tuesday.

Separately, TheStreet upgraded shares of World Fuel Services from a “c+” rating to a “b-” rating in a research report on Thursday, April 27th.

World Fuel Services Price Performance

The firm’s 50 day moving average price is $24.10 and its two-hundred day moving average price is $26.14. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 13.78, a P/E/G ratio of 2.24 and a beta of 1.27. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.11 and a quick ratio of 0.96. World Fuel Services has a 1 year low of $19.29 and a 1 year high of $30.65.

World Fuel Services (NYSE:INT – Get Rating) last announced its earnings results on Thursday, April 27th. The oil and gas company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. World Fuel Services had a net margin of 0.19% and a return on equity of 6.30%. The company had revenue of $12.48 billion during the quarter, compared to analyst estimates of $13.53 billion. During the same period in the previous year, the business earned $0.42 earnings per share. On average, analysts expect that World Fuel Services will post 2.17 earnings per share for the current year.

Hedge Funds Weigh In On World Fuel Services

A number of institutional investors have recently bought and sold shares of the stock. Arizona State Retirement System raised its stake in World Fuel Services by 2.0% in the fourth quarter. Arizona State Retirement System now owns 17,471 shares of the oil and gas company’s stock worth $477,000 after buying an additional 347 shares in the last quarter. SummerHaven Investment Management LLC grew its holdings in shares of World Fuel Services by 1.1% during the fourth quarter. SummerHaven Investment Management LLC now owns 36,385 shares of the oil and gas company’s stock valued at $994,000 after buying an additional 401 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of World Fuel Services by 0.9% during the second quarter. Price T Rowe Associates Inc. MD now owns 44,844 shares of the oil and gas company’s stock valued at $918,000 after buying an additional 413 shares during the last quarter. Captrust Financial Advisors grew its holdings in shares of World Fuel Services by 18.3% during the second quarter. Captrust Financial Advisors now owns 2,708 shares of the oil and gas company’s stock valued at $56,000 after buying an additional 419 shares during the last quarter. Finally, Bank of Montreal Can grew its holdings in shares of World Fuel Services by 1.5% during the fourth quarter. Bank of Montreal Can now owns 34,182 shares of the oil and gas company’s stock valued at $936,000 after buying an additional 490 shares during the last quarter. 90.79% of the stock is owned by institutional investors.

About World Fuel Services

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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, charters, fractional operators, private aircraft, the U.S., foreign governments, intergovernmental, and military customers.

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