Con-way EVP Stephen K. Krull Sells 21,005 Shares (CNW)
Con-way (NYSE:CNW) EVP Stephen K. Krull sold 21,005 shares of the stock on the open market in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $49.12, for a total value of $1,031,765.60. Following the transaction, the executive vice president now directly owns 43,010 shares of the company’s stock, valued at approximately $2,112,651. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Con-way (NYSE:CNW) traded up 1.49% during mid-day trading on Friday, hitting $49.70. 558,528 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’s 50-day moving average is $49.36 and its 200-day moving average is $43.75. The company has a market cap of $2.858 billion and a P/E ratio of 25.88.
Con-way (NYSE:CNW) last issued its quarterly 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.
A number of analysts have recently weighed in on CNW shares. 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, August 1st. Separately, analysts at Zacks upgraded shares of Con-way from a “neutral” rating to an “outperform” rating in a research note on Friday, August 1st. 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 issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price 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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