Zacks Investment Research upgraded shares of YRC Worldwide, Inc. (NASDAQ:YRCW) from a hold rating to a buy rating in a report published on Wednesday. The firm currently has $14.00 price target on the transportation company’s stock.
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. “
A number of other research analysts have also issued reports on YRCW. Stifel Nicolaus reissued a buy rating and issued a $18.00 target price (up previously from $16.00) on shares of YRC Worldwide in a report on Friday, August 4th. BidaskClub lowered YRC Worldwide from a hold rating to a sell rating in a report on Saturday, August 19th. Finally, Aegis reissued a buy rating and issued a $20.00 target price on shares of YRC Worldwide in a report on Saturday, September 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The stock has an average rating of Hold and an average target price of $15.75.
Shares of YRC Worldwide (NASDAQ YRCW) traded up 2.06% during trading on Wednesday, reaching $13.37. 1,007,503 shares of the company traded hands. The stock’s 50 day moving average is $13.23 and its 200 day moving average is $11.50. The company has a market capitalization of $448.32 million, a price-to-earnings ratio of 4456.67 and a beta of 3.73. YRC Worldwide has a 1-year low of $7.36 and a 1-year high of $16.97.
YRC Worldwide (NASDAQ:YRCW) last released its quarterly earnings results 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 firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.25 billion. The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the firm earned $0.83 EPS. On average, analysts forecast that YRC Worldwide will post $0.39 EPS for the current year.
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A number of hedge funds have recently made changes to their positions in YRCW. Marshall Wace North America L.P. acquired a new position in YRC Worldwide during the second quarter worth $168,000. Prudential Financial Inc. acquired a new position in YRC Worldwide during the first quarter worth $177,000. Voya Investment Management LLC grew its holdings in YRC Worldwide by 18.7% during the second quarter. Voya Investment Management LLC now owns 17,288 shares of the transportation company’s stock worth $192,000 after acquiring an additional 2,720 shares during the period. Aperio Group LLC acquired a new position in YRC Worldwide during the second quarter worth $193,000. Finally, American International Group Inc. grew its holdings in YRC Worldwide by 7.1% during the first quarter. American International Group Inc. now owns 20,045 shares of the transportation company’s stock worth $221,000 after acquiring an additional 1,327 shares during the period. 83.33% of the stock is currently owned by hedge funds and other institutional investors.
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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