Yellow Corporation (NASDAQ:YELL) shares traded -4.62% lower at $1.86 on Wall Street last session.
In accordance with the data, 1 analysts cover Yellow Corporation (NASDAQ:YELL). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $2.50 and a low of $2.50, we find $2.50. Given the previous closing price of $1.95, this indicates a potential upside of 28.21 percent. YELL stock price is now 25.50% away from the 50-day moving average and -19.61% away from the 200-day moving average. The market capitalization of the company currently stands at $101.41M.
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It has been rated a hold by 1 analysts and a buy by 0. Brokers who have rated the stock have averaged $2.50 as their price target over the next twelve months.
In other news, MFN Partners, LP, 10% Owner bought 9,295,852 shares of the company’s stock on Jul 31. The stock was bought for $11,991,649 at an average price of $1.29. Upon completion of the transaction, the 10% Owner now directly owns 22,067,795 shares in the company, valued at $41.05 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 28, 10% Owner MFN Partners, LP bought 3,022,488 shares of the business’s stock. A total of $1,964,617 was incurred on buying the stock at an average price of $0.65. This leaves the insider owning 12,771,943 shares of the company worth $23.76 million. Insiders disposed of 195,806 shares of company stock worth roughly $0.36 million over the past 1 year. A total of 1.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in YELL stock. A new stake in Yellow Corporation shares was purchased by GRAHAM CAPITAL MANAGEMENT, L.P. during the first quarter worth $294,000. NORGES BANK invested $290,000 in shares of YELL during the first quarter. In the first quarter, SYKON CAPITAL LLC acquired a new stake in Yellow Corporation valued at approximately $93,000. VIRTU FINANCIAL LLC acquired a new stake in YELL for approximately $40,000. WALLEYE CAPITAL LLC purchased a new stake in YELL valued at around $32,000 in the second quarter.
Yellow Corporation (NASDAQ: YELL) opened at $1.8800 on Friday. During the past 12 months, Yellow Corporation has had a low of $0.43 and a high of $8.51. The fifty day moving average price for YELL is $1.4938 and a two-hundred day moving average price translates $2.3021 for the stock.
The latest earnings results from Yellow Corporation (NASDAQ: YELL) was released for Jun, 2023. According to the Trucking Company, earnings per share came in at -$0.28, beating analysts’ expectations of -$0.45 by 0.17. This compares to -$0.54 EPS in the same period last year. The net profit margin was 0.40% and return on equity was -5.90% for YELL. The company reported revenue of $1.16 billion for the quarter, compared to $1.26 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -8.08 percent. For the current quarter, analysts expect YELL to generate $1.25B in revenue.
Investors who held shares on 10/01/2002 were paid a $3.975 dividend.
Yellow Corporation(YELL) Company Profile
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 ship industrial, commercial, and retail goods. It also provides customer-specific logistics solutions, including truckload, residential, and warehouse solutions, as well as 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. In addition, the company offers specialized services, such as guaranteed expedited, time-specific delivery, cross-border, exhibit, product return, and government material shipment services; and consolidation and distribution, reverse logistics, and residential white glove services. As of December 31, 2022, it had a fleet of approximately 12,700 tractors comprising 11,700 owned and 1,000 leased tractors; and approximately 42,000 trailers consisting of 34,800 owned and 7,200 leased trailers. The company was formerly known as YRC Worldwide Inc. and changed its name to Yellow Corporation in February 2021. Yellow Corporation was founded in 1924 and is based in Nashville, Tennessee. On August 6, 2023, Yellow Corporation, along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware.
