02 Jan YRC Worldwide Inc (NASDAQ:YRCW) Given Average Recommendatio…
YRC Worldwide Inc (NASDAQ:YRCW) has earned a consensus recommendation of “Hold” from the seven brokerages that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $6.50.
Several research firms have issued reports on YRCW. ValuEngine upgraded shares of YRC Worldwide from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. Zacks Investment Research downgraded shares of YRC Worldwide from a “hold” rating to a “sell” rating in a research note on Saturday, November 9th.
NASDAQ YRCW opened at $2.50 on Friday. The company has a 50-day simple moving average of $3.46 and a two-hundred day simple moving average of $3.46. YRC Worldwide has a 12-month low of $1.95 and a 12-month high of $8.67. The firm has a market cap of $90.99 million, a price-to-earnings ratio of 5.56 and a beta of 4.61.
YRC Worldwide (NASDAQ:YRCW) last posted its quarterly earnings results on Thursday, October 31st. The transportation company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.03. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the previous year, the company earned $0.09 earnings per share. The business’s quarterly revenue was down 3.6% on a year-over-year basis. Equities analysts expect that YRC Worldwide will post -2.32 earnings per share for the current year.
Large investors have recently modified their holdings of the company. IHT Wealth Management LLC bought a new position in shares of YRC Worldwide during the third quarter valued at about $30,000. Metropolitan Life Insurance Co NY bought a new position in shares of YRC Worldwide during the first quarter valued at about $77,000. Public Employees Retirement System of Ohio raised its stake in shares of YRC Worldwide by 49.1% during the third quarter. Public Employees Retirement System of Ohio now owns 13,136 shares of the transportation company’s stock valued at $40,000 after acquiring an additional 4,327 shares during the last quarter. Commonwealth Equity Services LLC bought a new position in shares of YRC Worldwide during the second quarter valued at about $54,000. Finally, First Allied Advisory Services Inc. bought a new position in shares of YRC Worldwide during the third quarter valued at about $51,000. 66.99% of the stock is owned by hedge funds and other institutional investors.
YRC Worldwide Company Profile
YRC Worldwide Inc, through its subsidiaries, provides a range of transportation services primarily in North America. The company operates in two segments, YRC Freight and Regional Transportation. The 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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