YRC Worldwide (YRCW) Upgraded at ValuEngine

ValuEngine upgraded shares of YRC Worldwide (NASDAQ:YRCW) from a strong sell rating to a sell rating in a research note released on Monday morning.

Several other equities research analysts have also weighed in on YRCW. Loop Capital began coverage on YRC Worldwide in a research note on Monday, October 1st. They issued a buy rating and a $18.00 price objective on the stock. BidaskClub lowered YRC Worldwide from a sell rating to a strong sell rating in a research note on Tuesday, September 25th. Finally, Stifel Nicolaus lowered YRC Worldwide from a buy rating to a hold rating and set a $7.00 price objective on the stock. in a research note on Friday, November 9th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $12.50.

Shares of YRCW opened at $4.33 on Monday. YRC Worldwide has a 12-month low of $2.41 and a 12-month high of $17.61. The stock has a market cap of $146.56 million, a P/E ratio of 28.87 and a beta of 3.62.

YRC Worldwide (NASDAQ:YRCW) last released its quarterly earnings data on Thursday, November 1st. The transportation company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.42). YRC Worldwide had a negative net margin of 0.09% and a negative return on equity of 1.64%. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the company posted $0.09 earnings per share. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, equities analysts anticipate that YRC Worldwide will post 0.45 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Paloma Partners Management Co bought a new stake in YRC Worldwide during the 2nd quarter worth approximately $120,000. Symons Capital Management Inc. bought a new stake in YRC Worldwide during the 3rd quarter worth approximately $141,000. AMP Capital Investors Ltd bought a new stake in YRC Worldwide during the 2nd quarter worth approximately $152,000. Jane Street Group LLC bought a new stake in YRC Worldwide during the 3rd quarter worth approximately $204,000. Finally, Putnam Investments LLC bought a new stake in YRC Worldwide during the 3rd quarter worth approximately $316,000. Institutional investors and hedge funds own 75.93% of the company’s stock.

About YRC Worldwide

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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