Deutsche Bank AG initiated coverage on shares of YRC Worldwide Inc. (NASDAQ:YRCW) in a research note issued on Wednesday. The brokerage set a “hold” rating and a $11.00 price target on the stock. Deutsche Bank AG’s target price would indicate a potential downside of 12.91% from the company’s current price.
YRCW has been the topic of a number of other reports. Zacks Investment Research lowered shares of YRC Worldwide from a “hold” rating to a “sell” rating in a report on Tuesday, July 5th. Standpoint Research restated a “buy” rating on shares of YRC Worldwide in a report on Wednesday, July 27th. Finally, Aegis initiated coverage on shares of YRC Worldwide in a report on Monday, October 24th. They issued a “buy” rating and a $20.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $14.75.
YRC Worldwide (NASDAQ:YRCW) traded down 0.94% during midday trading on Wednesday, reaching $12.63. 761,415 shares of the company’s stock traded hands. The company has a market capitalization of $420.25 million, a PE ratio of 75.18 and a beta of 3.33. YRC Worldwide has a 1-year low of $6.25 and a 1-year high of $17.73. The firm’s 50 day moving average price is $11.43 and its 200-day moving average price is $10.66.
YRC Worldwide (NASDAQ:YRCW) last announced its quarterly earnings data on Thursday, October 27th. The company reported $0.42 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.54 by $0.12. YRC Worldwide had a net margin of 0.12% and a negative return on equity of 9.39%. The firm earned $1.22 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the previous year, the business posted $0.61 earnings per share. YRC Worldwide’s revenue for the quarter was down 1.9% compared to the same quarter last year. Equities analysts expect that YRC Worldwide will post $0.87 EPS for the current year.
A number of large investors have recently made changes to their positions in the company. Quantbot Technologies LP bought a new stake in shares of YRC Worldwide during the third quarter valued at approximately $128,000. Alliancebernstein L.P. increased its position in shares of YRC Worldwide by 34.1% in the second quarter. Alliancebernstein L.P. now owns 16,920 shares of the company’s stock valued at $149,000 after buying an additional 4,300 shares during the last quarter. Smith Asset Management Group LP increased its position in shares of YRC Worldwide by 69.0% in the second quarter. Smith Asset Management Group LP now owns 18,130 shares of the company’s stock valued at $160,000 after buying an additional 7,400 shares during the last quarter. Quantitative Systematic Strategies LLC acquired a new position in shares of YRC Worldwide during the second quarter valued at about $161,000. Finally, Deprince Race & Zollo Inc. acquired a new position in shares of YRC Worldwide during the third quarter valued at about $166,000. Hedge funds and other institutional investors own 81.93% of the company’s stock.
About YRC Worldwide