BidaskClub Upgrades YRC Worldwide (YRCW) to “Hold”

BidaskClub upgraded shares of YRC Worldwide (NASDAQ:YRCW) from a sell rating to a hold rating in a report released on Tuesday morning.

A number of other equities research analysts have also recently commented on YRCW. ValuEngine raised shares of YRC Worldwide from a sell rating to a hold rating in a research report on Monday, May 7th. Zacks Investment Research raised shares of YRC Worldwide from a sell rating to a hold rating in a research report on Friday, April 27th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. YRC Worldwide currently has an average rating of Hold and a consensus target price of $19.75.

NASDAQ:YRCW opened at $11.24 on Tuesday. YRC Worldwide has a 52 week low of $8.07 and a 52 week high of $17.61. The company has a debt-to-equity ratio of -2.38, a current ratio of 1.27 and a quick ratio of 1.27. The company has a market cap of $384.04 million, a P/E ratio of 74.93 and a beta of 3.71.

YRC Worldwide (NASDAQ:YRCW) last posted its earnings results on Thursday, May 3rd. The transportation company reported ($0.44) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.60) by $0.16. The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same period in the previous year, the company earned ($0.78) EPS. The company’s revenue was up 3.8% on a year-over-year basis. equities analysts anticipate that YRC Worldwide will post 0.92 EPS for the current fiscal year.

In related news, Director Raymond J. Bromark sold 5,000 shares of the stock in a transaction that occurred on Tuesday, May 22nd. The shares were sold at an average price of $10.79, for a total transaction of $53,950.00. Following the completion of the sale, the director now owns 86,272 shares of the company’s stock, valued at $930,874.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 4.70% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. Symons Capital Management Inc. purchased a new position in shares of YRC Worldwide in the first quarter worth $137,000. Teacher Retirement System of Texas purchased a new position in shares of YRC Worldwide in the fourth quarter worth $163,000. MetLife Investment Advisors LLC purchased a new position in shares of YRC Worldwide in the fourth quarter worth $213,000. Stone Ridge Asset Management LLC purchased a new position in shares of YRC Worldwide in the fourth quarter worth $310,000. Finally, Mackay Shields LLC purchased a new position in shares of YRC Worldwide in the first quarter worth $335,000. 80.12% of the stock is owned by institutional investors.

YRC Worldwide Company Profile

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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