BidaskClub upgraded shares of YRC Worldwide, Inc. (NASDAQ:YRCW) from a hold rating to a buy rating in a report published on Wednesday, July 12th.
YRCW has been the topic of several other reports. Zacks Investment Research cut shares of YRC Worldwide from a hold rating to a sell rating in a report on Friday, April 21st. Deutsche Bank AG decreased their price objective on shares of YRC Worldwide from $18.00 to $11.00 and set a hold rating for the company in a report on Monday, May 8th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $15.75.
Shares of YRC Worldwide (YRCW) traded up 1.57% on Wednesday, hitting $12.27. The stock had a trading volume of 501,371 shares. The firm has a market cap of $411.44 million, a PE ratio of 4090.00 and a beta of 3.74. The firm’s 50-day moving average price is $12.00 and its 200 day moving average price is $11.41. YRC Worldwide has a 52-week low of $7.36 and a 52-week high of $16.97.
YRC Worldwide (NASDAQ:YRCW) last posted its quarterly earnings results on Thursday, August 3rd. The transportation company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.48 by $0.09. The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the prior year, the firm earned $0.83 earnings per share. The company’s revenue was up 4.4% on a year-over-year basis. On average, equities research analysts predict that YRC Worldwide will post $0.82 EPS for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in YRCW. FMR LLC raised its position in shares of YRC Worldwide by 499.7% in the fourth quarter. FMR LLC now owns 988,832 shares of the transportation company’s stock worth $13,132,000 after buying an additional 823,934 shares in the last quarter. Formula Growth Ltd. raised its position in shares of YRC Worldwide by 277.4% in the second quarter. Formula Growth Ltd. now owns 1,000,000 shares of the transportation company’s stock worth $11,120,000 after buying an additional 735,000 shares in the last quarter. Northpointe Capital LLC raised its position in shares of YRC Worldwide by 139.3% in the second quarter. Northpointe Capital LLC now owns 1,186,033 shares of the transportation company’s stock worth $13,189,000 after buying an additional 690,449 shares in the last quarter. Vanguard Group Inc. raised its position in shares of YRC Worldwide by 29.7% in the first quarter. Vanguard Group Inc. now owns 2,174,693 shares of the transportation company’s stock worth $23,943,000 after buying an additional 497,565 shares in the last quarter. Finally, Cooper Creek Partners Management LLC bought a new position in shares of YRC Worldwide during the second quarter worth approximately $3,516,000. 85.11% of the stock is owned by institutional investors and hedge funds.
About YRC Worldwide
YRC Worldwide Inc is a holding company. The Company, through its subsidiaries, offers its customers a range of transportation services. The Company operates through two segments: YRC Freight and Regional Transportation. The Company has less-than-truckload (LTL) networks in North America with local, regional, national and international capabilities.
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