YRC Worldwide (YRCW) Cut to “Strong Sell” at BidaskClub

YRC Worldwide (NASDAQ:YRCW) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Tuesday.

YRCW has been the topic of several other research reports. ValuEngine downgraded YRC Worldwide from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 3rd. Stifel Nicolaus cut their price objective on YRC Worldwide from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, August 3rd. Finally, Deutsche Bank raised YRC Worldwide from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a report on Tuesday, August 21st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $16.50.

Shares of YRCW stock opened at $9.24 on Tuesday. The firm has a market capitalization of $314.98 million, a price-to-earnings ratio of 61.60 and a beta of 3.60. YRC Worldwide has a fifty-two week low of $8.07 and a fifty-two week high of $17.61. The company has a debt-to-equity ratio of -2.51, a quick ratio of 1.30 and a current ratio of 1.30.

YRC Worldwide (NASDAQ:YRCW) last issued its earnings results on Thursday, August 2nd. The transportation company reported $0.43 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.06). The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.32 billion. YRC Worldwide had a negative net margin of 0.09% and a negative return on equity of 2.36%. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.57 EPS. analysts forecast that YRC Worldwide will post 0.75 earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Northern Trust Corp boosted its holdings in shares of YRC Worldwide by 2.0% during the 2nd quarter. Northern Trust Corp now owns 375,291 shares of the transportation company’s stock valued at $3,771,000 after acquiring an additional 7,525 shares in the last quarter. Paloma Partners Management Co acquired a new position in YRC Worldwide during the 2nd quarter worth about $120,000. Deprince Race & Zollo Inc. lifted its holdings in YRC Worldwide by 66.7% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 30,000 shares of the transportation company’s stock worth $302,000 after buying an additional 12,000 shares during the period. Sigma Planning Corp acquired a new position in YRC Worldwide during the 2nd quarter worth about $132,000. Finally, Dimensional Fund Advisors LP lifted its holdings in YRC Worldwide by 0.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,628,778 shares of the transportation company’s stock worth $16,369,000 after buying an additional 13,218 shares during the period. 78.17% of the stock is currently owned by institutional investors.

YRC Worldwide Company Profile

YRC Worldwide Inc, through its subsidiaries, provides various transportation services primarily in North America. Its 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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