Shares of YRC Worldwide Inc (NASDAQ:YRCW) gapped up before the market opened on Thursday . The stock had previously closed at $5.24, but opened at $4.40. YRC Worldwide shares last traded at $4.23, with a volume of 100,663 shares traded.
Several analysts have recently commented on YRCW shares. TheStreet downgraded shares of YRC Worldwide from a “c” rating to a “d+” rating in a research report on Wednesday, May 15th. Stephens set a $5.00 price objective on shares of YRC Worldwide and gave the stock a “hold” rating in a research report on Monday, August 12th. Deutsche Bank set a $8.00 price objective on shares of YRC Worldwide and gave the stock a “buy” rating in a research report on Monday, May 20th. Finally, ValuEngine raised shares of YRC Worldwide from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $7.85.
The company has a market cap of $152.36 million, a price-to-earnings ratio of 9.98 and a beta of 4.59. The firm’s 50-day moving average price is $2.68 and its 200 day moving average price is $5.00.
YRC Worldwide (NASDAQ:YRCW) last issued its earnings results on Friday, August 9th. The transportation company reported ($0.71) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.95). YRC Worldwide had a negative return on equity of 1.93% and a negative net margin of 0.96%. The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the business earned $0.43 earnings per share. YRC Worldwide’s revenue for the quarter was down 4.1% on a year-over-year basis. Sell-side analysts predict that YRC Worldwide Inc will post -1.84 earnings per share for the current year.
Institutional investors and hedge funds have recently modified their holdings of the stock. Royce & Associates LP bought a new position in shares of YRC Worldwide in the 1st quarter worth $38,000. BNP Paribas Arbitrage SA lifted its holdings in shares of YRC Worldwide by 86.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 7,215 shares of the transportation company’s stock worth $48,000 after purchasing an additional 3,335 shares in the last quarter. Metropolitan Life Insurance Co NY bought a new position in shares of YRC Worldwide in the 1st quarter worth $77,000. Commonwealth Equity Services LLC bought a new position in shares of YRC Worldwide in the 2nd quarter worth $54,000. Finally, MetLife Investment Advisors LLC bought a new position in shares of YRC Worldwide in the 1st quarter worth $108,000. Institutional investors own 81.82% of the company’s stock.
YRC Worldwide Company Profile (NASDAQ:YRCW)
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.
Further Reading: The role of implied volatility with call option volume
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.