YRC Worldwide (NASDAQ:YRCW) Cut to Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of YRC Worldwide (NASDAQ:YRCW) from a hold rating to a sell rating in a research report released on Saturday, Zacks.com reports.

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 equities analysts also recently commented on the company. ValuEngine upgraded YRC Worldwide from a hold rating to a buy rating in a research note on Friday, November 1st. Stephens set a $5.00 target price on YRC Worldwide and gave the company a hold rating in a research note on Monday, August 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $8.06.

NASDAQ:YRCW traded down $0.14 during mid-day trading on Friday, hitting $4.26. The company had a trading volume of 719,700 shares, compared to its average volume of 1,047,245. The business has a fifty day simple moving average of $3.74 and a 200-day simple moving average of $3.99. YRC Worldwide has a 1 year low of $1.95 and a 1 year high of $8.67. The firm has a market capitalization of $151.90 million, a price-to-earnings ratio of 9.47 and a beta of 4.65.

YRC Worldwide (NASDAQ:YRCW) last issued its earnings results on Thursday, October 31st. The transportation company reported ($0.14) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.03. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the previous year, the firm earned $0.09 earnings per share. The business’s revenue was down 3.6% on a year-over-year basis. As a group, sell-side analysts forecast that YRC Worldwide will post -2.24 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Rhumbline Advisers boosted its position in shares of YRC Worldwide by 10.6% during the third quarter. Rhumbline Advisers now owns 54,700 shares of the transportation company’s stock worth $165,000 after buying an additional 5,231 shares during the period. Wells Fargo & Company MN boosted its position in shares of YRC Worldwide by 7.5% during the second quarter. Wells Fargo & Company MN now owns 77,432 shares of the transportation company’s stock worth $313,000 after buying an additional 5,419 shares during the period. Metropolitan Life Insurance Co NY acquired a new position in shares of YRC Worldwide during the first quarter worth approximately $77,000. Commonwealth Equity Services LLC acquired a new position in shares of YRC Worldwide during the second quarter worth approximately $54,000. Finally, First Allied Advisory Services Inc. acquired a new position in shares of YRC Worldwide during the third quarter worth approximately $51,000. Institutional investors and hedge funds own 82.10% of the company’s stock.

YRC Worldwide Company Profile

YRC Worldwide Inc, through its subsidiaries, provides a range of transportation services primarily in North America. The company operates in two segments, YRC Freight and Regional Transportation. The YRC Freight segment offers various services to transport industrial, commercial, and retail goods; and provides specialized services, including guaranteed expedited services, time-specific deliveries, cross-border services, coast-to-coast air delivery, product returns, temperature-sensitive shipment protection, and government material shipments.

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