YRC Worldwide Inc (YRCW) Receives Average Rating of “Buy” from Brokerages

Shares of YRC Worldwide Inc (NASDAQ:YRCW) have earned a consensus recommendation of “Buy” from the eight research firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $18.00.

A number of equities research analysts recently weighed in on YRCW shares. ValuEngine downgraded shares of YRC Worldwide from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. Zacks Investment Research downgraded shares of YRC Worldwide from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 8th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $18.00 target price (down from $19.00) on shares of YRC Worldwide in a research note on Thursday, October 19th. Finally, BidaskClub raised shares of YRC Worldwide from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 15th.

In other YRC Worldwide news, CEO James L. Welch sold 100,000 shares of YRC Worldwide stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $12.24, for a total transaction of $1,224,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Justin M. Hall purchased 5,000 shares of the firm’s stock in a transaction on Thursday, November 16th. The shares were acquired 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. Company insiders own 3.70% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of YRCW. Boston Partners purchased a new position in shares of YRC Worldwide in the fourth quarter worth $12,879,000. Russell Investments Group Ltd. purchased a new position in shares of YRC Worldwide in the third quarter worth $6,280,000. 1060 Capital LLC purchased a new position in shares of YRC Worldwide in the third quarter worth $2,924,000. Chicago Equity Partners LLC increased its stake in shares of YRC Worldwide by 160.1% in the third quarter. Chicago Equity Partners LLC now owns 201,555 shares of the transportation company’s stock worth $2,781,000 after buying an additional 124,060 shares during the period. Finally, Algert Global LLC increased its stake in shares of YRC Worldwide by 88.7% in the third quarter. Algert Global LLC now owns 220,818 shares of the transportation company’s stock worth $3,047,000 after buying an additional 103,804 shares during the period. 84.55% of the stock is currently owned by institutional investors.

Shares of YRC Worldwide (NASDAQ:YRCW) traded down $0.38 on Tuesday, reaching $10.54. 1,823,180 shares of the company were exchanged, compared to its average volume of 806,784. The stock has a market capitalization of $340.88, a P/E ratio of -29.74 and a beta of 3.86. The company has a debt-to-equity ratio of -2.26, a current ratio of 1.39 and a quick ratio of 1.39. YRC Worldwide has a 1-year low of $7.36 and a 1-year high of $17.61.

YRC Worldwide (NASDAQ:YRCW) last announced its earnings results on Thursday, February 1st. The transportation company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.26). The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.22 billion. YRC Worldwide had a negative net margin of 0.22% and a negative return on equity of 1.26%. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.23) earnings per share. research analysts anticipate that YRC Worldwide will post 1.8 EPS for the current year.

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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.

Analyst Recommendations for YRC Worldwide (NASDAQ:YRCW)

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