YRC Worldwide’s (YRCW) Buy Rating Reiterated at Stephens

YRC Worldwide (NASDAQ:YRCW)‘s stock had its “buy” rating reaffirmed by stock analysts at Stephens in a report issued on Tuesday. They presently have a $19.00 price target on the transportation company’s stock. Stephens’ price objective would suggest a potential upside of 31.03% from the stock’s previous close.

Several other brokerages also recently commented on YRCW. BidaskClub raised YRC Worldwide from a “buy” rating to a “strong-buy” rating in a report on Friday, December 15th. Zacks Investment Research downgraded YRC Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, October 28th. ValuEngine downgraded YRC Worldwide from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. Stifel Nicolaus reaffirmed a “buy” rating and set a $18.00 price objective (down previously from $19.00) on shares of YRC Worldwide in a report on Thursday, October 19th. Finally, Aegis reaffirmed a “buy” rating and set a $20.00 price objective on shares of YRC Worldwide in a report on Saturday, September 16th. Two analysts have rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. YRC Worldwide currently has a consensus rating of “Hold” and a consensus price target of $16.60.

Shares of YRC Worldwide (NASDAQ:YRCW) traded down $0.49 on Tuesday, hitting $14.50. The stock had a trading volume of 196,516 shares, compared to its average volume of 575,979. The firm has a market cap of $486.02, a P/E ratio of -41.43 and a beta of 3.73. 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 fifty-two week low of $7.36 and a fifty-two week high of $15.79.

In other YRC Worldwide news, insider Justin M. Hall bought 5,000 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was bought at an average price of $11.09 per share, for a total transaction of $55,450.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director William Robert Davidson sold 3,921 shares of the company’s stock in a transaction 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 disclosure for this sale can be found here. 3.70% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the business. First Quadrant L P CA bought a new stake in shares of YRC Worldwide during the 3rd quarter valued at $132,000. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of YRC Worldwide during the 3rd quarter valued at $150,000. Jane Street Group LLC bought a new stake in shares of YRC Worldwide during the 3rd quarter valued at $159,000. Boothbay Fund Management LLC bought a new stake in shares of YRC Worldwide during the 3rd quarter valued at $160,000. Finally, Marshall Wace North America L.P. bought a new stake in shares of YRC Worldwide during the 2nd quarter valued at $168,000. Institutional investors own 85.39% of the company’s stock.

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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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