Morgan Stanley Cuts World Kinect (NYSE:WKC) Price Target to $25.00

World Kinect (NYSE:WKC) had its target price trimmed by Morgan Stanley from $27.00 to $25.00 in a research note released on Tuesday,Benzinga reports. The firm currently has an underweight rating on the stock.

Several other analysts also recently weighed in on the company. Weiss Ratings restated a “sell (d)” rating on shares of World Kinect in a research note on Monday, December 29th. Zacks Research downgraded World Kinect from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 24th. One research analyst has rated the stock with a Buy rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Strong Sell” and an average target price of $28.00.

World Kinect Trading Up 0.2%

WKC opened at $24.61 on Tuesday. The firm’s 50 day moving average is $26.08 and its 200-day moving average is $25.53. World Kinect has a 52-week low of $22.70 and a 52-week high of $29.85. The company has a quick ratio of 0.92, a current ratio of 1.06 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $1.26 billion, a P/E ratio of -2.22, a P/E/G ratio of 0.64 and a beta of 1.14.

World Kinect (NYSE:WKC) last announced its earnings results on Thursday, February 19th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.17). World Kinect had a negative net margin of 1.66% and a positive return on equity of 6.62%. The firm had revenue of $9.03 billion during the quarter, compared to analysts’ expectations of $9.41 billion. During the same quarter last year, the company posted $0.62 earnings per share. World Kinect’s revenue for the quarter was down 7.5% compared to the same quarter last year. World Kinect has set its FY 2026 guidance at 2.200-2.400 EPS. Analysts expect that World Kinect will post 2.56 EPS for the current fiscal year.

Institutional Investors Weigh In On World Kinect

A number of institutional investors have recently modified their holdings of the business. Mitsubishi UFJ Trust & Banking Corp raised its position in World Kinect by 47.1% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 121,463 shares of the company’s stock worth $3,152,000 after acquiring an additional 38,888 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of World Kinect by 42.3% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 156,011 shares of the company’s stock valued at $4,048,000 after purchasing an additional 46,390 shares in the last quarter. Prudential Financial Inc. grew its stake in shares of World Kinect by 7.9% in the 2nd quarter. Prudential Financial Inc. now owns 313,239 shares of the company’s stock worth $8,880,000 after purchasing an additional 22,865 shares during the last quarter. LSV Asset Management boosted its holdings in World Kinect by 6.3% during the third quarter. LSV Asset Management now owns 1,740,728 shares of the company’s stock worth $45,172,000 after buying an additional 103,489 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its holdings in World Kinect by 68.7% during the second quarter. Squarepoint Ops LLC now owns 242,093 shares of the company’s stock worth $6,863,000 after buying an additional 98,607 shares in the last quarter. Institutional investors own 97.06% of the company’s stock.

World Kinect Company Profile

World Kinect Energy Services, Inc (NYSE: WKC) is a global energy services company specializing in fuel procurement, supply chain management and risk mitigation solutions. The company offers an integrated platform that facilitates the sourcing, trading and logistics of refined fuels, natural gas, liquefied natural gas (LNG) and renewable energy products. Its services are designed to help industrial, commercial and institutional clients optimize energy costs, comply with environmental regulations and manage price volatility.

In addition to traditional commodity trading and delivery, World Kinect provides a suite of value-added services that include carbon offset and decarbonization strategies, energy efficiency consulting and emissions reporting.