Currently, World Kinect Corp [WKC] is trading at $27.86, up 0.47%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The WKC shares have gain 2.50% over the last week, with a monthly amount glided 4.42%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
World Kinect Corp [NYSE: WKC] stock has seen the most recent analyst activity on February 21, 2024, when JP Morgan initiated its Neutral rating and assigned the stock a price target of $25. Previously, Morgan Stanley started tracking the stock with Equal-Weight rating on November 06, 2023, and set its price target to $24. On July 06, 2023, Raymond James initiated with a Outperform rating and assigned a price target of $30 on the stock. BofA Securities downgraded its rating to a Underperform and decreased its price target to $22 on June 26, 2023. Stifel upgraded its rating to a Buy but $35 remained the price target by the analyst firm on May 18, 2022. BofA Securities upgraded its rating to Buy for this stock on January 20, 2022, but kept the price target unchanged to $32. In a note dated October 01, 2021, BofA Securities downgraded an Underperform rating on this stock and revised its target price from $40 to $33.
This stock has fluctuated between a low of $17.69 and a high of $28.60 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $33 within the next 12 months. World Kinect Corp [NYSE: WKC] shares were valued at $27.86 at the most recent close of the market. An investor can expect a potential return of 18.45% based on the average WKC price forecast.
Analyzing the WKC fundamentals
Trailing Twelve Months sales for World Kinect Corp [NYSE:WKC] were 46.18B which represents -0.20% decline. Gross Profit Margin for this corporation currently stands at 0.02% with Operating Profit Margin at 0.0%, Pretax Profit Margin comes in at 0.0%, and Net Profit Margin reading is 0.0%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.07 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.42.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 27.68 points at the first support level, and at 27.50 for the second support level. However, for the 1st resistance point, the stock is sitting at 28.01, and for the 2nd resistance point, it is at 28.16.
Ratios To Look Out For
To put it in perspective, the Current Ratio for World Kinect Corp [NYSE:WKC] is 1.15. In addition, the Quick Ratio stands at 0.98 and the Cash Ratio stands at 0.14. Considering the valuation of this stock, the price to sales ratio is 0.04, the price to book ratio is 0.81 and price to earnings (TTM) ratio is 12.33.
Transactions by insiders
Recent insider trading involved KASBAR MICHAEL J, Chairman, CEO and President, that happened on Aug 19 ’24 when 58948.0 shares were sold. Officer, KASBAR MICHAEL J completed a deal on Aug 19 ’24 to buy 58948.0 shares. Meanwhile, Director STEBBINS PAUL H sold 34264.0 shares on Aug 01 ’24.
