Con-way Reaches New 1-Year High at $48.58 (CNW)
Con-way (NYSE:CNW) shares hit a new 52-week high during trading on Monday , AnalystRatingsNetwork.com reports. The company traded as high as $48.58 and last traded at $48.34, with a volume of 259,351 shares changing hands. The stock had previously closed at $48.07.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Con-way from an “underperform” rating to a “neutral” rating in a research note on Monday, May 5th. They now have a $45.00 price target on the stock. Separately, analysts at Wunderlich raised their price target on shares of Con-way from $40.00 to $44.00 in a research note on Friday, May 2nd. They now have a “hold” rating on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Con-way in a research note on Thursday, May 1st. They now have a $48.00 price target on the stock. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $44.75.
The stock’s 50-day moving average is $44.45 and its 200-day moving average is $40.99. The company has a market cap of $2.759 billion and a P/E ratio of 28.33.
Con-way (NYSE:CNW) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.20 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.17 by $0.03. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.36 billion. Analysts expect that Con-way will post $2.14 EPS for the current fiscal year.
In other Con-way news, VP Charles R. Mullett sold 2,086 shares of Con-way stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $47.00, for a total transaction of $98,042.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
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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