ValuEngine Downgrades World Fuel Services (NYSE:INT) to Hold

World Fuel Services (NYSE:INT) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Thursday, ValuEngine reports.

A number of other equities analysts also recently weighed in on the company. Zacks Investment Research upgraded World Fuel Services from a “hold” rating to a “strong-buy” rating and set a $42.00 target price on the stock in a report on Wednesday, July 3rd. Stifel Nicolaus upped their target price on World Fuel Services from $40.00 to $43.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, TheStreet upgraded World Fuel Services from a “c+” rating to a “b-” rating in a report on Tuesday, July 16th. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $41.67.

INT stock traded down $0.90 during mid-day trading on Thursday, reaching $37.33. 458,129 shares of the stock traded hands, compared to its average volume of 510,354. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.16 and a current ratio of 1.35. World Fuel Services has a 52-week low of $19.81 and a 52-week high of $39.92. The stock has a market capitalization of $2.55 billion, a P/E ratio of 17.69, a P/E/G ratio of 3.31 and a beta of 1.17. The stock has a fifty day moving average of $35.95.

World Fuel Services (NYSE:INT) last posted its quarterly earnings data on Thursday, July 25th. The oil and gas company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.04. World Fuel Services had a net margin of 0.38% and a return on equity of 8.76%. The company had revenue of $9.46 billion during the quarter, compared to analyst estimates of $9.77 billion. During the same period in the prior year, the firm earned $0.47 earnings per share. The business’s quarterly revenue was down 6.8% on a year-over-year basis. Research analysts forecast that World Fuel Services will post 2.36 earnings per share for the current year.

In other news, EVP Robert Alexander Lake sold 4,500 shares of the company’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $38.96, for a total value of $175,320.00. Following the transaction, the executive vice president now owns 50,122 shares in the company, valued at approximately $1,952,753.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director J Thomas Presby sold 13,078 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $29.23, for a total value of $382,269.94. The disclosure for this sale can be found here. Insiders sold a total of 22,078 shares of company stock worth $714,685 in the last quarter. 2.40% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Yorktown Management & Research Co Inc acquired a new position in shares of World Fuel Services in the 2nd quarter valued at about $507,000. Swiss National Bank increased its holdings in World Fuel Services by 1.7% in the second quarter. Swiss National Bank now owns 124,600 shares of the oil and gas company’s stock worth $4,481,000 after buying an additional 2,100 shares during the last quarter. Envestnet Asset Management Inc. acquired a new position in World Fuel Services in the second quarter worth approximately $218,000. Hussman Strategic Advisors Inc. acquired a new position in World Fuel Services in the second quarter worth approximately $1,798,000. Finally, Aperio Group LLC increased its holdings in World Fuel Services by 111.1% in the second quarter. Aperio Group LLC now owns 25,378 shares of the oil and gas company’s stock worth $913,000 after buying an additional 13,359 shares during the last quarter. Institutional investors own 91.34% 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.

See Also: What are CEFs?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for World Fuel Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for World Fuel Services and related companies with MarketBeat.com's FREE daily email newsletter.