Brokerages Set YRC Worldwide Inc (NASDAQ:YRCW) Target Price at $6.50

Shares of YRC Worldwide Inc (NASDAQ:YRCW) have been given a consensus rating of “Hold” by the seven research firms that are presently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $6.50.

Separately, Zacks Investment Research upgraded YRC Worldwide from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th.

Shares of NASDAQ:YRCW traded down $0.12 during midday trading on Friday, hitting $1.74. The company had a trading volume of 2,895,495 shares, compared to its average volume of 1,716,900. YRC Worldwide has a twelve month low of $1.35 and a twelve month high of $8.67. The stock has a market cap of $64.58 million, a price-to-earnings ratio of -0.56 and a beta of 3.99. The business’s 50-day simple moving average is $2.07 and its 200-day simple moving average is $2.92.

YRC Worldwide (NASDAQ:YRCW) last released its quarterly earnings results on Tuesday, February 4th. The transportation company reported ($0.46) EPS for the quarter, topping the consensus estimate of ($0.55) by $0.09. The firm had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the prior year, the business earned $0.64 earnings per share. The company’s quarterly revenue was down 7.0% on a year-over-year basis. As a group, equities research analysts expect that YRC Worldwide will post -0.92 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of YRCW. Public Employees Retirement System of Ohio raised its stake in 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 worth $40,000 after acquiring an additional 4,327 shares during the period. Rhumbline Advisers raised its stake in shares of YRC Worldwide by 10.6% during the third quarter. Rhumbline Advisers now owns 54,700 shares of the transportation company’s stock worth $165,000 after buying an additional 5,231 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of YRC Worldwide by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 454,335 shares of the transportation company’s stock worth $1,158,000 after buying an additional 6,244 shares during the last quarter. IHT Wealth Management LLC bought a new stake in shares of YRC Worldwide during the third quarter worth approximately $30,000. Finally, Metropolitan Life Insurance Co NY bought a new stake in shares of YRC Worldwide during the first quarter worth approximately $77,000. Institutional investors and hedge funds own 68.00% of the company’s stock.

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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