Forward Air (FWRD) Stock Price, News & Analysis

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Forward Air in the last year. 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.

8 Wall Street research 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 anticipate the company's share price to reach $80.14 in the next twelve months. This suggests a possible upside of 268.0% from the stock's current price.
View analysts price targets for FWRD or view top-rated stocks among Wall Street analysts.

Forward Air's stock was trading at $62.87 at the beginning of 2024. Since then, FWRD stock has decreased by 65.4% and is now trading at $21.78.
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 daily volume of 970,600 shares, the days-to-cover ratio is presently 3.8 days. Approximately 15.6% of the shares of the company are short sold.
View Forward Air's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our FWRD earnings forecast.

Forward Air will be holding an earnings conference call on Thursday, May 9th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Forward Air Co. (NASDAQ:FWRD) released its quarterly earnings data 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 analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.65 EPS.

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 dividend on an annualized basis and a dividend yield of 4.41%. 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 Aztlan North America Nearshoring Stock Selection ETF (NRSH), 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 shareholders include Principal Financial Group Inc. (0.74%), Nordea Investment Management AB (0.41%), BNP Paribas Financial Markets (0.36%), New York State Teachers Retirement System (0.16%), Cardinal Capital Management (0.16%) and Capstone Investment Advisors LLC (0.14%). 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.
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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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