World Kinect Corporation downgraded by Morgan Stanley with a new price target
$WKC
Oil Refining/Marketing
Energy
Morgan Stanley downgraded World Kinect Corporation from Equal-Weight to Underweight and set a new price target of $28.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/25/2024 | $33.00 → $32.00 | Buy → Hold | Stifel |
| 9/16/2024 | $28.00 | Equal-Weight → Underweight | Morgan Stanley |
| 2/21/2024 | $25.00 | Neutral | JP Morgan |
| 11/6/2023 | $24.00 | Equal-Weight | Morgan Stanley |
| 7/6/2023 | $30.00 | Outperform | Raymond James |
| 6/26/2023 | $29.00 → $22.00 | Buy → Underperform | BofA Securities |
8-K - WORLD KINECT CORP (0000789460) (Filer)
10-Q - WORLD KINECT CORP (0000789460) (Filer)
8-K - WORLD KINECT CORP (0000789460) (Filer)
4 - WORLD KINECT CORP (0000789460) (Issuer)
4 - WORLD KINECT CORP (0000789460) (Issuer)
4 - WORLD KINECT CORP (0000789460) (Issuer)
JetBlue signs supply agreement for Blended Sustainable Aviation Fuel (SAF) to supply John F. Kennedy International Airport (JFK) to begin as early as fourth quarter 2024 JetBlue invites other New York businesses to help scale the SAF market in the region Today JetBlue (NASDAQ:JBLU) and World Fuel Services (World Fuel), a World Kinect (NYSE:WKC) company, announced a new commercial agreement to bring the first regular supply of Blended Sustainable Aviation Fuel (SAF), provided by Valero Marketing and Supply Company (Valero), a subsidiary of Valero Energy Corporation (NYSE:VLO), to John F. Kennedy International Airport (JFK) as early as the fourth quarter of 2024. Under the terms of the in
Stifel downgraded World Kinect Corporation from Buy to Hold and set a new price target of $32.00 from $33.00 previously
Morgan Stanley downgraded World Kinect Corporation from Equal-Weight to Underweight and set a new price target of $28.00
JP Morgan initiated coverage of World Kinect Corporation with a rating of Neutral and set a new price target of $25.00
World Kinect Corporation (NYSE:WKC) today reported financial results for the fourth quarter and full year 2024. Fourth Quarter 2024 Highlights Gross profit of $259 million GAAP net loss of $102 million, or $1.77 per diluted share Adjusted net income of $36 million, or $0.62 per diluted share Generated $120 million of operating cash flow Repurchased $43 million of common stock Adjusted EBITDA of $95 million Year-Over-Year Segment Profitability Aviation – Gross profit of $120 million, a decrease of 8%, primarily driven by the sale of Avinode during the second quarter of 2024 and lower inventory-related profitability year-over-year, partially offset by growth in our commercial
World Kinect Corporation (NYSE:WKC) invites you to participate in a conference call with its management team on Thursday, February 20, 2025, at 5:00 p.m. ET to discuss the company's fourth quarter and full year 2024 results, as well as certain forward-looking information. The company plans to release its fourth quarter and full year 2024 results after the market closes on the same date. Participants can access the live webcast by visiting the company's website at ir.worldkinect.com/events. An on-demand replay of the webcast will be available shortly after the call. About World Kinect Corporation Headquartered in Miami, Florida, World Kinect Corporation (NYSE:WKC) is a global energy ma
World Kinect Corporation (NYSE:WKC) announced today that its board of directors has declared a quarterly cash dividend of $0.17 per share, which is payable on January 16, 2025 to shareholders of record on December 23, 2024. About World Kinect Corporation Headquartered in Miami, Florida, World Kinect Corporation (NYSE:WKC) is a global energy management company offering fulfillment and related services to more than 150,000 customers across the aviation, marine, and land-based transportation sectors. We also supply natural gas and power in the United States and Europe along with a growing suite of other sustainability-related products and services. For more information, visit www.world-k
World Kinect Corporation (NYSE:WKC) today reported financial results for the fourth quarter and full year 2024. Fourth Quarter 2024 Highlights Gross profit of $259 million GAAP net loss of $102 million, or $1.77 per diluted share Adjusted net income of $36 million, or $0.62 per diluted share Generated $120 million of operating cash flow Repurchased $43 million of common stock Adjusted EBITDA of $95 million Year-Over-Year Segment Profitability Aviation – Gross profit of $120 million, a decrease of 8%, primarily driven by the sale of Avinode during the second quarter of 2024 and lower inventory-related profitability year-over-year, partially offset by growth in our commercial
World Kinect Corporation (NYSE:WKC) invites you to participate in a conference call with its management team on Thursday, February 20, 2025, at 5:00 p.m. ET to discuss the company's fourth quarter and full year 2024 results, as well as certain forward-looking information. The company plans to release its fourth quarter and full year 2024 results after the market closes on the same date. Participants can access the live webcast by visiting the company's website at ir.worldkinect.com/events. An on-demand replay of the webcast will be available shortly after the call. About World Kinect Corporation Headquartered in Miami, Florida, World Kinect Corporation (NYSE:WKC) is a global energy ma
World Kinect Corporation (NYSE:WKC) announced today that its board of directors has declared a quarterly cash dividend of $0.17 per share, which is payable on January 16, 2025 to shareholders of record on December 23, 2024. About World Kinect Corporation Headquartered in Miami, Florida, World Kinect Corporation (NYSE:WKC) is a global energy management company offering fulfillment and related services to more than 150,000 customers across the aviation, marine, and land-based transportation sectors. We also supply natural gas and power in the United States and Europe along with a growing suite of other sustainability-related products and services. For more information, visit www.world-k