Should I buy or sell Forward Air stock right now?

8 Wall Street 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 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 .

What is Forward Air's stock price target for 2024?

8 analysts have issued 1 year price objectives for Forward Air's stock. Their FWRD share price targets range from $40.00 to $130.00. On average, they predict the company's stock price to reach $80.14 in the next year. This suggests a possible upside of 252.3% from the stock's current price. View analysts price targets for FWRD or view top-rated stocks among Wall Street analysts .

How have FWRD shares performed in 2024?

Forward Air's stock was trading at $62.87 at the beginning of the year. Since then, FWRD stock has decreased by 63.8% and is now trading at $22.75. View the best growth stocks for 2024 here .

Are investors shorting Forward Air?

Forward Air saw a increase in short interest in 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 currently 3.8 days. Currently, 15.6% of the company's stock are sold short. View Forward Air's Short Interest .

When is Forward Air's next earnings date?

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

How were Forward Air's earnings last quarter?

Forward Air Co. (NASDAQ:FWRD) released its quarterly earnings results on Thursday, February, 29th. The transportation company reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.97 by $0.16. The transportation company earned $338.43 million during the quarter, compared to analysts' expectations 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 firm's revenue for the quarter was down 16.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.65 EPS.

How often does Forward Air pay dividends? What is the dividend yield for Forward Air?

Forward Air announced a quarterly dividend on Tuesday, October 24th. Shareholders of record on Wednesday, November 22nd will be paid a dividend of $0.24 per share on Thursday, December 7th. This represents a $0.96 annualized dividend and a dividend yield of 4.22%. The ex-dividend date is Tuesday, November 21st. Read our dividend analysis for FWRD .

What ETFs hold Forward Air's stock?

ETFs with the largest weight of Forward Air (NASDAQ:FWRD) stock in their portfolio include SPDR S&P Transportation ETF (XTN) , iShares S&P Small-Cap 600 Growth ETF (IJT) , First Trust Nasdaq Transportation ETF (FTXR) , 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) .

What is Bruce A. Campbell's approval rating as Forward Air's CEO?

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.

What other stocks do shareholders of Forward Air own?

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) .

Who are Forward Air's major shareholders?

Forward Air's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Cardinal Capital Management (0.16%) and Northwest Investment Counselors LLC (0.05%). 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 .

How do I buy shares of Forward Air?

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. Compare Top Brokerages Here .

Does Forward Air have any subsidiaries?

The following companies are subsidiares of Forward Air: Atlantic Trucking Company, Black Hawk Freight Services, CLP Towne, Central States Logistics, Central States Logistics Inc., Central States Trucking, Central States Trucking Co., Dedicated Transportation Services, Expedited Delivery Services, FACSBI LLC, FAF Inc., FFM LLC, Forward Air Final Mile LLC, Forward Air Inc., Forward Air Logistics Services Inc., Forward Air Royalty LLC, Forward Air Services LLC, Forward Air Solutions Inc., Forward Air Technology and Logistics Services Inc., LTD Air Cargo, Pinch Holdings, Quick Delivery Service, Service Express, Synergy Cargo Logistics Inc., TAF LLC, TQI Holdings Inc., TQI Inc., Total Quality, Towne Air Freight LLC, and Towne Holdings LLC. Read More

NASDAQ:FWRD

Forward Air (FWRD) Stock Price, News & Analysis

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$22.75

+0.10 (+0.44%)

(As of 04/18/2024 ET)

Compare

Today's Range: $22.08
▼
$22.86
50-Day Range: $22.65
▼
$42.80
52-Week Range: $22.08
▼
$121.38

Volume: 877,451 shs
Average Volume: 829,712 shs
Market Capitalization: $599.92 million

P/E Ratio: 3.54
Dividend Yield: N/A
Price Target: $80.14

Get Forward Air alerts:

Forward Air MarketRank™ Stock Analysis

Analyst Rating: Hold
2.25 Rating Score
Upside/Downside: 252.3% Upside
$80.14 Price Target
Short Interest: Bearish
15.57% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.06
Based on 11 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 155.36%
From $0.56 to $1.43 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.28 out of 5 stars

Transportation Sector

33rd out of 109 stocks

Freight Transportation Arrangement Industry

2nd out of 5 stocks

3.1

Analyst's Opinion

Consensus Rating
Forward Air has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 3 buy ratings, 4 hold ratings, and 1 sell rating.
Amount of Analyst Coverage
Forward Air has only been the subject of 3 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
15.57% of the float of Forward Air has been sold short.
Short Interest Ratio / Days to Cover
Forward Air has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Forward Air has recently increased by 10.78%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Forward Air does not currently pay a dividend.
Dividend Growth
Forward Air does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for FWRD.

1.7

News and Social Media Coverage

News Sentiment
Forward Air has a news sentiment score of 0.06. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.49 average news sentiment score of Transportation companies.
News Coverage This Week
MarketBeat has tracked 11 news articles for Forward Air this week, compared to 6 articles on an average week.
Search Interest
Only 15 people have searched for FWRD on MarketBeat in the last 30 days. This is a decrease of -29% compared to the previous 30 days.
MarketBeat Follows
Only 8 people have added Forward Air to their MarketBeat watchlist in the last 30 days. This is a decrease of -43% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Forward Air insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.70% of the stock of Forward Air is held by insiders.
Percentage Held by Institutions
97.03% of the stock of Forward Air is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8

Earnings and Valuation

Earnings Growth
Earnings for Forward Air are expected to grow by 155.36% in the coming year, from $0.56 to $1.43 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Forward Air is 3.54, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.92.
Price to Earnings Ratio vs. Sector
The P/E ratio of Forward Air is 3.54, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 15.06.
Price to Book Value per Share Ratio
Forward Air has a P/B Ratio of 0.76. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Forward Air Stock (NASDAQ:FWRD)

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 shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling. This segment offers expedited truckload brokerage, dedicated fleet, and high security and temperature-controlled logistics services. The Intermodal segment provides intermodal container drayage services; and contract and container freight station warehouse and handling services. It serves freight forwarders, third-party logistics companies, integrated air cargo carriers and passenger, passenger and cargo airlines, steamship lines, and retailers. Forward Air Corporation was founded in 1981 and is headquartered in Greeneville, Tennessee.

FWRD Stock Price History

30 days | 90 days | 365 days | Advanced Chart

FWRD Stock News Headlines

April 18, 2024 | markets.businessinsider.com

Analysts Have Conflicting Sentiments on These Industrial Goods Companies: CSX (CSX) and Forward Air (FWRD)

April 17, 2024 | msn.com

Forward Air (FWRD) Price Target Decreased by 11.06% to 36.11

April 19, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

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April 15, 2024 | americanbankingnews.com

Forward Air Co. (NASDAQ:FWRD) Short Interest Update

April 14, 2024 | americanbankingnews.com

Forward Air (NASDAQ:FWRD) Sets New 1-Year Low at $26.30

April 12, 2024 | investorplace.com

Wall Street Favorites: 3 Transportation Stocks With Strong Buy Ratings for April 2024

April 9, 2024 | americanbankingnews.com

Forward Air Co. (NASDAQ:FWRD) Given Consensus Recommendation of "Hold" by Brokerages

April 3, 2024 | msn.com

Air Force trainer plane makes emergency landing at Randolph AFB

April 19, 2024 | DTI (Ad)

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April 3, 2024 | markets.businessinsider.com

Analysts Offer Insights on Industrial Goods Companies: Paychex (PAYX) and Forward Air (FWRD)

March 22, 2024 | morningstar.com

Forward Air Corp FWRD

March 21, 2024 | businesswire.com

Forward Air Leaders Recognized for Outstanding Service

March 7, 2024 | markets.businessinsider.com

Analysts Conflicted on These Industrial Goods Names: Eagle Bulk Shipping (EGLE), Forward Air (FWRD) and MasTec (MTZ)

March 3, 2024 | finance.yahoo.com

Forward Air Corporation (NASDAQ:FWRD) Q4 2023 Earnings Call Transcript

March 2, 2024 | seekingalpha.com

Forward Air Corporation (FWRD) Q4 2023 Earnings Call Transcript

March 1, 2024 | markets.businessinsider.com

A Closer Look at 4 Analyst Recommendations For Forward Air

February 29, 2024 | finance.yahoo.com

Forward Air’s Q4 call offers no financial targets after Omni merger

February 29, 2024 | finance.yahoo.com

Forward Air Corp (FWRD) Reports Mixed Results Amidst Integration Efforts and Market Challenges

February 28, 2024 | finance.yahoo.com

Investors await Forward Air’s Q4 call for post-merger goal posts

February 28, 2024 | businesswire.com

Forward Air Corporation Reports Fourth Quarter and Full Year 2023 Results

February 23, 2024 | msn.com

The 10 Best Fitted Hats to Make Your Outfit Worthy of a ‘Succession’ Scion

February 23, 2024 | markets.businessinsider.com

Forward Air hosts conference call for investors

February 22, 2024 | benzinga.com

Forward Air Stock (NASDAQ:FWRD) Insider Trades

February 19, 2024 | ca.finance.yahoo.com

FWRD Mar 2024 30.000 put

February 19, 2024 | ca.finance.yahoo.com

FWRD Sep 2024 80.000 call

February 19, 2024 | finance.yahoo.com

FWRD Dec 2024 22.500 put

February 18, 2024 | ca.finance.yahoo.com

FWRD Jun 2024 35.000 call

See More Headlines

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Company Calendar

Last Earnings: 2/29/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/06/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Transportation
Industry: Freight transportation arrangement
Sub-Industry: Air Freight & Logistics
Current Symbol: NASDAQ:FWRD
CUSIP: 34985310
CIK: 912728
Web: www.forwardair.com
Phone: (423) 636-7000
Fax: 423-783-9019
Employees: 4,251
Year Founded: 1993

Price Target and Rating

Average Stock Price Target: $80.14
High Stock Price Target: $130.00
Low Stock Price Target: $40.00
Potential Upside/Downside: +252.3%
Consensus Rating: Hold
Rating Score (0-4): 2.25
Research Coverage: 8 Analysts

Profitability

EPS (Most Recent Fiscal Year): $6.42
Trailing P/E Ratio: 3.54
Forward P/E Ratio: 40.63
P/E Growth: N/A
Net Income: $167.35 million
Net Margins: 10.58%
Pretax Margin: 4.13%
Return on Equity: 15.30%
Return on Assets: 6.48%

Debt

Debt-to-Equity Ratio: 2.38
Current Ratio: 1.46
Quick Ratio: 1.46

Sales & Book Value

Annual Sales: $1.37 billion
Price / Sales: 0.44
Cash Flow: $5.60 per share
Price / Cash Flow: 4.06
Book Value: $29.74 per share
Price / Book: 0.76

Miscellaneous

Outstanding Shares: 26,370,000
Free Float: 25,922,000
Market Cap: $599.92 million
Optionable: Optionable
Beta: 0.98

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Key Executives

Mr. Michael L. Hance (Age 52)
Interim CEO, Chief Legal Officer & Secretary
Comp: $1.3M
Mr. Chris C. Ruble (Age 61)
President & COO
Comp: $1.74M
Ms. Rebecca J. Garbrick (Age 48)
CFO & Treasurer
Comp: $1.14M
Mr. Kyle R. Mitchin (Age 44)
Chief People Officer
Comp: $926.9k
Mr. Joseph Michael Tomasello (Age 47)
Chief Information Officer
Ms. Nancee Ronning (Age 63)
Chief Commercial Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

FWRD Stock Analysis - Frequently Asked Questions

Should I buy or sell Forward Air stock right now?: 8 Wall Street 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 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.
What is Forward Air's stock price target for 2024?: 8 analysts have issued 1 year price objectives for Forward Air's stock. Their FWRD share price targets range from $40.00 to $130.00. On average, they predict the company's stock price to reach $80.14 in the next year. This suggests a possible upside of 252.3% from the stock's current price.
View analysts price targets for FWRD or view top-rated stocks among Wall Street analysts.
How have FWRD shares performed in 2024?: Forward Air's stock was trading at $62.87 at the beginning of the year. Since then, FWRD stock has decreased by 63.8% and is now trading at $22.75.
View the best growth stocks for 2024 here.
Are investors shorting Forward Air?: Forward Air saw a increase in short interest in 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 currently 3.8 days. Currently, 15.6% of the company's stock are sold short.
View Forward Air's Short Interest.
When is Forward Air's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, May 6th 2024.
View our FWRD earnings forecast.
How were Forward Air's earnings last quarter?: Forward Air Co. (NASDAQ:FWRD) released its quarterly earnings results on Thursday, February, 29th. The transportation company reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.97 by $0.16. The transportation company earned $338.43 million during the quarter, compared to analysts' expectations 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 firm's revenue for the quarter was down 16.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.65 EPS.
How often does Forward Air pay dividends? What is the dividend yield for Forward Air?: Forward Air announced a quarterly dividend on Tuesday, October 24th. Shareholders of record on Wednesday, November 22nd will be paid a dividend of $0.24 per share on Thursday, December 7th. This represents a $0.96 annualized dividend and a dividend yield of 4.22%. The ex-dividend date is Tuesday, November 21st.
Read our dividend analysis for FWRD.

What ETFs hold Forward Air's stock?: ETFs with the largest weight of Forward Air (NASDAQ:FWRD) stock in their portfolio include SPDR S&P Transportation ETF (XTN), iShares S&P Small-Cap 600 Growth ETF (IJT), First Trust Nasdaq Transportation ETF (FTXR), 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).
What is Bruce A. Campbell's approval rating as Forward Air's CEO?: 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.
What other stocks do shareholders of Forward Air own?: 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).
Who are Forward Air's major shareholders?: Forward Air's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Cardinal Capital Management (0.16%) and Northwest Investment Counselors LLC (0.05%). 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.
How do I buy shares of Forward Air?: 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.
Compare Top Brokerages Here.
Does Forward Air have any subsidiaries?: The following companies are subsidiares of Forward Air: Atlantic Trucking Company, Black Hawk Freight Services, CLP Towne, Central States Logistics, Central States Logistics Inc., Central States Trucking, Central States Trucking Co., Dedicated Transportation Services, Expedited Delivery Services, FACSBI LLC, FAF Inc., FFM LLC, Forward Air Final Mile LLC, Forward Air Inc., Forward Air Logistics Services Inc., Forward Air Royalty LLC, Forward Air Services LLC, Forward Air Solutions Inc., Forward Air Technology and Logistics Services Inc., LTD Air Cargo, Pinch Holdings, Quick Delivery Service, Service Express, Synergy Cargo Logistics Inc., TAF LLC, TQI Holdings Inc., TQI Inc., Total Quality, Towne Air Freight LLC, and Towne Holdings LLC.
Read More

This page (NASDAQ:FWRD) was last updated on 4/19/2024 by MarketBeat.com Staff

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