Forward Air (NASDAQ:FWRD) PT Lowered to $133.00

Forward Air (NASDAQ:FWRDGet Rating) had its price objective cut by Susquehanna Bancshares from $143.00 to $133.00 in a report published on Friday morning, Stock Target Advisor reports.

Several other research analysts have also commented on FWRD. Raymond James boosted their price objective on shares of Forward Air from $135.00 to $145.00 and gave the stock a strong-buy rating in a research note on Thursday, December 30th. Susquehanna reduced their price objective on shares of Forward Air from $143.00 to $133.00 in a research note on Friday. StockNews.com lowered shares of Forward Air from a buy rating to a hold rating in a research note on Sunday, April 10th. Robert W. Baird lowered shares of Forward Air from an outperform rating to a neutral rating and boosted their price objective for the stock from $110.00 to $125.00 in a research note on Wednesday, January 5th. Finally, Stephens upgraded shares of Forward Air from an equal weight rating to an overweight rating and boosted their price objective for the stock from $115.00 to $165.00 in a research note on Tuesday, January 4th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Buy and a consensus target price of $136.86.

NASDAQ:FWRD opened at $96.97 on Friday. Forward Air has a one year low of $80.56 and a one year high of $125.71. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.72 and a current ratio of 1.72. The firm has a market cap of $2.60 billion, a P/E ratio of 19.32 and a beta of 1.23. The firm has a 50-day simple moving average of $97.07 and a 200-day simple moving average of $103.18.

Forward Air (NASDAQ:FWRDGet Rating) last posted its quarterly earnings results on Wednesday, April 27th. The transportation company reported $1.57 EPS for the quarter, beating the consensus estimate of $1.16 by $0.41. Forward Air had a net margin of 7.77% and a return on equity of 25.19%. During the same period last year, the company posted $0.60 earnings per share. On average, research analysts predict that Forward Air will post 5.9 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 14th. Stockholders of record on Thursday, May 26th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Wednesday, May 25th. Forward Air’s dividend payout ratio (DPR) is currently 19.12%.

Hedge funds have recently added to or reduced their stakes in the company. Eaton Vance Management boosted its holdings in shares of Forward Air by 14.6% in the 4th quarter. Eaton Vance Management now owns 997 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 127 shares during the last quarter. Liberty Wealth Management LLC boosted its holdings in shares of Forward Air by 100.0% in the 3rd quarter. Liberty Wealth Management LLC now owns 360 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 180 shares during the last quarter. UMB Bank N A MO purchased a new stake in shares of Forward Air in the 4th quarter valued at $56,000. Financial Management Professionals Inc. acquired a new position in shares of Forward Air in the 4th quarter valued at $59,000. Finally, Pinebridge Investments L.P. acquired a new position in shares of Forward Air in the 4th quarter valued at $73,000. 98.01% of the stock is currently owned by institutional investors and hedge funds.

About Forward Air (Get Rating)

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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