YRC Worldwide (YRCW) Upgraded to “Buy” by Zacks Investment Research

YRC Worldwide (NASDAQ:YRCW) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Sunday. The firm currently has a $17.00 price target on the transportation company’s stock. Zacks Investment Research‘s price target would suggest a potential downside of 0.06% from the company’s current price.

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. “

Other research analysts have also issued research reports about the stock. Stifel Nicolaus reiterated a “buy” rating and set a $18.00 price objective (down previously from $19.00) on shares of YRC Worldwide in a research note on Thursday, October 19th. BidaskClub upgraded shares of YRC Worldwide from a “hold” rating to a “buy” rating in a research note on Saturday, December 2nd. ValuEngine upgraded shares of YRC Worldwide from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, Stephens reiterated a “buy” rating and set a $19.00 price objective on shares of YRC Worldwide in a research note on Tuesday, January 2nd. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. YRC Worldwide presently has an average rating of “Buy” and an average target price of $17.60.

YRC Worldwide (NASDAQ YRCW) opened at $17.01 on Friday. The company has a debt-to-equity ratio of -2.26, a quick ratio of 1.39 and a current ratio of 1.39. The company has a market cap of $546.01, a P/E ratio of -48.60 and a beta of 3.73. YRC Worldwide has a 52 week low of $7.36 and a 52 week high of $17.08.

YRC Worldwide (NASDAQ:YRCW) last posted its quarterly earnings data on Thursday, November 2nd. The transportation company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.06). YRC Worldwide had a negative return on equity of 0.70% and a negative net margin of 0.22%. analysts forecast that YRC Worldwide will post 0.05 earnings per share for the current year.

In other YRC Worldwide news, Director William Robert Davidson sold 3,921 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $13.40, for a total transaction of $52,541.40. Following the sale, the director now owns 30,195 shares of the company’s stock, valued at approximately $404,613. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Justin M. Hall bought 5,000 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were bought at an average cost of $11.09 per share, for a total transaction of $55,450.00. The disclosure for this purchase can be found here. Insiders own 3.70% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in YRCW. Russell Investments Group Ltd. purchased a new stake in YRC Worldwide during the 3rd quarter worth approximately $6,280,000. 1060 Capital LLC purchased a new stake in YRC Worldwide during the 3rd quarter worth approximately $2,924,000. Chicago Equity Partners LLC grew its position in YRC Worldwide by 160.1% during the 3rd quarter. Chicago Equity Partners LLC now owns 201,555 shares of the transportation company’s stock worth $2,781,000 after purchasing an additional 124,060 shares during the last quarter. Algert Global LLC grew its position in YRC Worldwide by 88.7% during the 3rd quarter. Algert Global LLC now owns 220,818 shares of the transportation company’s stock worth $3,047,000 after purchasing an additional 103,804 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in YRC Worldwide by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 2,274,046 shares of the transportation company’s stock worth $25,287,000 after purchasing an additional 99,353 shares during the last quarter. 85.39% of the stock is currently owned by institutional investors.

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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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