YRC Worldwide Inc (YRCW) Receives Average Recommendation of “Hold” from Analysts
YRC Worldwide Inc (NASDAQ:YRCW) has been given a consensus recommendation of “Hold” by the eight analysts that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $16.25.
A number of research analysts recently weighed in on YRCW shares. Loop Capital started coverage on shares of YRC Worldwide in a report on Monday, October 1st. They issued a “buy” rating and a $18.00 target price for the company. Deutsche Bank raised shares of YRC Worldwide from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a report on Tuesday, August 21st. ValuEngine lowered shares of YRC Worldwide from a “hold” rating to a “sell” rating in a report on Wednesday, June 27th. BidaskClub lowered shares of YRC Worldwide from a “hold” rating to a “sell” rating in a report on Wednesday, August 1st. Finally, Stifel Nicolaus cut their target price on shares of YRC Worldwide from $17.00 to $15.00 and set a “buy” rating for the company in a report on Friday, August 3rd.
A number of hedge funds and other institutional investors have recently bought and sold shares of YRCW. Paloma Partners Management Co purchased a new position in YRC Worldwide during the second quarter worth $120,000. Sigma Planning Corp purchased a new position in YRC Worldwide during the second quarter worth $132,000. Keybank National Association OH purchased a new position in YRC Worldwide during the second quarter worth $141,000. AMP Capital Investors Ltd purchased a new position in YRC Worldwide during the second quarter worth $152,000. Finally, Hartford Investment Management Co. purchased a new position in YRC Worldwide during the second quarter worth $196,000. 78.18% of the stock is owned by institutional investors.
YRC Worldwide (NASDAQ:YRCW) last posted its earnings results on Thursday, August 2nd. The transportation company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). YRC Worldwide had a negative net margin of 0.09% and a negative return on equity of 2.36%. The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period last year, the business posted $0.57 earnings per share. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, equities analysts predict that YRC Worldwide will post 0.75 EPS for the current year.
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.
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