Con-Way Director W Keith Kennedy Jr Sells 3,000 Shares (CNW)
Con-Way (NYSE:CNW) Director W Keith Kennedy, Jr. sold 3,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $39.33, for a total transaction of $117,990.00. Following the transaction, the director now directly owns 30,999 shares of the company’s stock, valued at approximately $1,219,191. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
CNW has been the subject of a number of recent research reports. Analysts at UBS AG initiated coverage on shares of Con-Way in a research note to investors on Monday, December 16th. They set a “hold” rating and a $45.00 price target on the stock. Separately, analysts at Deutsche Bank downgraded shares of Con-Way from a “buy” rating to a “hold” rating in a research note to investors on Monday, December 16th. They now have a $45.00 price target on the stock, down previously from $46.00. Finally, analysts at Zacks downgraded shares of Con-Way from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, November 5th. They now have a $39.70 price target on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $42.98.
Con-Way (NYSE:CNW) traded up 0.49% during mid-day trading on Friday, hitting $38.95. The stock had a trading volume of 307,960 shares. Con-Way has a one year low of $28.33 and a one year high of $46.52. The stock has a 50-day moving average of $40.40 and a 200-day moving average of $41.90. The company has a market cap of $2.216 billion and a P/E ratio of 22.24.
Con-Way (NYSE:CNW) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.58 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.62 by $0.04. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter last year, the company posted $0.45 earnings per share. Con-Way’s revenue was down .4% compared to the same quarter last year. Analysts expect that Con-Way will post $1.83 EPS for the current fiscal year.
Con-way Inc and its subsidiaries (NYSE:CNW) provides transportation, logistics and supply-chain management services for a range of manufacturing, industrial and retail customers.
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