YRC Worldwide, Inc. (YRCW) Given Average Recommendation of “Hold” by Analysts
YRC Worldwide, Inc. (NASDAQ:YRCW) has received a consensus recommendation of “Hold” from the seven research firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $15.75.
YRCW has been the subject of several research analyst reports. BidaskClub downgraded YRC Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Zacks Investment Research upgraded YRC Worldwide from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research note on Thursday, July 13th. Finally, Stifel Nicolaus restated a “buy” rating and set a $18.00 price target (up from $16.00) on shares of YRC Worldwide in a research note on Friday, August 4th.
YRC Worldwide (YRCW) traded up 0.60% during trading on Friday, reaching $13.46. 345,826 shares of the company traded hands. The firm has a market capitalization of $451.34 million, a price-to-earnings ratio of 4486.67 and a beta of 3.77. YRC Worldwide has a 52 week low of $7.36 and a 52 week high of $16.97. The company’s 50-day moving average price is $12.63 and its 200 day moving average price is $11.20.
YRC Worldwide (NASDAQ:YRCW) last released its quarterly earnings data on Thursday, August 3rd. The transportation company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.48 by $0.09. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the previous year, the business posted $0.83 earnings per share. YRC Worldwide’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, equities research analysts expect that YRC Worldwide will post $0.82 EPS for the current year.
Several institutional investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company grew its stake in shares of YRC Worldwide by 6.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,120 shares of the transportation company’s stock valued at $302,000 after purchasing an additional 1,681 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in shares of YRC Worldwide during the 2nd quarter valued at about $673,000. Voya Investment Management LLC grew its stake in shares of YRC Worldwide by 18.7% during the 2nd quarter. Voya Investment Management LLC now owns 17,288 shares of the transportation company’s stock valued at $192,000 after purchasing an additional 2,720 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of YRC Worldwide by 0.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,583,122 shares of the transportation company’s stock valued at $17,604,000 after purchasing an additional 4,265 shares during the period. Finally, Parametric Portfolio Associates LLC grew its stake in shares of YRC Worldwide by 92.9% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 169,472 shares of the transportation company’s stock valued at $1,885,000 after purchasing an additional 81,600 shares during the period. Institutional investors and hedge funds own 83.33% 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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