YRC Worldwide, Inc. (NASDAQ:YRCW) Rating Lowered to Hold at BidaskClub
YRC Worldwide, Inc. (NASDAQ:YRCW) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Saturday, August 5th.
Other equities analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of YRC Worldwide from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research report on Thursday, July 13th. Deutsche Bank AG lowered their price objective on shares of YRC Worldwide from $18.00 to $11.00 and set a “hold” rating for the company in a research report on Monday, May 8th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. YRC Worldwide has a consensus rating of “Buy” and a consensus price target of $15.75.
YRC Worldwide (NASDAQ YRCW) traded up 0.17% during midday trading on Friday, reaching $11.80. The company’s stock had a trading volume of 338,536 shares. The firm has a 50-day moving average price of $12.26 and a 200 day moving average price of $11.33. YRC Worldwide has a 52-week low of $7.36 and a 52-week high of $16.97. The stock has a market capitalization of $395.68 million, a price-to-earnings ratio of 3933.33 and a beta of 3.74.
YRC Worldwide (NASDAQ:YRCW) last issued its earnings results on Thursday, August 3rd. The transportation company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.48 by $0.09. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.25 billion. YRC Worldwide’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.83 earnings per share. Equities research analysts predict that YRC Worldwide will post $0.82 EPS for the current fiscal year.
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Institutional investors have recently made changes to their positions in the stock. Deprince Race & Zollo Inc. purchased a new stake in YRC Worldwide during the first quarter worth approximately $143,000. Strs Ohio purchased a new stake in YRC Worldwide during the first quarter worth approximately $164,000. Marshall Wace North America L.P. purchased a new stake in YRC Worldwide during the second quarter worth approximately $168,000. Prudential Financial Inc. purchased a new stake in YRC Worldwide during the first quarter worth approximately $177,000. Finally, Voya Investment Management LLC raised its stake in YRC Worldwide by 18.7% in the second quarter. Voya Investment Management LLC now owns 17,288 shares of the transportation company’s stock worth $192,000 after buying an additional 2,720 shares in the last quarter. Hedge funds and other institutional investors own 87.51% of the company’s stock.
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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