World Fuel Services Corporation (INT) : 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on World Fuel Services Corporation (INT). Zacks Investment Research suggests a Strong Buy with a rank of 1.The median of all the 2 Wall Street Analysts endorse the stock as a Hold with a rating of 3.
World Fuel Services Corporation (NYSE:INT): The stock opened at $47.18 on Wednesday but the bulls could not build on the opening and the stock topped out at $47.38 for the day. The stock traded down to $46.01 during the day, due to lack of any buying support eventually closed down at $46.31 with a loss of -2.18% for the day. The stock had closed at $47.34 on the previous day. The total traded volume was 667,641 shares.
Also, Equity Analysts at the Credit Suisse downgrades the rating on World Fuel Services Corporation (NYSE:INT). The brokerage firm has issued a Neutral rating on the shares. The shares were previously rated Outperform. The Analysts at the ratings agency maintains the price target to $45 per share. The rating by the firm was issued on April 29, 2016. The company shares have dropped -0.88% from its 1 Year high price. On Apr 21, 2016, the shares registered one year high at $51.01 and the one year low was seen on Jul 31, 2015. The 50-Day Moving Average price is $45.45 and the 200 Day Moving Average price is recorded at $44.46.
World Fuel Services Corporation is a fuel logistics, transaction management and payment processing company. The Company is engaged in the distribution of fuel, and related products and services in the aviation, marine and land transportation industries. It operates in 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 and low cost carriers, airports, fixed-based operators, corporate fleets, fractional operators, private aircraft, military fleets and to the United States and foreign Governments. The marine segment offers fuel, lubricants, and related products and services to a base of marine customers, including international container and tanker fleets, commercial cruise lines, yachts and time-charter operators, the United States and foreign Governments. The land segment offers fuel, lubricants, and related products and services to petroleum distributors.