YRC Worldwide Inc (NASDAQ:YRCW) Given Average Recommendation of “Hold” by Brokerages

YRC Worldwide Inc (NASDAQ:YRCW) has been assigned a consensus recommendation of “Hold” from the nine analysts that are presently covering the company, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $7.85.

A number of equities analysts have recently commented on YRCW shares. Stephens set a $5.00 price objective on YRC Worldwide and gave the stock a “hold” rating in a research note on Monday, August 12th. ValuEngine upgraded YRC Worldwide from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st.

Shares of YRC Worldwide stock traded down $0.21 during trading on Thursday, reaching $4.34. The company’s stock had a trading volume of 21,585 shares, compared to its average volume of 1,082,754. The business’s fifty day moving average price is $3.50 and its 200-day moving average price is $4.29. The firm has a market cap of $160.00 million, a price-to-earnings ratio of 9.64 and a beta of 4.63. YRC Worldwide has a one year low of $1.95 and a one year high of $8.67.

YRC Worldwide (NASDAQ:YRCW) last posted its quarterly earnings data on Friday, August 9th. The transportation company reported ($0.71) EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.95). The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.29 billion. The business’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.43 EPS. On average, equities research analysts anticipate that YRC Worldwide will post -2.28 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Commonwealth Equity Services LLC acquired a new position in YRC Worldwide during the 2nd quarter worth $54,000. Metropolitan Life Insurance Co NY acquired a new position in shares of YRC Worldwide during the first quarter worth $77,000. MetLife Investment Advisors LLC acquired a new position in shares of YRC Worldwide during the first quarter worth $108,000. Rhumbline Advisers lifted its holdings 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 purchasing an additional 5,231 shares during the period. Finally, Marshall Wace North America L.P. acquired a new position in shares of YRC Worldwide during the second quarter worth $216,000. Hedge funds and other institutional investors own 81.82% of the company’s stock.

About YRC Worldwide

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.

Featured Article: How to track put option volume

Analyst Recommendations for YRC Worldwide (NASDAQ:YRCW)

Receive News & Ratings for YRC Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for YRC Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.