Con-way Inc (NYSE:CNW) and Menlo Logistics Win 2015 SmartWay Excellence Award

[PRNewswire] Con-way Inc (NYSE:CNW)(TREND ANALYSIS) and Menlo Logistics, were recently honored as industry leaders in environmental performance and energy efficiency with SmartWay Excellence Awards from the U.S. Environmental Protection Agency (EPA).

Con-way Truckload received the excellence designation on the strength of its fleet of nearly 3,000 tractors being 100 percent equipped with SmartWay-certified fuel-savings and emissions-reduction technologies, while nearly half of its fleet of 8,000 trailers is aerodynamic, equipped with the SmartWay-certified UT6 Trailer UnderTray System, manufactured by SmartTruck Systems. The company’s tractors also have automatic idle shutdown, and both tractor and trailer equipment feature low-rolling-resistance tires to increase miles per gallon and lower carbon emissions. Con-way Truckload previously won SmartWay Excellence Awards in 2006, 2007 and 2013.

Stock Performance: Click here for a free comprehensive Trend Analysis Report

Con-way Inc (NYSE:CNW) stock is currently trading 7.32% below its 52-week-high, 43.68% above its 52-week-low. The 1-year stock price history is in the range of $33.06 – $51.25. Con-way Inc (CNW) has a price to earnings ratio of 20.39 versus Services sector average of 27.35. CNW stock price has underperformed the S&P 500 by 4.3%. The Truck company is currently valued at $2.72 billion and its share price closed the last trading session at $47.5. The stock has a 50-day moving average of $46.81 and a 200-day moving average of $41.25.

Con-way Inc (CNW) current short interest stands at 3.11 million shares. It has decreased by 28% from the same period of last month. Around 6% of the company’s shares, which are float, are short sold. With a 10-days average volume of 1.59 million shares, the number of days required to cover the short positions stand at 2 days.

The company is expected to announce this quarter earnings on October 28, at consensus estimate of $0.79. Con-way Inc (CNW) reported last quarter earnings on July 29. The Truck company announced earnings per share of $0.76 against a consensus Street estimate of $0.8, missing estimate by $0.04. This corresponds to a decrease of $0.11 compared to the same quarter of the previous fiscal year.

Is this a Buying Opportunity? Click here for a free Trend Analysis Report

There are currently twenty-one analysts that cover Con-way Inc stock. Of those twenty-one, four have a Buy rating, seventeen have a Hold rating. On a consensus basis this yields to a Hold rating. The consensus target price stands at $47.61.

A recent analyst activity consisted of Stifel Nicolaus downgrading their Buy rating to Hold on September 14. On the date of report, the stock closed at $47.4.

Raymond James downgraded their Outperform rating to Market Perform on September 10. On the date of report, the stock closed at $47.54.

Another research firm was Susquehanna who reiterated their Neutral stance on September 10. Susquehanna increased their price target on Con-way Inc from $43 to $48. This translates to a 1.05% upside from the last closing price. On the date of report, the stock closed at $47.54.

Company snapshot

Con-way Inc. is a freight transportation and logistics company. The Company has businesses in less-than-truckload and full truckload freight services, expedite, brokerage, airfreight forwarding, logistics, warehousing, supply chain management, and trailer manufacturing.

Related Posts

About The Author