YRC Worldwide Inc. (YRCW) Stock Price Up 2.5%
Shares of YRC Worldwide Inc. (NASDAQ:YRCW) rose 2.5% during mid-day trading on Tuesday . The stock traded as high as $11.65 and last traded at $11.60, with a volume of 290,881 shares trading hands. The stock had previously closed at $11.32.
YRCW has been the topic of several recent analyst reports. Zacks Investment Research downgraded 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 reissued a “buy” rating and set a $14.00 target price on shares of YRC Worldwide in a research note on Monday, June 27th. Finally, Deutsche Bank AG set a $13.00 target price on YRC Worldwide and gave the company a “buy” rating in a research note on Thursday, July 21st.
The firm has a market cap of $385.72 million and a P/E ratio of 32.93. The stock’s 50 day moving average is $11.07 and its 200 day moving average is $9.52.
YRC Worldwide (NASDAQ:YRCW) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.25. The firm earned $1.21 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period in the prior year, the company posted $0.80 earnings per share. The firm’s revenue for the quarter was down 4.0% on a year-over-year basis. On average, analysts forecast that YRC Worldwide Inc. will post $0.92 earnings per share for the current fiscal year.
In other news, insider Thomas Joseph O’connor III sold 14,411 shares of the company’s stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of $11.97, for a total value of $172,499.67. Following the sale, the insider now owns 34,747 shares in the company, valued at $415,921.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jamie G. Pierson sold 49,000 shares of the company’s stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $11.28, for a total value of $552,720.00. Following the completion of the sale, the insider now owns 191,981 shares in the company, valued at approximately $2,165,545.68. The disclosure for this sale can be found here.
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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