Con-way Inc (CNW): Today's Featured Transportation Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Con-way ( CNW) pushed the Transportation industry lower today making it today's featured Transportation laggard. The industry as a whole closed the day up 0.5%. By the end of trading, Con-way fell $0.99 (-2.5%) to $38.12 on heavy volume. Throughout the day, 1,119,928 shares of Con-way exchanged hands as compared to its average daily volume of 718,500 shares. The stock ranged in price between $37.95-$39.00 after having opened the day at $38.94 as compared to the previous trading day's close of $39.11. Other companies within the Transportation industry that declined today were: Globus Maritime ( GLBS), down 7.8%, Seanergy Maritime Holdings ( SHIP), down 5.8%, Echo Global Logistics ( ECHO), down 5.4% and Bristow Group ( BRS), down 4.5%.

Con-way Inc., together with its subsidiaries, provides transportation, logistics, and supply chain management services to various manufacturing, industrial, and retail customers in North America and internationally. Con-way has a market cap of $2.1 billion and is part of the services sector. Shares are down 6.8% year to date as of the close of trading on Thursday. Currently there are 6 analysts that rate Con-way a buy, 2 analysts rate it a sell, and 6 rate it a hold.

TheStreet Ratings rates Con-way as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the positive front, DryShips ( DRYS), up 6.7%, Global Ship Lease ( GSL), up 5.2%, PHI Incorporated Non Voting ( PHIIK), up 4.9% and Newlead Holdings ( NEWL), up 4.6% , were all gainers within the transportation industry with United Continental Holdings ( UAL) being today's featured transportation industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the transportation industry could consider iShares Dow Jones Transportation ( IYT) while those bearish on the transportation industry could consider ProShares UltraShort Industrials ( SIJ).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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