World Fuel Services (NYSE:INT) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Sunday.

A number of other analysts also recently issued reports on the company. Bank of America downgraded World Fuel Services from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $41.00 to $36.00 in a research report on Tuesday, September 26th. Zacks Investment Research raised World Fuel Services from a “sell” rating to a “hold” rating in a research report on Tuesday, December 26th. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $36.00.

Shares of World Fuel Services (NYSE INT) opened at $28.14 on Friday. The company has a market capitalization of $1,902.79, a price-to-earnings ratio of 80.40, a P/E/G ratio of 2.55 and a beta of 0.93. World Fuel Services has a fifty-two week low of $25.80 and a fifty-two week high of $47.49. The company has a current ratio of 1.63, a quick ratio of 1.42 and a debt-to-equity ratio of 0.58.

World Fuel Services (NYSE:INT) last released its earnings results on Thursday, October 26th. The oil and gas company reported $0.60 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.60. World Fuel Services had a return on equity of 5.54% and a net margin of 0.08%. The business had revenue of $8.54 billion during the quarter, compared to the consensus estimate of $8.19 billion. During the same period last year, the business posted $0.82 earnings per share. The business’s revenue for the quarter was up 15.4% on a year-over-year basis. analysts anticipate that World Fuel Services will post 2.21 EPS for the current fiscal year.

World Fuel Services announced that its board has initiated a share buyback program on Wednesday, October 4th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the oil and gas company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Large investors have recently added to or reduced their stakes in the business. Acrospire Investment Management LLC increased its position in World Fuel Services by 130.8% in the second quarter. Acrospire Investment Management LLC now owns 3,000 shares of the oil and gas company’s stock worth $115,000 after buying an additional 1,700 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of World Fuel Services by 17.6% in the second quarter. Victory Capital Management Inc. now owns 3,789 shares of the oil and gas company’s stock valued at $146,000 after purchasing an additional 567 shares in the last quarter. Salem Investment Counselors Inc. purchased a new position in shares of World Fuel Services in the third quarter valued at $170,000. Cubist Systematic Strategies LLC purchased a new position in shares of World Fuel Services in the second quarter valued at $195,000. Finally, Shelton Capital Management purchased a new position in shares of World Fuel Services in the second quarter valued at $205,000. 88.96% of the stock is owned by institutional investors and hedge funds.

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About World Fuel Services

World Fuel Services Corporation is engaged in providing aviation, marine and land energy, logistics and technology solutions to customers and suppliers around the world. The Company operates through three segments: Aviation, Marine and Land. In its Aviation segment, the Company offers fuel and related products and services.

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