Analyst Rating Update on YRC Worldwide (YRCW)

YRC Worldwide (NASDAQ:YRCW) : 4 brokerage houses believe that YRC Worldwide (NASDAQ:YRCW) is a Strong Buy at current levels. Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 4 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.

YRC Worldwide (NASDAQ:YRCW) : Average target price received by YRC Worldwide (NASDAQ:YRCW) is $20 with an expected standard deviation of $6.38. The most aggressive target on the stock is $26, whereas the most downbeat target is $14. 4 financial analysts are currently covering the stock.

For the current week, the company shares have a recommendation consensus of Buy.

YRC Worldwide (NASDAQ:YRCW): stock turned positive on Tuesday. Though the stock opened at $8.19, the bulls momentum made the stock top out at $8.4 level for the day. The stock recorded a low of $8.14 and closed the trading day at $8.38, in the green by 5.28%. The total traded volume for the day was 813,708. The stock had closed at $7.96 in the previous days trading.

In an insider trading activity, The Securities and Exchange Commission has divulged in a Form 4 filing that the CFO of Yrc Worldwide Inc., Pierson Jamie G. had purchased shares worth of $235,200 in a transaction dated on February 11, 2016. A total of 35,000 shares were purchased at a price of $6.72 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

YRC Worldwide Inc. is a holding company that, through its wholly owned subsidiaries and its interest in a Chinese joint venture, offers a range of transportation services. The Company has a less-than-truckload (LTL) networks in North America with local, regional, national and international capabilities. It offers supply chain solutions enabling customers to ship industrial, commercial and retail goods. It operates in two segments, which include YRC Freight and Regional Transportation. The YRC Freight segment is focused on business opportunities in national, regional and international markets. YRC Freight provides for the movement of industrial, commercial and retail goods, through its subsidiary YRC Inc. (YRC Freight) and Reimer Express (YRC Reimer). Its Regional Transportation segment is a transportation service provider that comprises USF Holland Inc. (Holland), New Penn Motor Express, Inc. (New Penn) and USF Reddaway Inc. (Reddaway).

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.