Raymond James Raises Con-way to Outperform (CNW)
Con-way traded down 3.49% on Thursday, hitting $34.685. Con-way has a 52-week low of $20.56 and a 52-week high of $42.38. The company has a market cap of $1.932 billion and a price-to-earnings ratio of 18.74.
The company last announced its quarterly results on Tuesday, May 1st. It reported $0.45 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.34 EPS by $0.11. The company’s quarterly revenue was up 9.7% on a year-over-year basis. Analysts expect that Con-way will post $0.64 EPS next quarter.
A number of other firms have also recently commented on CNW. Analysts at Stephens upgraded shares of Con-way from an “equal weight” rating to an “overweight” rating in a research note to investors on Wednesday. Analysts at Deutsche Bank (NYSE: DB) cut their price target on shares of Con-way to $30.00 in a research note to investors on Monday, February 6th.
Con-way Inc. (Con-way) provides transportation, logistics and supply-chain management services for a range of manufacturing, industrial and retail customers.