YRC Worldwide’s (YRCW) Buy Rating Reaffirmed at Stifel Nicolaus
YRC Worldwide (NASDAQ:YRCW)‘s stock had its “buy” rating restated by equities research analysts at Stifel Nicolaus in a note issued to investors on Thursday. They currently have a $21.00 target price on the transportation company’s stock. Stifel Nicolaus’ price target indicates a potential upside of 28.91% from the company’s current price.
Several other brokerages have also weighed in on YRCW. Zacks Investment Research lowered YRC Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, October 28th. Stephens reissued a “buy” rating and set a $19.00 target price on shares of YRC Worldwide in a research report on Tuesday, January 2nd. ValuEngine lowered YRC Worldwide from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Finally, BidaskClub raised YRC Worldwide from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $17.20.
Shares of YRC Worldwide (NASDAQ YRCW) traded up $0.78 during midday trading on Thursday, hitting $16.29. The stock had a trading volume of 802,841 shares, compared to its average volume of 513,935. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of -2.26. YRC Worldwide has a 1-year low of $7.36 and a 1-year high of $16.37. The firm has a market cap of $546.01, a price-to-earnings ratio of -46.54 and a beta of 3.73.
In other news, insider Justin M. Hall purchased 5,000 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were bought at an average price of $11.09 per share, with a total value of $55,450.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO James L. Welch sold 100,000 shares of YRC Worldwide stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $12.24, for a total value of $1,224,000.00. The disclosure for this sale can be found here. Insiders own 3.70% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in YRC Worldwide by 4.6% during the second quarter. Vanguard Group Inc. now owns 2,274,046 shares of the transportation company’s stock worth $25,287,000 after buying an additional 99,353 shares during the period. JPMorgan Chase & Co. increased its position in YRC Worldwide by 11.6% during the first quarter. JPMorgan Chase & Co. now owns 1,739,045 shares of the transportation company’s stock worth $19,147,000 after buying an additional 180,327 shares during the period. Dimensional Fund Advisors LP increased its position in YRC Worldwide by 0.8% during the third quarter. Dimensional Fund Advisors LP now owns 1,596,476 shares of the transportation company’s stock worth $22,031,000 after buying an additional 13,354 shares during the period. FMR LLC increased its position in YRC Worldwide by 31.3% during the first quarter. FMR LLC now owns 1,298,232 shares of the transportation company’s stock worth $14,294,000 after buying an additional 309,400 shares during the period. Finally, Northpointe Capital LLC increased its position in YRC Worldwide by 6.5% during the third quarter. Northpointe Capital LLC now owns 1,263,554 shares of the transportation company’s stock worth $17,437,000 after buying an additional 77,521 shares during the period. 85.39% of the stock is currently owned by institutional investors.
About YRC Worldwide
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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