YRC Worldwide, Inc. (NASDAQ:YRCW) Receives Consensus Rating of “Buy” from Brokerages
YRC Worldwide, Inc. (NASDAQ:YRCW) has earned an average rating of “Buy” from the eight ratings firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $15.75.
YRCW has been the topic of a number of recent analyst reports. Zacks Investment Research raised YRC Worldwide from a “sell” rating to a “hold” rating in a research note on Wednesday, April 12th. Deutsche Bank AG cut their price objective 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. Finally, BidaskClub raised YRC Worldwide from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th.
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A number of large investors have recently modified their holdings of YRCW. Aperio Group LLC acquired a new stake in shares of YRC Worldwide during the second quarter worth $193,000. AQR Capital Management LLC acquired a new stake in shares of YRC Worldwide during the first quarter worth $1,483,000. Dimensional Fund Advisors LP increased its stake 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 worth $17,383,000 after buying an additional 281,684 shares during the last quarter. Kennedy Capital Management Inc. increased its stake 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 buying an additional 171,824 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake 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 worth $2,885,000 after buying an additional 25,114 shares during the last quarter. Institutional investors and hedge funds own 85.17% of the company’s stock.
Shares of YRC Worldwide (NASDAQ YRCW) traded up 0.90% during mid-day trading on Friday, hitting $12.38. The stock had a trading volume of 465,283 shares. The stock’s 50-day moving average is $10.90 and its 200-day moving average is $11.50. 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 $415.10 million, a PE ratio of 51.16 and a beta of 3.71.
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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