YRC Worldwide (YRCW) Lowered to “Hold” at Stifel Nicolaus

Stifel Nicolaus downgraded shares of YRC Worldwide (NASDAQ:YRCW) from a buy rating to a hold rating in a report published on Friday morning, MarketBeat.com reports. The firm currently has $7.00 price objective on the transportation company’s stock.

A number of other equities research analysts have also recently weighed in on the company. Deutsche Bank upgraded YRC Worldwide from a hold rating to a buy rating and set a $13.00 price target on the stock in a report on Tuesday, August 21st. BidaskClub cut YRC Worldwide from a sell rating to a strong sell rating in a report on Tuesday, September 25th. Finally, Loop Capital began coverage on YRC Worldwide in a report on Monday, October 1st. They set a buy rating and a $18.00 target price on the stock. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $15.20.

Shares of YRCW traded down $0.96 on Friday, reaching $5.96. The stock had a trading volume of 2,152,281 shares, compared to its average volume of 915,886. The stock has a market cap of $226.45 million, a P/E ratio of 41.81 and a beta of 3.76. YRC Worldwide has a twelve month low of $5.82 and a twelve 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 earnings per share for the quarter, missing analysts’ consensus estimates 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 return on equity of 1.64% and a negative net margin of 0.09%. The business’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.09 EPS. As a group, equities analysts expect that YRC Worldwide will post 0.7 earnings per share for the current fiscal year.

A number of large investors have recently made changes to their positions in YRCW. Paloma Partners Management Co acquired a new stake in YRC Worldwide during the 2nd quarter valued at $120,000. Sigma Planning Corp acquired a new stake in YRC Worldwide during the 2nd quarter valued at $132,000. Keybank National Association OH acquired a new stake in YRC Worldwide during the 2nd quarter valued at $141,000. Symons Capital Management Inc. acquired a new stake in YRC Worldwide during the 3rd quarter valued at $141,000. Finally, AMP Capital Investors Ltd acquired a new stake in YRC Worldwide during the 2nd quarter valued at $152,000. Hedge funds and other institutional investors own 77.97% of the company’s stock.

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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