World Fuel Services Corp (INT) is Downgraded by Credit Suisse to Neutral

World Fuel Services Corp (INT) was Downgraded by Credit Suisse to ” Neutral”. Earlier the firm had a rating of “Outperform ” on the company shares. Credit Suisse advised their investors in a research report released on Apr 29, 2016.

Many Wall Street Analysts have commented on World Fuel Services Corp. World Fuel Services Corp was Upgraded by BofA/Merrill to ” Neutral” on Feb 11, 2016.

On the company’s financial health, World Fuel Services Corp reported $0.88 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Feb 11, 2016. Analyst had a consensus of $0.74. The company had revenue of $6731.90 million for the quarter, compared to analysts expectations of $7974.97 million. The company’s revenue was down -31.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.96 EPS.

World Fuel Services Corp opened for trading at $48.66 and hit $49.74 on the upside on Wednesday, eventually ending the session at $49.51, with a gain of 2.23% or 1.08 points. The heightened volatility saw the trading volume jump to 8,11,861 shares. Company has a market cap of $3,505 M.

In a different news, on Feb 18, 2016, Ira M Birns (Executive VP & CFO) sold 3,379 shares at $42.93 per share price. According to the SEC, on Nov 4, 2015, Ken Bakshi (director) sold 3,295 shares at $44.45 per share price. On May 7, 2015, J Thomas Presby (director) sold 12,066 shares at $52.12 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

World Fuel Services Corp

Leave a Reply

World Fuel Services Corp - Is it time to Sell?

Top Brokerage Firms are advising their investors on World Fuel Services Corp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.