YRC Worldwide (YRCW) Rating Increased to Buy at BidaskClub

YRC Worldwide (NASDAQ:YRCW) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a report released on Saturday, April 13th, BidAskClub reports.

YRCW has been the subject of a number of other reports. Zacks Investment Research raised YRC Worldwide from a “strong sell” rating to a “hold” rating in a report on Saturday, January 19th. ValuEngine lowered YRC Worldwide from a “sell” rating to a “strong sell” rating in a report on Saturday, December 15th. TheStreet raised YRC Worldwide from a “d” rating to a “c-” rating in a research note on Friday, February 1st. Stephens set a $5.00 price target on YRC Worldwide and gave the company a “hold” rating in a research note on Friday, March 22nd. Finally, Seaport Global Securities reaffirmed a “neutral” rating on shares of YRC Worldwide in a research note on Friday, April 5th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. YRC Worldwide currently has an average rating of “Hold” and a consensus price target of $8.85.

Shares of YRC Worldwide stock traded up $0.40 on Friday, reaching $7.14. 798,273 shares of the company were exchanged, compared to its average volume of 747,014. The stock has a market capitalization of $247.01 million, a price-to-earnings ratio of 15.87 and a beta of 4.69. YRC Worldwide has a 1-year low of $2.41 and a 1-year high of $11.76.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Front Street Capital Management Inc. lifted its holdings in shares of YRC Worldwide by 19.3% in the first quarter. Front Street Capital Management Inc. now owns 1,673,830 shares of the transportation company’s stock valued at $11,198,000 after purchasing an additional 271,245 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of YRC Worldwide by 86.0% in the first quarter. BNP Paribas Arbitrage SA now owns 7,215 shares of the transportation company’s stock valued at $48,000 after purchasing an additional 3,335 shares in the last quarter. First Quadrant L P CA purchased a new stake in shares of YRC Worldwide during the first quarter worth $69,000. Wedbush Securities Inc. raised its holdings in shares of YRC Worldwide by 15.3% during the first quarter. Wedbush Securities Inc. now owns 34,600 shares of the transportation company’s stock worth $231,000 after acquiring an additional 4,600 shares in the last quarter. Finally, Meeder Asset Management Inc. raised its holdings in shares of YRC Worldwide by 1,137.7% during the first quarter. Meeder Asset Management Inc. now owns 4,666 shares of the transportation company’s stock worth $31,000 after acquiring an additional 4,289 shares in the last quarter. Institutional investors own 71.77% of the company’s stock.

YRC Worldwide Company Profile

YRC Worldwide Inc, through its subsidiaries, provides a range of transportation services primarily in North America. The company operates in two segments, YRC Freight and Regional Transportation. The 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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Analyst Recommendations for YRC Worldwide (NASDAQ:YRCW)

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