Zacks Investment Research Lowers Yellow (NASDAQ:YELL) to Hold

Zacks Investment Research lowered shares of Yellow (NASDAQ:YELLGet Rating) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning, Zacks.com reports.

According to Zacks, “Yellow Corporation provides comprehensive logistics and less-than-truckload networks in North America with local, regional, national and international. The company offers industry expertise in flexible supply chain solutions, ensuring customers can ship industrial, commercial and retail goods. It is the holding company for a portfolio of LTL brands including Holland, New Penn, Reddaway and YRC Freight, as well as the logistics company HNRY Logistics. Yellow Corporation, formerly known as YRC Worldwide Inc., is headquarted in OVERLAND PARK, Kan. “

Several other analysts also recently commented on YELL. Stephens increased their target price on Yellow from $12.00 to $15.00 in a research note on Tuesday, January 4th. TheStreet lowered Yellow from a c- rating to a d+ rating in a research report on Friday, January 7th.

Yellow stock opened at $4.72 on Wednesday. Yellow has a twelve month low of $4.11 and a twelve month high of $15.24. The stock’s 50 day moving average is $6.63 and its 200 day moving average is $9.67.

Yellow (NASDAQ:YELLGet Rating) last issued its quarterly earnings results on Wednesday, February 2nd. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.35. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.30 billion. Yellow’s revenue was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.37) earnings per share. On average, analysts expect that Yellow will post 0.75 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Metropolitan Life Insurance Co NY grew its holdings in shares of Yellow by 27.6% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 8,344 shares of the company’s stock worth $105,000 after acquiring an additional 1,803 shares during the period. Counterpoint Mutual Funds LLC purchased a new position in Yellow in the fourth quarter worth about $25,000. Parametric Portfolio Associates LLC grew its stake in shares of Yellow by 14.7% during the 4th quarter. Parametric Portfolio Associates LLC now owns 17,940 shares of the company’s stock valued at $226,000 after purchasing an additional 2,294 shares during the period. SG3 Management LLC bought a new stake in shares of Yellow during the 4th quarter valued at about $31,000. Finally, Citigroup Inc. increased its position in shares of Yellow by 135.5% during the 3rd quarter. Citigroup Inc. now owns 5,643 shares of the company’s stock valued at $32,000 after purchasing an additional 3,247 shares during the last quarter. 48.50% of the stock is currently owned by hedge funds and other institutional investors.

About Yellow (Get Rating)

Yellow Corporation, through its subsidiaries, provides various transportation services primarily in North America. The company primarily offers less-than-truckload (LTL) shipments and supply chain solutions to transport industrial, commercial, and retail goods. It also provides customer-specific logistics solutions, including truckload, residential, and warehouse solutions, as well as ships apparels, appliances, automotive parts, chemicals, food, furniture, glass, machinery, metal, metal products, non-bulk petroleum products, rubber, textiles, wood, and other manufactured products or components.

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