YRC Worldwide, Inc. (YRCW) Lifted to “Buy” at BidaskClub

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.

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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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