BidaskClub upgraded shares of YRC Worldwide (NASDAQ:YRCW) from a sell rating to a hold rating in a research note issued to investors on Friday.
Other equities analysts have also issued research reports about the company. Seaport Global Securities reissued a neutral rating on shares of YRC Worldwide in a research note on Friday, February 2nd. Zacks Investment Research raised YRC Worldwide from a hold rating to a buy rating and set a $17.00 target price on the stock in a research note on Sunday, January 21st. ValuEngine lowered YRC Worldwide from a hold rating to a sell rating in a research note on Saturday, February 3rd. Stephens reissued a buy rating and set a $19.00 target price on shares of YRC Worldwide in a research note on Tuesday, January 2nd. Finally, Stifel Nicolaus reissued a buy rating and set a $21.00 target price on shares of YRC Worldwide in a research note on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $18.00.
YRC Worldwide (NASDAQ YRCW) traded down $0.06 on Friday, reaching $9.60. The company had a trading volume of 1,217,413 shares, compared to its average volume of 688,833. YRC Worldwide has a 1 year low of $7.36 and a 1 year high of $17.61. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of -2.48. The firm has a market cap of $323.71, a price-to-earnings ratio of 74.31 and a beta of 4.19.
YRC Worldwide (NASDAQ:YRCW) last posted its earnings results on Thursday, February 1st. The transportation company reported ($0.23) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.26). YRC Worldwide had a negative return on equity of 1.31% and a negative net margin of 0.22%. The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period in the previous year, the company posted ($0.23) EPS. YRC Worldwide’s revenue was up 5.3% on a year-over-year basis. research analysts anticipate that YRC Worldwide will post 1.1 earnings per share for the current year.
In other YRC Worldwide news, insider Scott D. Ware sold 14,000 shares of the stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $8.61, for a total value of $120,540.00. Following the sale, the insider now owns 39,095 shares of the company’s stock, valued at approximately $336,607.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.70% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the business. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in YRC Worldwide in the 3rd quarter valued at about $150,000. Teacher Retirement System of Texas purchased a new position in shares of YRC Worldwide in the 4th quarter valued at about $163,000. Jane Street Group LLC purchased a new position in shares of YRC Worldwide in the 3rd quarter valued at about $159,000. Boothbay Fund Management LLC purchased a new position in shares of YRC Worldwide in the 3rd quarter valued at about $160,000. Finally, MetLife Investment Advisors LLC purchased a new position in shares of YRC Worldwide in the 4th quarter valued at about $213,000. 85.81% of the stock is currently owned by institutional investors.
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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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