YRC Worldwide’s (YRCW) Buy Rating Reiterated at Aegis
Aegis reiterated their buy rating on shares of YRC Worldwide, Inc. (NASDAQ:YRCW) in a report released on Saturday. The brokerage currently has a $20.00 target price on the transportation company’s stock.
A number of other research firms also recently commented on YRCW. Zacks Investment Research downgraded YRC Worldwide from a strong-buy rating to a hold rating in a research report on Wednesday, September 13th. Stifel Nicolaus reiterated a buy rating and set a $18.00 target price (up from $16.00) on shares of YRC Worldwide in a research report on Friday, August 4th. Finally, BidaskClub downgraded YRC Worldwide from a buy rating to a hold rating in a research report on Saturday, August 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $15.75.
YRC Worldwide (NASDAQ YRCW) opened at 12.37 on Friday. YRC Worldwide has a 1-year low of $7.36 and a 1-year high of $16.97. The firm has a market capitalization of $414.79 million, a P/E ratio of 4123.33 and a beta of 3.77. The company has a 50-day moving average price of $12.63 and a 200 day moving average price of $11.18.
YRC Worldwide (NASDAQ:YRCW) last posted its earnings results on Thursday, August 3rd. The transportation company reported $0.57 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.09. The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.25 billion. The firm’s revenue for the quarter 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. Analysts expect that YRC Worldwide will post $0.74 earnings per share for the current fiscal year.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. California Public Employees Retirement System raised its holdings in shares of YRC Worldwide by 95.9% in the first quarter. California Public Employees Retirement System now owns 245,100 shares of the transportation company’s stock worth $2,982,000 after acquiring an additional 120,000 shares during the last quarter. Parametric Portfolio Associates LLC raised its holdings in shares of YRC Worldwide by 36.3% in the first quarter. Parametric Portfolio Associates LLC now owns 87,872 shares of the transportation company’s stock worth $967,000 after acquiring an additional 23,390 shares during the last quarter. Kennedy Capital Management Inc. raised its holdings in shares of YRC Worldwide by 86.0% in the first quarter. Kennedy Capital Management Inc. now owns 371,665 shares of the transportation company’s stock worth $4,092,000 after acquiring an additional 171,824 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in shares of YRC Worldwide in the first quarter worth $1,589,000. Finally, Quantitative Investment Management LLC acquired a new position in shares of YRC Worldwide in the first quarter worth $444,000. 83.33% of the stock is owned by institutional investors.
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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