YRC Worldwide Inc (YRCW) Receives Average Recommendation of “Hold” from Analysts

Shares of YRC Worldwide Inc (NASDAQ:YRCW) have earned an average rating of “Hold” from the seven research firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $10.33.

A number of analysts recently commented on the stock. ValuEngine cut shares of YRC Worldwide from a “sell” rating to a “strong sell” rating in a research note on Saturday, December 15th. Loop Capital initiated coverage on shares of YRC Worldwide in a research report on Monday, October 1st. They set a “buy” rating and a $18.00 price objective on the stock. Zacks Investment Research upgraded shares of YRC Worldwide from a “strong sell” rating to a “hold” rating in a research report on Saturday. Stifel Nicolaus cut shares of YRC Worldwide from a “buy” rating to a “hold” rating and set a $7.00 price objective on the stock. in a research report on Friday, November 9th. Finally, BidaskClub cut shares of YRC Worldwide from a “sell” rating to a “strong sell” rating in a research report on Tuesday, September 25th.

Shares of NASDAQ:YRCW traded down $0.35 on Tuesday, reaching $5.55. The company had a trading volume of 24,278 shares, compared to its average volume of 1,187,289. YRC Worldwide has a twelve month low of $2.41 and a twelve month high of $17.61. The stock has a market capitalization of $199.71 million, a P/E ratio of 37.07 and a beta of 3.62.

YRC Worldwide (NASDAQ:YRCW) last posted its quarterly earnings data on Thursday, November 1st. The transportation company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.42). YRC Worldwide had a negative return on equity of 1.64% and a negative net margin of 0.09%. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the firm posted $0.09 earnings per share. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. As a group, equities analysts forecast that YRC Worldwide will post 0.17 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. lifted its stake in YRC Worldwide by 9.0% during the third quarter. Russell Investments Group Ltd. now owns 2,895,937 shares of the transportation company’s stock worth $26,007,000 after purchasing an additional 239,034 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of YRC Worldwide by 5.2% in the 2nd quarter. BlackRock Inc. now owns 2,329,945 shares of the transportation company’s stock worth $23,415,000 after acquiring an additional 116,023 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of YRC Worldwide by 3.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,689,826 shares of the transportation company’s stock worth $15,175,000 after acquiring an additional 61,048 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of YRC Worldwide by 42.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 525,525 shares of the transportation company’s stock worth $4,719,000 after acquiring an additional 156,175 shares in the last quarter. Finally, Penn Capital Management Co. Inc. boosted its holdings in shares of YRC Worldwide by 21.9% in the 3rd quarter. Penn Capital Management Co. Inc. now owns 411,258 shares of the transportation company’s stock worth $3,693,000 after acquiring an additional 73,909 shares in the last quarter. Institutional investors and hedge funds own 75.93% of the company’s stock.

About YRC Worldwide

YRC Worldwide Inc, through its subsidiaries, provides various transportation services primarily in North America. Its YRC Freight segment offers various services to transport industrial, commercial, and retail goods; and provides specialized services, including guaranteed expedited services, time-specific deliveries, cross-border services, coast-to-coast air delivery, product returns, temperature-sensitive shipment protection, and government material shipments.

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