Yrc Worldwide Rating Lowered to Underperform at 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 Wednesday. They currently have a $26.80 price target on the stock. Zacks‘s price objective would indicate a potential downside of 5.07% from the stock’s previous close.
Yrc Worldwide (NASDAQ:YRCW) traded up 2.69% during mid-day trading on Wednesday, hitting $28.99. 462,537 shares of the company’s stock traded hands. Yrc Worldwide has a one year low of $7.06 and a one year high of $36.99. The stock has a 50-day moving average of $23.67 and a 200-day moving average of $21.20. The company’s market cap is $906.4 million.
Yrc Worldwide (NASDAQ:YRCW) last released its earnings data on Thursday, May 1st. The company reported ($3.95) earnings per share for the quarter, missing the analysts’ consensus estimate of ($1.12) by $2.83. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the company posted ($2.93) earnings per share. Yrc Worldwide’s revenue was up 4.2% compared to the same quarter last year. Analysts expect that Yrc Worldwide will post $-3.09 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Wolfe Research upgraded shares of Yrc Worldwide from an “underperform” rating to a “market perform” rating in a research note on Tuesday. Analysts at BB&T Corp. upgraded shares of Yrc Worldwide from a “hold” rating to a “buy” rating in a research note on Friday, June 27th. They now have a $40.00 price target on the stock.
YRC Worldwide Inc (NASDAQ:YRCW) is a holding company.
To view Zacks’ full report, visit Zacks’ official website.
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