YRC Worldwide, Inc. (NASDAQ:YRCW) Stock Rating Upgraded by Zacks Investment Research
YRC Worldwide, Inc. (NASDAQ:YRCW) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Thursday. The brokerage presently has a $14.00 price objective on the transportation company’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 14.94% from the company’s previous close.
According to Zacks, “YRC Worldwide Inc., headquartered in Overland Park, Kan., is the holding company for a portfolio of less-than-truckload (LTL) companies including YRC Freight, YRC Reimer, Holland, Reddaway, and New Penn. Collectively, YRC Worldwide companies have one of the largest, most comprehensive LTL networks in North America with local, regional, national and international capabilities. “
A number of other equities research analysts have also issued reports on the company. BidaskClub raised YRC Worldwide from a “hold” rating to a “buy” rating in a research note on Wednesday. Deutsche Bank AG reduced their target price on YRC Worldwide from $18.00 to $11.00 and set a “hold” rating on the stock in a research note on Monday, May 8th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. YRC Worldwide has an average rating of “Buy” and a consensus price target of $15.75.
Shares of YRC Worldwide (NASDAQ YRCW) traded up 0.08% during trading on Thursday, reaching $12.19. The company’s stock had a trading volume of 248,495 shares. The company has a 50 day moving average price of $9.61 and a 200 day moving average price of $11.76. The firm has a market capitalization of $408.73 million, a P/E ratio of 50.37 and a beta of 3.71. YRC Worldwide has a 52 week low of $7.36 and a 52 week high of $16.97.
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A number of hedge funds and other institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC acquired a new position in shares of YRC Worldwide during the first quarter valued at $1,483,000. Dimensional Fund Advisors LP increased its position in shares of YRC Worldwide by 21.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,578,857 shares of the transportation company’s stock valued at $17,383,000 after buying an additional 281,684 shares during the period. Kennedy Capital Management Inc. increased its position 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 valued at $4,092,000 after buying an additional 171,824 shares during the period. Geode Capital Management LLC increased its position in shares of YRC Worldwide by 10.6% in the first quarter. Geode Capital Management LLC now owns 262,040 shares of the transportation company’s stock valued at $2,885,000 after buying an additional 25,114 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of YRC Worldwide by 29.7% in the first quarter. Vanguard Group Inc. now owns 2,174,693 shares of the transportation company’s stock valued at $23,943,000 after buying an additional 497,565 shares during the period. Institutional investors own 85.18% 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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