Zacks Investment Research cut shares of YRC Worldwide, Inc. (NASDAQ:YRCW) from a buy rating to a hold rating in a research report released on Saturday morning.
According to Zacks, “YRC Worldwide Inc., headquartered in Overland Park, Kan., is the holding company for a portfolio of less-than-truckload (LTL) companies including YRC Freight, YRC Reimer, Holland, Reddaway, and New Penn. Collectively, YRC Worldwide companies have one of the largest, most comprehensive LTL networks in North America with local, regional, national and international capabilities. “
A number of other analysts have also recently weighed in on YRCW. ValuEngine cut shares of YRC Worldwide from a hold rating to a sell rating in a report on Thursday, October 26th. Stifel Nicolaus restated a buy rating and set a $18.00 target price (up from $16.00) on shares of YRC Worldwide in a report on Friday, August 4th. BidaskClub cut shares of YRC Worldwide from a buy rating to a hold rating in a report on Saturday, August 5th. Finally, Aegis restated a buy rating and issued a $20.00 price target on shares of YRC Worldwide in a research report on Saturday, September 16th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. YRC Worldwide currently has an average rating of Hold and a consensus price target of $16.00.
YRC Worldwide (NASDAQ YRCW) opened at 13.28 on Friday. The company’s 50 day moving average price is $13.20 and its 200 day moving average price is $11.62. The firm has a market capitalization of $445.30 million, a P/E ratio of 4426.67 and a beta of 3.73. YRC Worldwide has a 12 month low of $7.36 and a 12 month high of $16.97.
YRC Worldwide (NASDAQ:YRCW) last issued its earnings results on Thursday, August 3rd. The transportation company reported $0.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.09. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.25 billion. The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.83 earnings per share. Analysts anticipate that YRC Worldwide will post $0.19 EPS for the current year.
Large investors have recently modified their holdings of the stock. First Quadrant L P CA purchased a new stake in shares of YRC Worldwide in the 3rd quarter valued at approximately $132,000. Marshall Wace North America L.P. purchased a new stake in shares of YRC Worldwide in the 2nd quarter valued at approximately $168,000. Prudential Financial Inc. purchased a new stake in shares of YRC Worldwide in the 1st quarter valued at approximately $177,000. Voya Investment Management LLC lifted its position in shares of YRC Worldwide by 18.7% in the 2nd quarter. Voya Investment Management LLC now owns 17,288 shares of the transportation company’s stock valued at $192,000 after acquiring an additional 2,720 shares in the last quarter. Finally, Aperio Group LLC purchased a new stake in shares of YRC Worldwide in the 2nd quarter valued at approximately $193,000. Institutional investors and hedge funds own 83.86% of the company’s stock.
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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