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 year. There are currently 5 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.
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8 equities research analysts have issued 12-month price targets for Forward Air's stock. Their FWRD share price targets range from $14.00 to $130.00. On average, they anticipate the company's share price to reach $76.43 in the next year. This suggests a possible upside of 354.9% from the stock's current price.
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Forward Air's stock was trading at $62.87 at the start of the year. Since then, FWRD stock has decreased by 73.3% and is now trading at $16.80.
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Forward Air saw a increase in short interest in May. As of May 15th, there was short interest totaling 5,460,000 shares, an increase of 29.4% from the April 30th total of 4,220,000 shares. Based on an average daily volume of 1,250,000 shares, the short-interest ratio is currently 4.4 days. Approximately 25.4% of the shares of the stock are short sold.
View Forward Air's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 7th 2024.
View our FWRD earnings forecast.

Forward Air Co. (NASDAQ:FWRD) issued its quarterly earnings results on Wednesday, May, 8th. The transportation company reported ($0.64) earnings per share for the quarter, missing analysts' consensus estimates of ($0.15) by $0.49. The transportation company earned $541.81 million during the quarter, compared to analysts' expectations of $644 million. Forward Air had a net margin of 4.08% and a trailing twelve-month return on equity of 5.37%. During the same period last year, the company earned $1.37 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 5.71%. The ex-dividend date of this dividend 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 many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (12.92%), Private Management Group Inc. (3.78%), Ridgemont Partners Management LLC (2.66%), Clearbridge Investments LLC (1.23%), Principal Financial Group Inc. (0.74%) and Healthcare of Ontario Pension Plan Trust Fund (0.72%). Insiders that own company stock include Chris C Ruble, George S Mayes Jr, Javier Polit, Kyle R Mitchin, Laurie Anne Tucker, Michael L Hance, Nancee L Ronning 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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