Deutsche Bank Raises Price Objective for YRC Worldwide Stock

YRC Worldwide, a holding company and provider of transportation services, has seen a significant price objective increase from Deutsche Bank. The financial institution has upped its price objective from $24.00 to $29.00 in a recent report, while maintaining a buy rating on the stock. This move comes as Deutsche Bank has also taken action on other service stocks, including BP plc and BHP Billiton Limited (ADR). Notably, YRC Worldwide has beaten expectations in its latest earnings report, posting a higher-than-anticipated profit of ($0.03) per share for the quarter. Analysts now expect the company to post a loss of $-3.23 per share for the current fiscal year.

Key Takeaways:

Deutsche Bank has increased its price objective for YRC Worldwide stock from $24.00 to $29.00, while maintaining a buy rating.
The firm has also reiterate its buy rating on shares of BP plc, with a GBX 480 ($7.27) price target, and on BHP Billiton Limited (ADR), with a $38.00 price target.
YRC Worldwide traded up 0.40% on Thursday, hitting $17.70 with 522,964 shares traded.
The company's 50-day moving average is $22.15 and its 200-day moving average is $22.4.
YRC Worldwide last released its earnings data on October 30th, beating the Thomson Reuters consensus estimate of ($0.05) by $0.02.

Statistics:

Deutsche Bank's price objective increase from $24.00 to $29.00 represents a 20.8% increase.
YRC Worldwide's stock traded up 0.40% on Thursday, closing at $17.70.
The company has a market capitalization of $553.2 million.
YRC Worldwide's 52-week low is $14.03, while its 52-week high is $29.21.
Analysts expect the company to post a loss of $-3.23 per share for the current fiscal year.

Sources:

Deutsche Bank report released on Thursday.
Thomson Reuters consensus estimate of ($0.05) per share for the quarter.
YRC Worldwide earnings data released on October 30th.
2014 Global Data Point.
SyndiGate Media Inc.

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