Insider Selling: Edith R. Perez Sells 1,475 Shares of Con-way Stock (CNW)
Con-way (NYSE:CNW) Director Edith R. Perez sold 1,475 shares of Con-way stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $51.31, for a total transaction of $75,682.25. Following the sale, the director now directly owns 10,084 shares in the company, valued at approximately $517,410. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on CNW. 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 equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $51.69.
Con-way (NYSE:CNW) remained flat at $51.24 during during mid-day trading trading on Wednesday. 90,947 shares of the company’s stock traded hands. Con-way has a one year low of $36.34 and a one year high of $52.00. The stock’s 50-day moving average is $49.74 and its 200-day moving average is $44.80. The company has a market cap of $2.947 billion and a price-to-earnings ratio of 27.08.
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. On average, analysts predict that Con-way will post $2.37 earnings per share 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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