YRC Worldwide (YRCW) Given a $8.00 Price Target by Deutsche Bank Analysts

Deutsche Bank set a $8.00 price target on YRC Worldwide (NASDAQ:YRCW) in a research note released on Monday, TipRanks reports. The firm currently has a buy rating on the transportation company’s stock.

Other research analysts also recently issued reports about the company. BidaskClub upgraded YRC Worldwide from a hold rating to a buy rating in a report on Saturday, April 13th. Zacks Investment Research upgraded YRC Worldwide from a hold rating to a buy rating and set a $8.50 price target for the company in a report on Friday, April 19th. TheStreet upgraded YRC Worldwide from a d rating to a c- rating in a report on Friday, February 1st. Stephens set a $5.00 price target on YRC Worldwide and gave the company a hold rating in a report on Friday, March 22nd. Finally, ValuEngine upgraded YRC Worldwide from a sell rating to a hold rating in a report on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $7.85.

Shares of YRCW opened at $5.29 on Monday. The firm has a market capitalization of $185.65 million, a price-to-earnings ratio of 11.76 and a beta of 4.69. YRC Worldwide has a fifty-two week low of $2.41 and a fifty-two week high of $11.76.

YRC Worldwide (NASDAQ:YRCW) last issued its quarterly earnings results on Wednesday, May 8th. The transportation company reported ($1.48) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.73) by ($0.75). The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.19 billion. YRC Worldwide had a negative net margin of 0.20% and a negative return on equity of 1.93%. The company’s revenue was down 2.7% on a year-over-year basis. During the same quarter last year, the firm posted ($0.44) earnings per share. Equities research analysts anticipate that YRC Worldwide will post -0.08 earnings per share for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA increased its holdings in shares of YRC Worldwide by 86.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 7,215 shares of the transportation company’s stock worth $48,000 after buying an additional 3,335 shares during the last quarter. Meeder Asset Management Inc. increased its holdings in YRC Worldwide by 1,137.7% in the 1st quarter. Meeder Asset Management Inc. now owns 4,666 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 4,289 shares in the last quarter. Wedbush Securities Inc. increased its holdings in YRC Worldwide by 15.3% in the 1st quarter. Wedbush Securities Inc. now owns 34,600 shares of the transportation company’s stock valued at $231,000 after purchasing an additional 4,600 shares in the last quarter. Royce & Associates LP acquired a new stake in YRC Worldwide in the 1st quarter valued at $38,000. Finally, Globeflex Capital L P increased its holdings in YRC Worldwide by 17.3% in the 1st quarter. Globeflex Capital L P now owns 50,214 shares of the transportation company’s stock valued at $336,000 after purchasing an additional 7,414 shares in the last quarter. Institutional investors and hedge funds own 70.67% 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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