BidaskClub Lowers YRC Worldwide (YRCW) to Hold
YRC Worldwide (NASDAQ:YRCW) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.
A number of other analysts have also commented on YRCW. Zacks Investment Research upgraded shares of YRC Worldwide from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research note on Wednesday, October 18th. Stifel Nicolaus restated a “buy” rating and set a $18.00 price target (down previously from $19.00) on shares of YRC Worldwide in a research note on Thursday, October 19th. ValuEngine lowered shares of YRC Worldwide from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. Finally, Stephens restated a “buy” rating and set a $19.00 price target on shares of YRC Worldwide in a research note on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. YRC Worldwide has a consensus rating of “Hold” and a consensus target price of $18.00.
Shares of YRC Worldwide (YRCW) opened at $9.88 on Tuesday. The firm has a market cap of $331.16, a price-to-earnings ratio of -28.23 and a beta of 3.86. The company has a debt-to-equity ratio of -2.26, a current ratio of 1.39 and a quick ratio of 1.39. YRC Worldwide has a one year low of $7.36 and a one year high of $17.61.
In other YRC Worldwide news, insider Justin M. Hall purchased 5,000 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was acquired at an average price of $11.09 per share, for a total transaction of $55,450.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 3.70% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. First Quadrant L P CA purchased a new position in YRC Worldwide during the 3rd quarter worth $132,000. Los Angeles Capital Management & Equity Research Inc. purchased a new position in YRC Worldwide during the 3rd quarter worth $150,000. Jane Street Group LLC purchased a new position in YRC Worldwide during the 3rd quarter worth $159,000. Boothbay Fund Management LLC purchased a new position in YRC Worldwide during the 3rd quarter worth $160,000. Finally, Teacher Retirement System of Texas purchased a new position in YRC Worldwide during the 4th quarter worth $163,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.
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About YRC Worldwide
YRC Worldwide Inc is a holding company. The Company, through its subsidiaries, offers its customers a range of transportation services. The Company operates through two segments: YRC Freight and Regional Transportation. The Company has less-than-truckload (LTL) networks in North America with local, regional, national and international capabilities.
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