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Analysts at Deutsche Bank boosted their price objective on shares of Con-way (NYSE:CNW) from $45.00 to $47.00 in a research report issued to clients and investors on Friday. Deutsche Bank’s price objective would indicate a potential downside of 4.76% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of Con-way from a “neutral” rating to an “outperform” rating in a research note on Friday. They now have a $52.20 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Con-way in a research note on Thursday. They now have a $55.00 price target on the stock, up previously from $52.00. Finally, analysts at Bank of America reiterated a “neutral” rating on shares of Con-way in a research note on Thursday. They now have a $56.00 price target on the stock, up previously from $54.00. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $51.69.

Shares of Con-way (NYSE:CNW) traded up 0.10% on Friday, hitting $49.40. 966,886 shares of the company’s stock traded hands. Con-way has a 1-year low of $36.34 and a 1-year high of $50.98. The stock has a 50-day moving average of $49.23 and a 200-day moving average of $43.4. The company has a market cap of $2.822 billion and a P/E ratio of 26.08.

Con-way (NYSE:CNW) last released its earnings data on Wednesday, July 30th. The company reported $0.91 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.75 by $0.16. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the prior year, the company posted $0.67 earnings per share. The company’s quarterly revenue was up 8.0% on a year-over-year basis. Analysts expect that Con-way will post $2.29 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Investors of record on Friday, August 15th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Wednesday, August 13th.

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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