Shares of YRC Worldwide Inc. (NASDAQ:YRCW) have been assigned an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation.
Analysts have set a 12 month consensus price objective of $15.00 for the company and are forecasting that the company will post $0.44 EPS for the current quarter, according to Zacks. Zacks has also assigned YRC Worldwide an industry rank of 237 out of 265 based on the ratings given to related companies.
YRCW has been the subject of a number of recent analyst reports. Zacks Investment Research lowered shares of YRC Worldwide from a “hold” rating to a “sell” rating in a research note on Tuesday, July 5th. Standpoint Research reissued a “buy” rating on shares of YRC Worldwide in a research note on Wednesday, July 27th. Stifel Nicolaus restated a “buy” rating and issued a $14.00 price objective on shares of YRC Worldwide in a report on Monday, June 27th. Finally, Deutsche Bank AG set a $13.00 price objective on YRC Worldwide and gave the company a “buy” rating in a report on Thursday, July 21st.
Shares of YRC Worldwide (NASDAQ:YRCW) opened at 12.30 on Monday. The stock’s 50 day moving average is $11.64 and its 200-day moving average is $9.97. YRC Worldwide has a one year low of $6.25 and a one year high of $18.50. The stock has a market cap of $409.34 million, a P/E ratio of 34.94 and a beta of 3.72.
YRC Worldwide (NASDAQ:YRCW) last issued its earnings results on Thursday, July 28th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.25. The firm earned $1.21 billion during the quarter, compared to analyst estimates of $1.20 billion. YRC Worldwide had a net margin of 0.24% and a negative return on equity of 10.39%. The business’s revenue was down 4.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.80 earnings per share. On average, equities analysts forecast that YRC Worldwide will post $1.04 EPS for the current year.
In other YRC Worldwide news, insider Justin M. Hall sold 2,200 shares of the business’s stock in a transaction dated Tuesday, August 23rd. The shares were sold at an average price of $11.55, for a total value of $25,410.00. Following the completion of the transaction, the insider now directly owns 23,977 shares in the company, valued at $276,934.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jamie G. Pierson sold 49,000 shares of the business’s stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $11.28, for a total transaction of $552,720.00. Following the completion of the transaction, the insider now owns 191,981 shares of the company’s stock, valued at $2,165,545.68. The disclosure for this sale can be found here. 3.30% of the stock is owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in YRCW. Bank of New York Mellon Corp increased its position in shares of YRC Worldwide by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 156,478 shares of the company’s stock worth $1,377,000 after buying an additional 413 shares in the last quarter. American Century Companies Inc. increased its position in shares of YRC Worldwide by 0.3% in the second quarter. American Century Companies Inc. now owns 311,752 shares of the company’s stock worth $2,743,000 after buying an additional 870 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in shares of YRC Worldwide by 6.5% in the second quarter. Parametric Portfolio Associates LLC now owns 59,275 shares of the company’s stock worth $522,000 after buying an additional 3,594 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of YRC Worldwide by 34.1% in the second quarter. Alliancebernstein L.P. now owns 16,920 shares of the company’s stock worth $149,000 after buying an additional 4,300 shares in the last quarter. Finally, Smith Asset Management Group LP increased its position in shares of YRC Worldwide by 69.0% in the second quarter. Smith Asset Management Group LP now owns 18,130 shares of the company’s stock worth $160,000 after buying an additional 7,400 shares in the last quarter. Institutional investors and hedge funds own 79.03% of the company’s stock.
YRC Worldwide Company Profile
YRC Worldwide Inc (YRC Worldwide) is a holding company that, through its subsidiaries and its interest in a Chinese joint venture, offers a range of transportation services. The Company has a less-than-truckload (LTL) networks in North America with local, regional, national and international capabilities.
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