Shares of YRC Worldwide, Inc. (NASDAQ:YRCW) have been given an average recommendation of “Buy” by the seven research firms that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $15.75.
A number of research analysts recently weighed in on YRCW shares. 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 report on Thursday, July 13th. Deutsche Bank AG dropped their price objective on shares of YRC Worldwide from $18.00 to $11.00 and set a “hold” rating for the company in a research note on Monday, May 8th. BidaskClub raised shares of YRC Worldwide from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $18.00 price objective (up from $16.00) on shares of YRC Worldwide in a research note on Friday, August 4th.
Shares of YRC Worldwide (NASDAQ:YRCW) opened at 12.08 on Friday. The company has a market capitalization of $405.07 million, a price-to-earnings ratio of 4026.67 and a beta of 3.74. YRC Worldwide has a 12-month low of $7.36 and a 12-month high of $16.97. The company’s 50-day moving average is $12.00 and its 200-day moving average is $11.41.
YRC Worldwide (NASDAQ:YRCW) last posted its earnings results on Thursday, August 3rd. The transportation company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.09. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same period last year, the business posted $0.83 earnings per share. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. Analysts predict that YRC Worldwide will post $0.82 EPS for the current year.
Hedge funds have recently added to or reduced their stakes in the company. State Street Corp increased its stake in YRC Worldwide by 49.5% in the fourth quarter. State Street Corp now owns 872,885 shares of the transportation company’s stock valued at $11,589,000 after buying an additional 288,946 shares during the period. Dimensional Fund Advisors LP increased its stake in YRC Worldwide by 31.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,297,173 shares of the transportation company’s stock valued at $17,227,000 after buying an additional 309,931 shares during the period. Federated Investors Inc. PA increased its stake in YRC Worldwide by 123.2% in the fourth quarter. Federated Investors Inc. PA now owns 27,192 shares of the transportation company’s stock valued at $361,000 after buying an additional 15,010 shares during the period. FMR LLC increased its stake in YRC Worldwide by 499.7% in the fourth quarter. FMR LLC now owns 988,832 shares of the transportation company’s stock valued at $13,132,000 after buying an additional 823,934 shares during the period. Finally, Guggenheim Capital LLC acquired a new stake in YRC Worldwide during the fourth quarter valued at $252,000. Institutional investors and hedge funds own 85.11% of the company’s stock.
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.
Receive News & Ratings for YRC Worldwide Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for YRC Worldwide Inc. and related companies with MarketBeat.com's FREE daily email newsletter.