Analysts Set YRC Worldwide Inc (YRCW) PT at $18.00
YRC Worldwide Inc (NASDAQ:YRCW) has earned an average recommendation of “Buy” from the eight brokerages that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $18.00.
YRCW has been the subject of several research reports. ValuEngine lowered shares of YRC Worldwide from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Zacks Investment Research lowered shares of YRC Worldwide from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 8th. Stifel Nicolaus reiterated a “buy” rating and set a $18.00 price objective (down previously from $19.00) on shares of YRC Worldwide in a research report on Thursday, October 19th. Finally, BidaskClub upgraded shares of YRC Worldwide from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 15th.
YRC Worldwide (YRCW) opened at $9.60 on Tuesday. YRC Worldwide has a 12-month low of $7.36 and a 12-month high of $17.61. The company has a debt-to-equity ratio of -2.26, a quick ratio of 1.39 and a current ratio of 1.39. The company has a market cap of $348.93, a price-to-earnings ratio of 80.08 and a beta of 3.86.
In related news, CEO James L. Welch sold 100,000 shares of the firm’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $12.24, for a total value of $1,224,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Justin M. Hall purchased 5,000 shares of YRC Worldwide stock in a transaction that occurred on Thursday, November 16th. The stock was bought at an average cost of $11.09 per share, for a total transaction of $55,450.00. The disclosure for this purchase can be found here. Corporate insiders own 3.70% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. First Quadrant L P CA purchased a new position in YRC Worldwide in the 3rd quarter worth about $132,000. Los Angeles Capital Management & Equity Research Inc. purchased a new position in YRC Worldwide in the 3rd quarter worth about $150,000. Jane Street Group LLC purchased a new position in YRC Worldwide in the 3rd quarter worth about $159,000. Boothbay Fund Management LLC purchased a new position in YRC Worldwide in the 3rd quarter worth about $160,000. Finally, Teacher Retirement System of Texas purchased a new position in YRC Worldwide during the 4th quarter valued at about $163,000. 84.55% of the stock is currently owned by institutional investors.
YRC Worldwide Company Profile
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.
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