Forward Air (FWRD) Stock Price, News & Analysis

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Forward Air in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" FWRD shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FWRD, but not buy additional shares or sell existing shares.
View FWRD analyst ratings or view top-rated stocks.

8 brokers have issued 12 month price targets for Forward Air's stock. Their FWRD share price targets range from $40.00 to $130.00. On average, they predict the company's share price to reach $80.14 in the next year. This suggests a possible upside of 235.6% from the stock's current price.
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Forward Air's stock was trading at $62.87 at the beginning of 2024. Since then, FWRD stock has decreased by 62.0% and is now trading at $23.88.
View the best growth stocks for 2024 here.

Forward Air saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 3,700,000 shares, an increase of 10.8% from the March 15th total of 3,340,000 shares. Based on an average trading volume of 970,600 shares, the days-to-cover ratio is presently 3.8 days. Currently, 15.6% of the company's shares are short sold.
View Forward Air's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, May 6th 2024.
View our FWRD earnings forecast.

Forward Air Co. (NASDAQ:FWRD) issued its quarterly earnings results on Thursday, February, 29th. The transportation company reported $0.81 earnings per share for the quarter, missing analysts' consensus estimates of $0.97 by $0.16. The transportation company had revenue of $338.43 million for the quarter, compared to the consensus estimate of $406.96 million. Forward Air had a trailing twelve-month return on equity of 15.30% and a net margin of 10.58%. The company's revenue for the quarter was down 16.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.65 EPS.

Forward Air announced a quarterly dividend on Tuesday, October 24th. Stockholders of record on Wednesday, November 22nd will be given a dividend of $0.24 per share on Thursday, December 7th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date is Tuesday, November 21st.
Read our dividend analysis for FWRD.

ETFs with the largest weight of Forward Air (NASDAQ:FWRD) stock in their portfolio include SPDR S&P Transportation ETF (XTN), Principal US Small-Cap Adaptive Multi-Factor ETF (PLTL), Avantis U.S. Small Cap Equity ETF (AVSC), SPDR S&P 600 Small Cap ETF (SLY) and iShares U.S. Transportation ETF (IYT).Direxion Daily Transportation Bull 3X Shares (TPOR).

101 employees have rated Forward Air Chief Executive Officer Bruce A. Campbell on Glassdoor.com. Bruce A. Campbell has an approval rating of 54% among the company's employees. This puts Bruce A. Campbell in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. 56.0% of employees surveyed would recommend working at Forward Air to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Forward Air investors own include Pfizer (PFE), Verizon Communications (VZ), AbbVie (ABBV), Albemarle (ALB), Carnival Co. & (CCL), Dominion Energy (D), Eastman Chemical (EMN), International Paper (IP), Phillips 66 (PSX) and Skyworks Solutions (SWKS).

Forward Air's stock is owned by a variety of institutional and retail investors. Top institutional investors include Cardinal Capital Management (0.16%), State of Alaska Department of Revenue (0.07%), Northwest Investment Counselors LLC (0.05%), Maryland State Retirement & Pension System (0.04%) and Sumitomo Mitsui Trust Holdings Inc. (0.04%). Insiders that own company stock include Chris C Ruble, George M Lynch, George S Mayes Jr, Javier Polit, Kyle R Mitchin, Laurie Anne Tucker, Michael L Hance, Nancee L Ronning, Pharmaceutical Co Ltd Takeda and Thomas Schmitt.
View institutional ownership trends.

Shares of FWRD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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