Brokerages Set YRC Worldwide Inc (YRCW) PT at $15.75
Shares of YRC Worldwide Inc (NASDAQ:YRCW) have been given a consensus recommendation of “Buy” by the seven analysts that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $15.75.
YRCW has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of YRC Worldwide from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research note on Thursday, July 13th. BidaskClub upgraded shares of YRC Worldwide from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Stifel Nicolaus reiterated a “buy” rating and issued a $18.00 price objective (up previously from $16.00) on shares of YRC Worldwide in a research note on Friday, August 4th. Finally, Deutsche Bank AG lowered 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.
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Hedge funds have recently added to or reduced their stakes in the stock. Deprince Race & Zollo Inc. bought a new stake in YRC Worldwide during the first quarter valued at $143,000. Strs Ohio acquired a new stake in shares of YRC Worldwide during the first quarter worth approximately $164,000. Marshall Wace North America L.P. acquired a new stake in shares of YRC Worldwide during the second quarter worth approximately $168,000. Prudential Financial Inc. acquired a new stake in shares of YRC Worldwide during the first quarter worth approximately $177,000. Finally, Voya Investment Management LLC raised its stake in shares of YRC Worldwide by 18.7% in the second quarter. Voya Investment Management LLC now owns 17,288 shares of the transportation company’s stock worth $192,000 after buying an additional 2,720 shares during the period. Institutional investors own 87.51% of the company’s stock.
YRC Worldwide (NASDAQ YRCW) traded down 0.74% on Tuesday, hitting $12.04. 440,234 shares of the company were exchanged. YRC Worldwide has a one year low of $7.36 and a one year high of $16.97. The stock has a 50 day moving average price of $12.18 and a 200 day moving average price of $11.32. The firm has a market cap of $403.73 million, a price-to-earnings ratio of 4013.33 and a beta of 3.74.
YRC Worldwide (NASDAQ:YRCW) last released its quarterly earnings data on Thursday, August 3rd. The transportation company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.09. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.25 billion. The business’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.83 EPS. On average, equities research analysts forecast that YRC Worldwide will post $0.82 EPS for the current fiscal year.
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.
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