Raymond James Raises Con-way to Outperform (CNW)

By admin | 7 years ago

Con-way (NYSE: CNW) was upgraded by investment analysts at Raymond James (NYSE: RJF) from a “market perform” rating to an “outperform” rating in a note issued to investors on Thursday.

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.

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