YRC Worldwide (NASDAQ:YRCW) Stock Rating Upgraded by ValuEngine

YRC Worldwide (NASDAQ:YRCW) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday, ValuEngine reports.

YRCW has been the topic of a number of other reports. Seaport Global Securities restated a “neutral” rating on shares of YRC Worldwide in a research report on Friday, April 5th. TheStreet cut YRC Worldwide from a “c” rating to a “d+” rating in a research report on Wednesday, May 15th. Zacks Investment Research cut YRC Worldwide from a “buy” rating to a “hold” rating and set a $8.25 price objective on the stock. in a research report on Friday, May 3rd. BidaskClub cut YRC Worldwide from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. Finally, Deutsche Bank set a $8.00 price objective on YRC Worldwide and gave the company a “buy” rating in a research report on Monday, May 20th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $7.85.

Shares of YRCW stock opened at $3.07 on Thursday. YRC Worldwide has a 12 month low of $2.41 and a 12 month high of $10.23. The stock’s 50 day simple moving average is $3.68.

YRC Worldwide (NASDAQ:YRCW) last issued its quarterly earnings results on Wednesday, May 8th. The transportation company reported ($1.48) EPS for the quarter, missing analysts’ consensus estimates of ($0.73) by ($0.75). The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.19 billion. YRC Worldwide had a negative return on equity of 1.93% and a negative net margin of 0.20%. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.44) earnings per share. Equities research analysts anticipate that YRC Worldwide will post -0.64 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. grew its position in YRC Worldwide by 1,137.7% in the first quarter. Meeder Asset Management Inc. now owns 4,666 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 4,289 shares during the period. First Allied Advisory Services Inc. bought a new stake in YRC Worldwide in the fourth quarter valued at $35,000. Royce & Associates LP bought a new stake in YRC Worldwide in the first quarter valued at $38,000. BNP Paribas Arbitrage SA grew its position in 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 acquiring an additional 3,335 shares during the period. Finally, Stone Ridge Asset Management LLC bought a new stake in YRC Worldwide in the fourth quarter valued at $52,000. Institutional investors and hedge funds own 79.32% of the company’s stock.

About YRC Worldwide

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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