YRC Worldwide (YRCW) Rating Increased to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of YRC Worldwide (NASDAQ:YRCW) from a hold rating to a buy rating in a report released on Friday morning, Zacks.com reports. They currently have $8.50 price objective 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. “

Several other brokerages have also recently commented on YRCW. TheStreet upgraded shares of YRC Worldwide from a d rating to a c- rating in a research report on Friday, February 1st. ValuEngine cut shares of YRC Worldwide from a sell rating to a strong sell rating in a research report on Wednesday, January 16th. Seaport Global Securities restated a neutral rating on shares of YRC Worldwide in a research report on Friday, April 5th. BidaskClub upgraded shares of YRC Worldwide from a hold rating to a buy rating in a research report on Saturday, April 13th. Finally, Stephens set a $5.00 target price on shares of YRC Worldwide and gave the company a hold rating in a research report on Friday, March 22nd. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $8.90.

Shares of YRC Worldwide stock opened at $8.04 on Friday. YRC Worldwide has a twelve month low of $2.41 and a twelve month high of $11.76. The stock has a market capitalization of $272.11 million, a price-to-earnings ratio of 17.87 and a beta of 4.75.

YRC Worldwide (NASDAQ:YRCW) last issued its quarterly earnings data on Thursday, January 31st. The transportation company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.59. The business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.24 billion. YRC Worldwide had a net margin of 0.48% and a negative return on equity of 1.93%. Equities analysts expect that YRC Worldwide will post 0.75 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of the company. Boston Partners grew its holdings in shares of YRC Worldwide by 68.9% during the 4th quarter. Boston Partners now owns 1,664,388 shares of the transportation company’s stock valued at $5,243,000 after purchasing an additional 678,706 shares during the last quarter. Alambic Investment Management L.P. grew its holdings in shares of YRC Worldwide by 3,366.7% during the 4th quarter. Alambic Investment Management L.P. now owns 695,767 shares of the transportation company’s stock valued at $2,192,000 after purchasing an additional 675,697 shares during the last quarter. Millennium Management LLC grew its holdings in shares of YRC Worldwide by 60.5% during the 4th quarter. Millennium Management LLC now owns 709,749 shares of the transportation company’s stock valued at $2,236,000 after purchasing an additional 267,559 shares during the last quarter. Front Street Capital Management Inc. grew its holdings in shares of YRC Worldwide by 13.2% during the 4th quarter. Front Street Capital Management Inc. now owns 1,402,585 shares of the transportation company’s stock valued at $4,418,000 after purchasing an additional 163,125 shares during the last quarter. Finally, Two Sigma Investments LP grew its holdings in shares of YRC Worldwide by 32.5% during the 4th quarter. Two Sigma Investments LP now owns 665,546 shares of the transportation company’s stock valued at $2,096,000 after purchasing an additional 163,097 shares during the last quarter. Institutional investors own 71.75% 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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