Stephens Upgrades Con-way to Overweight (CNW)

By admin | 7 years ago

Con-way (NYSE: CNW) was upgraded by analysts at Stephens from an “equal weight” rating to an “overweight” rating in a research report issued to clients and investors on Wednesday.

Separately, 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 traded down 2.86% on Wednesday, hitting $35.94. 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 $2.005 billion and a price-to-earnings ratio of 23.42.

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.

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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