YRC Worldwide (NASDAQ:YRCW) Upgraded by ValuEngine to Hold

YRC Worldwide (NASDAQ:YRCW) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a report released on Thursday, January 18th.

YRCW has been the subject of several other reports. Stifel Nicolaus reissued a “buy” rating and issued a $18.00 target price (down from $19.00) on shares of YRC Worldwide in a research report on Thursday, October 19th. Zacks Investment Research raised shares of YRC Worldwide from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research report on Wednesday, October 18th. BidaskClub raised shares of YRC Worldwide from a “hold” rating to a “buy” rating in a research report on Saturday, December 2nd. Finally, Stephens reissued a “buy” rating and issued a $19.00 target price on shares of YRC Worldwide in a research report on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. YRC Worldwide has an average rating of “Buy” and a consensus target price of $18.00.

YRC Worldwide (NASDAQ:YRCW) traded up $0.46 during mid-day trading on Thursday, hitting $10.09. 1,599,031 shares of the stock were exchanged, compared to its average volume of 1,026,654. YRC Worldwide has a twelve month low of $7.36 and a twelve month high of $17.61. The company has a debt-to-equity ratio of -2.26, a current ratio of 1.39 and a quick ratio of 1.39. The firm has a market capitalization of $338.20, a price-to-earnings ratio of -28.83 and a beta of 3.86.

YRC Worldwide (NASDAQ:YRCW) last announced its quarterly earnings data on Thursday, February 1st. The transportation company reported ($0.23) EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.26). YRC Worldwide had a negative net margin of 0.22% and a negative return on equity of 1.26%. The company had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the previous year, the firm posted ($0.23) earnings per share. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. equities research analysts predict that YRC Worldwide will post 1.3 EPS for the current fiscal year.

In related news, insider Justin M. Hall bought 5,000 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was purchased at an average cost of $11.09 per share, for a total transaction of $55,450.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO James L. Welch sold 100,000 shares of the company’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $12.24, for a total transaction of $1,224,000.00. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by insiders.

Several hedge funds have recently made changes to their positions in YRCW. Boston Partners acquired a new position in shares of YRC Worldwide in the 4th quarter valued at $12,879,000. Formula Growth Ltd. raised its stake in shares of YRC Worldwide by 277.4% in the 2nd quarter. Formula Growth Ltd. now owns 1,000,000 shares of the transportation company’s stock valued at $11,120,000 after buying an additional 735,000 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in shares of YRC Worldwide in the 3rd quarter valued at $6,280,000. Cooper Creek Partners Management LLC bought a new stake in shares of YRC Worldwide in the 2nd quarter worth about $3,516,000. Finally, Penn Capital Management Co. Inc. grew its holdings in shares of YRC Worldwide by 92.6% in the 2nd quarter. Penn Capital Management Co. Inc. now owns 443,621 shares of the transportation company’s stock worth $4,933,000 after purchasing an additional 213,278 shares during the last quarter. Institutional investors own 84.55% of the company’s stock.

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About YRC Worldwide

YRC Worldwide Inc is a holding company. The Company, through its subsidiaries, offers its customers a range of transportation services. The Company operates through two segments: YRC Freight and Regional Transportation. The Company has less-than-truckload (LTL) networks in North America with local, regional, national and international capabilities.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for YRC Worldwide (NASDAQ:YRCW)

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