ValuEngine Lowers YRC Worldwide (YRCW) to Strong Sell

ValuEngine cut shares of YRC Worldwide (NASDAQ:YRCW) from a sell rating to a strong sell rating in a research note released on Monday.

Several other research firms also recently commented on YRCW. Stifel Nicolaus restated a buy rating and set a $21.00 price objective on shares of YRC Worldwide in a report on Thursday, January 18th. BidaskClub downgraded YRC Worldwide from a strong-buy rating to a buy rating in a report on Monday, February 5th. Zacks Investment Research downgraded YRC Worldwide from a hold rating to a strong sell rating in a report on Friday, March 30th. Stephens restated a buy rating and set a $19.00 price objective on shares of YRC Worldwide in a report on Tuesday, January 2nd. Finally, Seaport Global Securities restated a neutral rating on shares of YRC Worldwide in a report on Friday, February 2nd. Three research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $18.00.

Shares of YRCW stock opened at $8.68 on Monday. YRC Worldwide has a 52-week low of $7.36 and a 52-week high of $17.61. The company has a debt-to-equity ratio of -2.48, a current ratio of 1.29 and a quick ratio of 1.29. The company has a market cap of $297.70, a P/E ratio of 57.87 and a beta of 4.05.



YRC Worldwide (NASDAQ:YRCW) last issued its quarterly earnings results on Thursday, February 1st. The transportation company reported ($0.23) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.26). YRC Worldwide had a negative return on equity of 1.31% and a negative net margin of 0.22%. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the prior year, the business posted ($0.23) earnings per share. YRC Worldwide’s revenue was up 5.3% on a year-over-year basis. research analysts expect that YRC Worldwide will post 0.89 EPS for the current year.

In other YRC Worldwide news, insider Scott D. Ware sold 14,000 shares of the firm’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $8.61, for a total transaction of $120,540.00. Following the transaction, the insider now directly owns 39,095 shares in the company, valued at approximately $336,607.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 4.70% of the company’s stock.

Several large investors have recently made changes to their positions in YRCW. Jane Street Group LLC purchased a new position in shares of YRC Worldwide in the 3rd quarter valued at $159,000. Teacher Retirement System of Texas purchased a new position in shares of YRC Worldwide in the 4th quarter valued at $163,000. MetLife Investment Advisors LLC purchased a new position in shares of YRC Worldwide in the 4th quarter valued at $213,000. Fox Run Management L.L.C. purchased a new position in shares of YRC Worldwide in the 4th quarter valued at $265,000. Finally, Stone Ridge Asset Management LLC purchased a new position in shares of YRC Worldwide in the 4th quarter valued at $310,000. Institutional investors and hedge funds own 83.71% of the company’s stock.

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About YRC Worldwide

YRC Worldwide Inc, through its subsidiaries, provides various transportation services primarily in North America. Its 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.

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

Analyst Recommendations for YRC Worldwide (NASDAQ:YRCW)

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