YRC Worldwide (NASDAQ:YRCW) received a $5.00 price objective from equities research analysts at Stephens in a note issued to investors on Friday. The brokerage currently has a “hold” rating on the transportation company’s stock. Stephens’ price target indicates a potential downside of 24.81% from the stock’s previous close.
Other analysts have also recently issued reports about the company. TheStreet upgraded YRC Worldwide from a “d” rating to a “c-” rating in a report on Friday, February 1st. ValuEngine cut YRC Worldwide from a “sell” rating to a “strong sell” rating in a report on Wednesday, January 16th. Loop Capital reduced their target price on YRC Worldwide to $11.00 and set a “buy” rating on the stock in a report on Tuesday, December 11th. They noted that the move was a valuation call. BidaskClub cut YRC Worldwide from a “buy” rating to a “hold” rating in a report on Friday, March 1st. Finally, Zacks Investment Research upgraded YRC Worldwide from a “strong sell” rating to a “hold” rating in a report on Saturday, January 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. YRC Worldwide has an average rating of “Hold” and a consensus target price of $9.00.
Shares of NASDAQ:YRCW remained flat at $$6.65 during midday trading on Friday. The stock had a trading volume of 1,337,544 shares, compared to its average volume of 924,195. The company has a market capitalization of $225.06 million, a PE ratio of 14.78 and a beta of 4.79. YRC Worldwide has a 52 week low of $2.41 and a 52 week high of $11.76.
YRC Worldwide (NASDAQ:YRCW) last announced its earnings results on Thursday, January 31st. The transportation company reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.59. YRC Worldwide had a negative return on equity of 1.93% and a net margin of 0.48%. The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.24 billion. As a group, sell-side analysts forecast that YRC Worldwide will post 0.75 earnings per share for the current year.
A number of hedge funds have recently made changes to their positions in YRCW. BlackRock Inc. lifted its stake in YRC Worldwide by 1.4% in the fourth quarter. BlackRock Inc. now owns 2,370,373 shares of the transportation company’s stock valued at $7,467,000 after buying an additional 32,687 shares during the period. Dimensional Fund Advisors LP lifted its stake in YRC Worldwide by 3.7% in the third quarter. Dimensional Fund Advisors LP now owns 1,689,826 shares of the transportation company’s stock valued at $15,175,000 after buying an additional 61,048 shares during the period. Boston Partners lifted its stake in YRC Worldwide by 68.9% in the fourth quarter. Boston Partners now owns 1,664,388 shares of the transportation company’s stock valued at $5,243,000 after buying an additional 678,706 shares during the period. Front Street Capital Management Inc. lifted its stake in YRC Worldwide by 13.2% in the fourth quarter. Front Street Capital Management Inc. now owns 1,402,585 shares of the transportation company’s stock valued at $4,418,000 after buying an additional 163,125 shares during the period. Finally, Millennium Management LLC lifted its stake in YRC Worldwide by 60.5% in the fourth quarter. Millennium Management LLC now owns 709,749 shares of the transportation company’s stock valued at $2,236,000 after buying an additional 267,559 shares during the period. Institutional investors and hedge funds own 71.75% of the company’s stock.
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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