YRC Worldwide (NASDAQ:YRCW) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Friday, March 16th.
Other analysts have also recently issued reports about the company. Seaport Global Securities reaffirmed a “neutral” rating on shares of YRC Worldwide in a report on Friday, February 2nd. Zacks Investment Research raised YRC Worldwide from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a report on Sunday, January 21st. ValuEngine lowered YRC Worldwide from a “hold” rating to a “sell” rating in a report on Saturday, February 3rd. Stephens restated a “buy” rating and set a $19.00 price target on shares of YRC Worldwide in a report on Tuesday, January 2nd. Finally, Stifel Nicolaus restated a “buy” rating and set a $21.00 price target on shares of YRC Worldwide in a report on Friday, February 2nd. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. YRC Worldwide has a consensus rating of “Hold” and a consensus price target of $18.00.
Shares of YRCW traded down $0.33 during mid-day trading on Friday, hitting $8.38. 582,556 shares of the stock were exchanged, compared to its average volume of 687,360. The stock has a market capitalization of $283.82, a price-to-earnings ratio of 55.87 and a beta of 4.05. YRC Worldwide has a 52-week low of $7.36 and a 52-week high of $17.61. The company has a debt-to-equity ratio of -2.48, a current ratio of 1.29 and a quick ratio of 1.29.
YRC Worldwide (NASDAQ:YRCW) last issued its quarterly earnings data 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). The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.22 billion. YRC Worldwide had a negative return on equity of 1.31% and a negative net margin of 0.22%. The firm’s revenue was up 5.3% on a year-over-year basis. During the same period last year, the company earned ($0.23) earnings per share. sell-side analysts expect that YRC Worldwide will post 0.93 earnings per share for the current year.
In related news, insider Scott D. Ware sold 14,000 shares of the stock in a transaction on Monday, March 5th. The stock was sold at an average price of $8.61, for a total transaction of $120,540.00. Following the sale, the insider now owns 39,095 shares in the company, valued at approximately $336,607.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 4.70% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in YRCW. Los Angeles Capital Management & Equity Research Inc. bought a new position in YRC Worldwide in the 3rd quarter valued at $150,000. Jane Street Group LLC bought a new position in YRC Worldwide in the 3rd quarter valued at $159,000. Boothbay Fund Management LLC bought a new position in YRC Worldwide in the 3rd quarter valued at $160,000. Teacher Retirement System of Texas bought a new position in YRC Worldwide in the 4th quarter valued at $163,000. Finally, Voya Investment Management LLC grew its position in 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 during the last quarter. Institutional investors own 84.92% of the company’s stock.
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About YRC Worldwide
YRC Worldwide Inc, through its subsidiaries, provides various transportation services primarily in North America. Its 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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