WORLD FUEL SERVICES CORPORATION
Texas (June 27, 2014) Wax Ink has issued a No Investment Interest opinion for World Fuel Corporation (NYSE: INT), based on a recent intrinsic value review that placed fair value for the company between $47-$54.
A No Investment Interest opinion (hold) means that the current key performance indicators (KPIs) do not favor a position in this stock as an active investment at this time.
The recent close of $647.98 is approximately 47% above the fair value buy target for the stock and approximately 17% below the fair value close target for the stock. The recent close is also 0.01% below analysts' twelve-month $48.00 median price target for the stock.
The recent close represents a 22% increase in the one-year price of the stock, while year-over-year sales increased 7%, year-over-year earnings decreased 9%, year-over-year debt increased 22%, and year-over-year free cash flow decreased 30%.
The stock currently has a trailing twelve-month PE Ratio of 17, and a PEG Ratio of 3.8 basis estimated forward earnings growth of 4.5%.
In the past 52 weeks, share prices have moved between a high of $48.84 and a low of $34.57, placing equilibrium at $44.32.
With the recent close, the stock is trading 2% below the 52 week high, 28% above the 52 week low, and 8% above equilibrium.
The three-month average daily trading volume for this stock is approximately 239 thousand shares and the average daily volume is approximately 225 thousand shares. There are approximately 4.85 million short interest shares which places the days to cover at 28.12.
World Fuel Services Corporation a fuel logistics company, markets, sells, and distributes aviation, marine, and land fuel products and related services worldwide.
The company's listed competitors include BP Marine Limited, Mercury Air Group,and Sun Coast Resources.
Financial information contained herein, was obtained from the company's most recent annual SEC filing for year ending December 31, 2013 and all prices are per share unless otherwise noted.
Wax Ink currently has no investment position in any company mentioned in this alert.
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Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.