Forward Air Co. (NASDAQ:FWRD) Receives Consensus Recommendation of "Hold" from Analysts

Shares of Forward Air Co. (NASDAQ:FWRD - Get Free Report) have earned an average rating of "Hold" from the five analysts that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $32.25.

A number of research analysts have weighed in on the company. Susquehanna decreased their price objective on Forward Air from $35.00 to $32.00 and set a "positive" rating on the stock in a report on Monday, March 31st. Robert W. Baird decreased their price target on shares of Forward Air from $32.00 to $28.00 and set a "neutral" rating on the stock in a research note on Thursday, February 27th. Finally, Stifel Nicolaus lowered their price target on shares of Forward Air from $29.00 to $22.00 and set a "hold" rating on the stock in a research report on Thursday, April 10th.

Hedge Funds Weigh In On Forward Air

Institutional investors have recently bought and sold shares of the company. Sterling Capital Management LLC grew its stake in shares of Forward Air by 812.5% during the 4th quarter. Sterling Capital Management LLC now owns 803 shares of the transportation company's stock worth $26,000 after purchasing an additional 715 shares during the period. Byrne Asset Management LLC boosted its position in shares of Forward Air by 122.9% in the fourth quarter. Byrne Asset Management LLC now owns 1,070 shares of the transportation company's stock worth $35,000 after acquiring an additional 590 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Forward Air during the 4th quarter valued at $72,000. AlphaQuest LLC increased its stake in Forward Air by 155.9% during the fourth quarter. AlphaQuest LLC now owns 2,925 shares of the transportation company's stock worth $94,000 after acquiring an additional 1,782 shares during the last quarter. Finally, Aquatic Capital Management LLC purchased a new position in Forward Air in the fourth quarter valued at approximately $138,000. 97.03% of the stock is owned by institutional investors and hedge funds.

Forward Air Stock Up 0.5%

Shares of FWRD stock opened at $18.69 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 5.07. Forward Air has a 12 month low of $9.79 and a 12 month high of $40.92. The stock has a market cap of $568.61 million, a P/E ratio of -0.78 and a beta of 1.29. The company has a 50 day simple moving average of $16.15 and a two-hundred day simple moving average of $24.78.

Forward Air Company Profile

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.

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