World Fuel Services Corp. (NYSE:INT) shares saw an uptick in trading volume on Wednesday . 299,769 shares were traded during trading, an increase of 21% from the previous session’s volume of 248,502 shares.The stock last traded at $46.38 and had previously closed at $45.43.
A number of brokerages have weighed in on INT. Zacks Investment Research raised World Fuel Services Corp. from a “hold” rating to a “strong-buy” rating and set a $55.00 price target on the stock in a research report on Tuesday, July 5th. Stifel Nicolaus initiated coverage on World Fuel Services Corp. in a research report on Tuesday, August 23rd. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $50.00.
The stock has a market cap of $3.25 billion and a P/E ratio of 17.21. The company’s 50-day moving average is $45.82 and its 200-day moving average is $46.65.
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World Fuel Services Corp. (NYSE:INT) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.07. The company had revenue of $6.63 billion for the quarter, compared to the consensus estimate of $6.28 billion. World Fuel Services Corp.’s revenue for the quarter was down 21.9% compared to the same quarter last year. During the same period last year, the company earned $0.53 EPS. On average, analysts expect that World Fuel Services Corp. will post $2.70 EPS for the current fiscal year.
In related news, CEO Michael J. Kasbar sold 25,950 shares of the firm’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $46.38, for a total value of $1,203,561.00. Following the transaction, the chief executive officer now owns 832,581 shares of the company’s stock, valued at approximately $38,615,106.78. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Carlos M. Velazquez sold 599 shares of the firm’s stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $45.21, for a total transaction of $27,080.79. Following the completion of the transaction, the senior vice president now directly owns 7,094 shares in the company, valued at approximately $320,719.74. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.
World Fuel Services Corporation is a fuel logistics, transaction management and payment processing company. The Company operates through three segments: aviation, marine and land. The aviation segment offers fuel and related services to commercial airlines second and third-tier airlines, cargo carriers, regional carriers, airports, fixed based operators, corporate fleets, fractional operators, private aircraft and military fleets.
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