Yrc Worldwide Stock Rating Lowered by Zacks (YRCW)
Yrc Worldwide (NASDAQ:YRCW) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued to investors on Tuesday, Analyst Ratings Network.com reports. They currently have a $10.10 price objective on the stock. Zacks‘ target price indicates a potential downside of 16.80% from the company’s current price.
Separately, analysts at Credit Suisse initiated coverage on shares of Yrc Worldwide in a research note to investors on Monday, July 29th. They set an “underperform” rating and a $7.00 price target on the stock. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $24.28.
Yrc Worldwide (NASDAQ:YRCW) traded up 3.46% on Tuesday, hitting $12.56. The stock had a trading volume of 400,330 shares. Yrc Worldwide has a 52 week low of $5.75 and a 52 week high of $36.99. The stock has a 50-day moving average of $17.10 and a 200-day moving average of $19.34. The company’s market cap is $116.8 million.
Yrc Worldwide (NASDAQ:YRCW) last posted its quarterly earnings results on Wednesday, August 7th. The company reported ($1.72) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.93) by $0.79. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the previous year, the company posted ($3.21) earnings per share. The company’s revenue for the quarter was down .7% on a year-over-year basis.
YRC Worldwide Inc (NASDAQ:YRCW) is a holding company.
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