YRC Worldwide (NASDAQ:YRCW) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a report issued on Thursday, January 18th.
Several other equities research analysts also recently weighed in on the company. Zacks Investment Research downgraded YRC Worldwide from a “hold” rating to a “sell” rating in a report on Saturday, January 13th. BidaskClub upgraded YRC Worldwide from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 13th. Stephens restated a “buy” rating and set a $19.00 price target on shares of YRC Worldwide in a research note on Tuesday, January 2nd. Finally, Stifel Nicolaus restated a “buy” rating and set a $18.00 price target (down previously from $19.00) on shares of YRC Worldwide in a research note on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $18.00.
YRC Worldwide (NASDAQ:YRCW) opened at $9.88 on Thursday. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of -2.26. The stock has a market capitalization of $331.16, a P/E ratio of -28.23 and a beta of 3.86. YRC Worldwide has a fifty-two week low of $7.36 and a fifty-two week high of $17.61.
YRC Worldwide (NASDAQ:YRCW) last announced its quarterly earnings results on Thursday, February 1st. The transportation company reported ($0.23) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.26). The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.22 billion. YRC Worldwide had a negative net margin of 0.22% and a negative return on equity of 1.26%. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period last year, the company earned ($0.23) earnings per share. equities analysts anticipate that YRC Worldwide will post 1.3 EPS for the current fiscal year.
In other news, insider Justin M. Hall bought 5,000 shares of the stock in a transaction on Thursday, November 16th. The shares were bought at an average price of $11.09 per share, with a total value of $55,450.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.70% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. First Quadrant L P CA acquired a new stake in shares of YRC Worldwide during the third quarter valued at $132,000. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in YRC Worldwide in the 3rd quarter worth about $150,000. Teacher Retirement System of Texas acquired a new stake in YRC Worldwide in the 4th quarter worth about $163,000. Jane Street Group LLC acquired a new stake in YRC Worldwide in the 3rd quarter worth about $159,000. Finally, Boothbay Fund Management LLC acquired a new stake in YRC Worldwide in the 3rd quarter worth about $160,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.
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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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