Forward Air Price Performance
Shares of NASDAQ:FWRD opened at $43.69 on Monday. The company’s fifty day moving average price is $59.10 and its 200-day moving average price is $70.67. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 10.68 and a beta of 1.06. Forward Air has a one year low of $42.04 and a one year high of $121.38. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.25 and a quick ratio of 1.25.
Wall Street Analysts Forecast Growth
Several research firms recently commented on FWRD. Stifel Nicolaus reduced their target price on shares of Forward Air from $80.00 to $55.00 and set a “hold” rating on the stock in a report on Monday, January 22nd. Wolfe Research lowered shares of Forward Air from a “peer perform” rating to an “underperform” rating and set a $50.00 target price on the stock. in a report on Wednesday, January 10th. Finally, Susquehanna reduced their target price on shares of Forward Air from $84.00 to $75.00 and set a “positive” rating on the stock in a report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $85.86.
Institutional Investors Weigh In On Forward Air
Large investors have recently added to or reduced their stakes in the company. Boothbay Fund Management LLC bought a new stake in Forward Air in the 4th quarter worth $246,000. Guggenheim Capital LLC grew its holdings in Forward Air by 14.8% in the 1st quarter. Guggenheim Capital LLC now owns 2,267 shares of the transportation company’s stock worth $244,000 after acquiring an additional 293 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Forward Air during the 2nd quarter valued at about $232,000. Stephens Inc. AR bought a new stake in shares of Forward Air during the 1st quarter valued at about $222,000. Finally, Glenmede Trust Co. NA bought a new stake in shares of Forward Air during the 3rd quarter valued at about $218,000. Institutional investors own 97.03% of the company’s stock.
Forward Air Company Profile
Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United States and Canada. It operates in two segments, Expedited Freight and Intermodal. The Expedited Freight segment provides expedited regional, inter-regional, and national less-than-truckload services; local pick-up and delivery services; and other services, which include final mile, truckload, shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling.
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