Stifel Nicolaus restated their buy rating on shares of YRC Worldwide, Inc. (NASDAQ:YRCW) in a research note published on Thursday, October 19th, Marketbeat.com reports. Stifel Nicolaus currently has a $18.00 price target on the transportation company’s stock, down from their previous price target of $19.00.
A number of other brokerages also recently weighed in on YRCW. Zacks Investment Research downgraded shares of YRC Worldwide from a strong-buy rating to a hold rating in a research report on Wednesday, September 13th. BidaskClub downgraded shares of YRC Worldwide from a buy rating to a hold rating in a research report on Saturday, August 5th. Finally, Aegis restated a buy rating and issued a $20.00 target price on shares of YRC Worldwide in a research report on Saturday, September 16th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $16.00.
YRC Worldwide (NASDAQ YRCW) opened at 13.64 on Thursday. The firm’s 50 day moving average price is $13.20 and its 200 day moving average price is $11.55. YRC Worldwide has a one year low of $7.36 and a one year high of $16.97. The stock has a market cap of $457.38 million, a price-to-earnings ratio of 4546.67 and a beta of 3.73.
YRC Worldwide (NASDAQ:YRCW) last released its earnings results on Thursday, August 3rd. The transportation company reported $0.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.09. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.25 billion. YRC Worldwide’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.83 EPS. Equities analysts forecast that YRC Worldwide will post $0.27 earnings per share for the current year.
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Several large investors have recently modified their holdings of the company. First Quadrant L P CA acquired a new stake in shares of YRC Worldwide in the 3rd quarter worth approximately $132,000. Northpointe Capital LLC lifted its position in shares of YRC Worldwide by 6.5% in the 3rd quarter. Northpointe Capital LLC now owns 1,263,554 shares of the transportation company’s stock valued at $17,437,000 after acquiring an additional 77,521 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of YRC Worldwide by 6.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,120 shares of the transportation company’s stock valued at $302,000 after acquiring an additional 1,681 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of YRC Worldwide in the 2nd quarter valued at approximately $673,000. Finally, 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. 83.72% of the stock is owned by institutional investors.
YRC Worldwide Company Profile
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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