YRC Worldwide (YRCW) Downgraded by Stifel Nicolaus

YRC Worldwide (NASDAQ:YRCW) was downgraded by stock analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday, The Fly reports.

A number of other equities analysts also recently weighed in on YRCW. BidaskClub downgraded shares of YRC Worldwide from a “hold” rating to a “sell” rating in a research note on Wednesday, August 1st. Loop Capital began coverage on shares of YRC Worldwide in a research note on Monday, October 1st. They issued a “buy” rating and a $18.00 target price for the company. Finally, Deutsche Bank raised shares of YRC Worldwide from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research note on Tuesday, August 21st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $16.80.

NASDAQ:YRCW opened at $6.92 on Friday. The stock has a market capitalization of $217.31 million, a price-to-earnings ratio of 46.13 and a beta of 3.76. YRC Worldwide has a 12 month low of $5.82 and a 12 month high of $17.61.

YRC Worldwide (NASDAQ:YRCW) last released its quarterly earnings results on Thursday, November 1st. The transportation company reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.42). The firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. YRC Worldwide had a negative net margin of 0.09% and a negative return on equity of 1.64%. YRC Worldwide’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.09 earnings per share. Equities research analysts predict that YRC Worldwide will post 0.7 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Northern Trust Corp raised its stake in shares of YRC Worldwide by 2.0% in the second quarter. Northern Trust Corp now owns 375,291 shares of the transportation company’s stock worth $3,771,000 after acquiring an additional 7,525 shares during the last quarter. Systematic Financial Management LP raised its stake in shares of YRC Worldwide by 8.6% in the third quarter. Systematic Financial Management LP now owns 134,585 shares of the transportation company’s stock worth $1,209,000 after acquiring an additional 10,675 shares during the last quarter. Paloma Partners Management Co bought a new position in shares of YRC Worldwide in the second quarter worth about $120,000. Deprince Race & Zollo Inc. raised its stake in shares of YRC Worldwide by 66.7% in the second quarter. Deprince Race & Zollo Inc. now owns 30,000 shares of the transportation company’s stock worth $302,000 after acquiring an additional 12,000 shares during the last quarter. Finally, Sigma Planning Corp bought a new position in shares of YRC Worldwide in the second quarter worth about $132,000. 77.97% of the stock is 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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Analyst Recommendations for YRC Worldwide (NASDAQ:YRCW)

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