Todays Report: The YRC Worldwide Inc. (YRCW) Earns Hold Rating from Analysts at Deutsche Bank AG

The YRC Worldwide Inc. (YRCW) Earns Hold Rating from Analysts at Deutsche Bank AG

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.

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