Forward Air (FWRD) Competitors

$21.05
-0.97 (-4.41%)
(As of 05/1/2024 ET)

FWRD vs. TK, ASC, HA, CVLG, EGLE, SB, TNP, VTOL, VLRS, and GSL

Should you be buying Forward Air stock or one of its competitors? The main competitors of Forward Air include Teekay (TK), Ardmore Shipping (ASC), Hawaiian (HA), Covenant Logistics Group (CVLG), Eagle Bulk Shipping (EGLE), Safe Bulkers (SB), Tsakos Energy Navigation (TNP), Bristow Group (VTOL), Controladora Vuela Compañía de Aviación (VLRS), and Global Ship Lease (GSL). These companies are all part of the "transportation" sector.

Forward Air vs.

Teekay (NYSE:TK) and Forward Air (NASDAQ:FWRD) are both small-cap transportation companies, but which is the better stock? We will contrast the two businesses based on the strength of their valuation, community ranking, profitability, dividends, analyst recommendations, media sentiment, institutional ownership, earnings and risk.

Forward Air has lower revenue, but higher earnings than Teekay. Forward Air is trading at a lower price-to-earnings ratio than Teekay, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Teekay$1.46B0.47$150.64M$1.534.90
Forward Air$1.37B0.40$167.35M$6.423.28

Forward Air has a net margin of 10.58% compared to Forward Air's net margin of 10.28%. Teekay's return on equity of 15.30% beat Forward Air's return on equity.

Company Net Margins Return on Equity Return on Assets
Teekay10.28% 9.07% 7.03%
Forward Air 10.58%15.30%6.48%

46.7% of Teekay shares are held by institutional investors. Comparatively, 97.0% of Forward Air shares are held by institutional investors. 2.4% of Teekay shares are held by company insiders. Comparatively, 1.3% of Forward Air shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

Forward Air has a consensus target price of $80.14, indicating a potential upside of 280.73%. Given Teekay's higher probable upside, analysts clearly believe Forward Air is more favorable than Teekay.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Teekay
0 Sell rating(s)
0 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
N/A
Forward Air
1 Sell rating(s)
4 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.25

Teekay has a beta of 0.63, meaning that its stock price is 37% less volatile than the S&P 500. Comparatively, Forward Air has a beta of 0.98, meaning that its stock price is 2% less volatile than the S&P 500.

Teekay received 4 more outperform votes than Forward Air when rated by MarketBeat users. Likewise, 63.64% of users gave Teekay an outperform vote while only 54.70% of users gave Forward Air an outperform vote.

CompanyUnderperformOutperform
TeekayOutperform Votes
336
63.64%
Underperform Votes
192
36.36%
Forward AirOutperform Votes
332
54.70%
Underperform Votes
275
45.30%

In the previous week, Forward Air had 3 more articles in the media than Teekay. MarketBeat recorded 6 mentions for Forward Air and 3 mentions for Teekay. Teekay's average media sentiment score of -0.13 beat Forward Air's score of -0.39 indicating that Forward Air is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Teekay
0 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
1 Very Negative mention(s)
Neutral
Forward Air
0 Very Positive mention(s)
1 Positive mention(s)
3 Neutral mention(s)
2 Negative mention(s)
0 Very Negative mention(s)
Neutral

Summary

Forward Air beats Teekay on 10 of the 17 factors compared between the two stocks.

New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding FWRD and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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FWRD vs. The Competition

MetricForward AirFreight transportation arrangement IndustryTransportation SectorNASDAQ Exchange
Market Cap$555.09M$4.33B$10.58B$7.42B
Dividend YieldN/A1.66%3.59%3.96%
P/E Ratio3.2815.6116.5719.13
Price / Sales0.401.4424.3389.78
Price / Cash3.629.7917.0935.54
Price / Book0.713.071.994.27
Net Income$167.35M$171.63M$670.83M$214.24M
7 Day Performance-8.64%-0.33%-0.31%1.20%
1 Month Performance-23.23%-3.29%-2.54%-3.86%
1 Year Performance-78.66%-15.11%9.97%8.19%

Forward Air Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
TK
Teekay
0 of 5 stars
$7.28
+0.8%
N/A+36.3%$661.65M$1.46B4.752,300Upcoming Earnings
News Coverage
ASC
Ardmore Shipping
4.4288 of 5 stars
$16.32
+1.8%
$21.00
+28.7%
+15.3%$663.08M$395.98M5.9856Analyst Downgrade
HA
Hawaiian
0.3914 of 5 stars
$12.90
-0.5%
$8.00
-38.0%
+54.3%$668.87M$2.72B-2.557,362
CVLG
Covenant Logistics Group
4.5945 of 5 stars
$44.22
+0.8%
$68.67
+55.3%
+6.4%$577.96M$1.10B10.974,600
EGLE
Eagle Bulk Shipping
1.5829 of 5 stars
$62.60
flat
$56.75
-9.3%
N/A$692.98M$393.80M40.921,025Analyst Report
SB
Safe Bulkers
4.7413 of 5 stars
$5.02
+2.9%
$6.00
+19.6%
+37.6%$559.72M$284.40M8.099Earnings Report
Dividend Announcement
Analyst Upgrade
TNP
Tsakos Energy Navigation
3.4567 of 5 stars
$24.74
+0.3%
$30.00
+21.3%
+52.5%$730.08M$889.57M2.741,500Positive News
VTOL
Bristow Group
0.4778 of 5 stars
$26.15
+4.2%
N/A+13.1%$740.57M$1.30B-108.963,298Upcoming Earnings
VLRS
Controladora Vuela Compañía de Aviación
4.0479 of 5 stars
$8.48
+5.7%
$14.22
+67.8%
-30.6%$744.02M$3.26B121.097,364Gap Up
High Trading Volume
GSL
Global Ship Lease
2.2919 of 5 stars
$22.33
+1.9%
$25.00
+12.0%
+23.5%$785.62M$674.79M2.687Upcoming Earnings
Analyst Upgrade
Short Interest ↑
News Coverage

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This page (NASDAQ:FWRD) was last updated on 5/2/2024 by MarketBeat.com Staff

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