YRC Worldwide (NASDAQ:YRCW) was downgraded by equities research analysts at TheStreet from a “c” rating to a “d+” rating in a research report issued on Wednesday, TheStreetRatingsTable reports.
Other equities analysts have also issued reports about the stock. BidaskClub upgraded shares of YRC Worldwide from a “hold” rating to a “buy” rating in a report on Saturday, April 13th. Zacks Investment Research upgraded shares of YRC Worldwide from a “hold” rating to a “buy” rating and set a $8.50 target price on the stock in a report on Friday, April 19th. Stephens set a $5.00 target price on shares of YRC Worldwide and gave the company a “hold” rating in a report on Friday, March 22nd. ValuEngine upgraded shares of YRC Worldwide from a “sell” rating to a “hold” rating in a report on Tuesday, April 9th. Finally, Seaport Global Securities reiterated a “neutral” rating on shares of YRC Worldwide in a report on Friday, April 5th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $8.85.
NASDAQ:YRCW traded up $0.06 on Wednesday, hitting $5.59. The stock had a trading volume of 390,635 shares, compared to its average volume of 834,595. The firm has a market capitalization of $188.07 million, a price-to-earnings ratio of 12.42 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 posted its earnings results on Wednesday, May 8th. The transportation company reported ($1.48) earnings per share for the quarter, missing the consensus estimate of ($0.73) by ($0.75). The firm 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 business’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.44) earnings per share. Sell-side analysts anticipate that YRC Worldwide will post -0.08 EPS for the current year.
Hedge funds have recently modified their holdings of the company. Jane Street Group LLC acquired a new position in YRC Worldwide during the third quarter valued at $204,000. AQR Capital Management LLC grew its stake in YRC Worldwide by 32.5% during the 3rd quarter. AQR Capital Management LLC now owns 55,160 shares of the transportation company’s stock valued at $495,000 after acquiring an additional 13,519 shares in the last quarter. Wedbush Securities Inc. purchased a new stake in YRC Worldwide during the 4th quarter valued at about $95,000. Rhumbline Advisers grew its stake in YRC Worldwide by 42.4% during the 4th quarter. Rhumbline Advisers now owns 46,568 shares of the transportation company’s stock valued at $147,000 after acquiring an additional 13,877 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in YRC Worldwide during the 4th quarter valued at about $98,000. Hedge funds and other institutional investors own 70.67% 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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