Insider Selling: John James Anton Sells 10,000 Shares of Con-way Stock (CNW)
Con-way (NYSE:CNW) Director John James Anton sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $49.25, for a total transaction of $492,500.00. Following the transaction, the director now directly owns 9,903 shares of the company’s stock, valued at approximately $487,723. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Con-way (NYSE:CNW) traded down 0.64% during mid-day trading on Tuesday, hitting $49.215. 603,361 shares of the company’s stock traded hands. Con-way has a 52-week low of $36.34 and a 52-week high of $50.98. The stock has a 50-day moving average of $49.2 and a 200-day moving average of $43.5. The company has a market cap of $2.831 billion and a price-to-earnings ratio of 26.18.
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 $2.38 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank raised their price target on shares of Con-way from $45.00 to $47.00 in a research note on Friday. Separately, 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. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Con-way in a research note on Thursday, July 31st. They now have a $55.00 price target on the stock, up previously from $52.00. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Con-way presently has a consensus rating of “Buy” and a consensus price target of $51.69.
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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