Forward Air (FWRD) Stock Price, News & Analysis

Company Overview

Forward Air Corporation (NASDAQ: FWRD) is a transportation and logistics company that provides time-definite, less-than-truckload and other supply chain services. Its offerings include expedited ground transportation, intermodal drayage, truckload services, final-mile delivery, pool distribution and freight forwarding.

The company serves a range of industries, including aviation, automotive, healthcare, retail and manufacturing. Forward Air’s network is focused primarily on North America, with international logistics capabilities provided through its global forwarding operations.

Founded in 1981, Forward Air has historically operated an asset-light transportation model that emphasizes the movement of shipments between key distribution centers and transportation hubs. In 2024, the company completed its combination with Omni Logistics, expanding its freight forwarding and integrated logistics capabilities.

Key Stats

• Today's Range: $15.71 to $16.39
• 50-Day Range: $14.05 to $20.20
• 52-Week Range: $7.86 to $31.17
• Volume: 371,472 shs
• Average Volume: 502,644 shs
• Market Capitalization: $503.15 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $26.00
• Consensus Rating: Hold

Forward Air Stock Analysis - MarketRank™

Forward Air scored higher than 52% of companies evaluated by MarketBeat, and ranked 426th out of 651 stocks in the industrials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.0 / 5
• Analyst Rating: Hold

Consensus Rating

Forward Air has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on no strong buy ratings, 3 buy ratings, 1 hold rating, and 1 sell rating.

Upside Potential

Forward Air has a consensus price target of $26.00, representing about 63.4% upside from its current price of $15.91.

Amount of Analyst Coverage

Forward Air has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Forward Air are expected to grow in the coming year, from ($2.02) to $0.57 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Forward Air is -1.79, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Forward Air is -1.79, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Forward Air has a P/B Ratio of 3.08. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

8.11% 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 4.29.

Change versus previous month

Short interest in Forward Air has recently increased by 2.61%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: Weak

Dividend Yield

Forward Air does not currently pay a dividend.

Dividend Growth

Forward Air does not have a long track record of dividend growth.

Dividend Sustainability

Based on EPS estimates, Forward Air will have a dividend payout ratio of 168.42% in the coming year. This indicates that Forward Air may not be able to sustain their current dividend.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: 0.16

News Sentiment

Forward Air has a news sentiment score of 0.16. 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 0.51 average news sentiment score of Industrials companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Forward Air this week, compared to 3 articles on an average week.

MarketBeat Follows

1 people have added Forward Air to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.3 / 5
• Insider Trading: N/A

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

15.70% of the stock of Forward Air is held by insiders. A high percentage of insider ownership can be a sign of company health.

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.

Company Calendar

• Last Earnings: 5/07/2026
• Today: 10/03/2026
• Next Earnings (Estimated): 11/04/2026
• Fiscal Year End: 12/31/2026

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Industrials
• Industry: Air Freight & Logistics
• Sub-Industry: Air Freight & Logistics
• Current Symbol: NASDAQ:FWRD
• CIK: 912728
• Web: www.forwardaircorp.com
• Phone: (423) 636-7000
• Fax: 423-783-9019
• Employees: 6,062
• Year Founded: 1981

Price Target and Rating

• Average Price Target for Forward Air: $26.00
• High Price Target: $27.00
• Low Price Target: $25.00
• Potential Upside/Downside: +63.4%
• Consensus Rating: Hold
• Rating Score (0-4): 2.40
• Research Coverage: 5 Analysts

Profitability

• EPS (Trailing Twelve Months): ($8.90)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: -$107.80 million
• Net Margins: -11.37%
• Pretax Margin: -13.94%
• Return on Equity: -19.49%
• Return on Assets: -0.66%

Debt

• Debt-to-Equity Ratio: 13.98
• Current Ratio: 1.32
• Quick Ratio: 1.32

Sales & Book Value

• Annual Sales: $2.52 billion
• Price / Sales: 0.20
• Cash Flow: $2.21 per share
• Price / Cash Flow: 7.21
• Book Value: $5.17 per share
• Price / Book: 3.08

Miscellaneous

• Outstanding Shares: 31,625,000
• Free Float: 26,660,000
• Market Cap: $503.15 million
• Optionable: Optionable
• Beta: 1.41