At the time of writing, World Kinect Corp [WKC] stock is trading at $24.12, up 2.94%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The WKC shares have gain 2.64% over the last week, with a monthly amount glided 2.90%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
World Kinect Corp [NYSE: WKC] stock has seen the most recent analyst activity on October 25, 2024, when Stifel downgraded its rating to a Hold and also revised its price target to $32 from $33. Previously, Morgan Stanley downgraded its rating to Underweight on September 16, 2024, and kept the price target unchanged to $28. On February 21, 2024, JP Morgan initiated with a Neutral rating and assigned a price target of $25 on the stock. Morgan Stanley started tracking the stock assigning a Equal-Weight rating and suggested a price target of $24 on November 06, 2023. Raymond James initiated its recommendation with an Outperform and recommended $30 as its price target on July 06, 2023. BofA Securities downgraded its rating to Underperform for this stock on June 26, 2023, and downed its price target to $22. In a note dated May 18, 2022, Stifel upgraded a Buy rating on this stock but restated the target price of $35.
For the past year, the stock price of World Kinect Corp fluctuated between $22.70 and $31.54. Currently, Wall Street analysts expect the stock to reach $29.33 within the next 12 months. World Kinect Corp [NYSE: WKC] shares were valued at $24.12 at the most recent close of the market. An investor can expect a potential return of 21.6% based on the average WKC price forecast.
Analyzing the WKC fundamentals
According to World Kinect Corp [NYSE:WKC], the company’s sales were 37.63B for trailing twelve months, which represents an -10.68% plunge. Gross Profit Margin for this corporation currently stands at 0.02% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at -0.01%, and Net Profit Margin reading is -0.01%. To continue investigating profitability, this company’s Return on Assets is posted at -0.07, Equity is -0.25 and Total Capital is 0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.49.
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 23.63 points at the first support level, and at 23.14 for the second support level. However, for the 1st resistance point, the stock is sitting at 24.42, and for the 2nd resistance point, it is at 24.72.
Ratios To Look Out For
It is important to note that World Kinect Corp [NYSE:WKC] has a current ratio of 1.15. As well, the Quick Ratio is 0.99, while the Cash Ratio is 0.15. Considering the valuation of this stock, the price to sales ratio is 0.04, the price to book ratio is 0.83.
Transactions by insiders
Recent insider trading involved KASBAR MICHAEL J, Chairman, CEO and President, that happened on Mar 04 ’25 when 21507.0 shares were sold. Officer, KASBAR MICHAEL J completed a deal on Mar 04 ’25 to buy 21507.0 shares.
