Forward Air (FWRD) Stock Forecast & Price Target

$63.53

+0.23 (+0.36%)

(As of 11/28/2023 ET)

Today's Range: $62.64
▼
$63.71
50-Day Range: $62.67
▼
$77.28
52-Week Range: $60.09
▼
$121.38

Volume: 171,470 shs
Average Volume: 333,854 shs
Market Capitalization: $1.63 billion

P/E Ratio: 15.53
Dividend Yield: 1.51%
Price Target: $94.57

Forward Air Consensus Analyst Rating and Stock Price Forecast (2023)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analysts' Consensus Rating

Hold
Based on 7 Analyst Ratings

Analysts' Consensus Price Target

$94.57
48.86% Upside

High Forecast	$130.00
Average Forecast	$94.57
Low Forecast	$75.00

Type	Current Forecast 11/29/22 to 11/29/23	1 Month Ago 10/30/22 to 10/30/23	3 Months Ago 8/31/22 to 8/31/23	1 Year Ago 11/29/21 to 11/29/22
Consensus Rating	Hold	Hold	Hold	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	3 Buy rating(s)	3 Buy rating(s)	3 Buy rating(s)	5 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$94.57	$95.29	$104.14	$135.29
Predicted Upside	48.86% Upside	10.20% Upside	10.34% Upside	26.30% Upside

FWRD Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

FWRD Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Forward Air Stock vs. The Competition

Type	Forward Air	Transportation Companies	S&P 500
Consensus Rating Score	2.43	2.50	2.49
Consensus Rating	Hold	Hold	Hold
Predicted Upside	48.86% Upside	3,627.56% Upside	2,838.32% Upside
News Sentiment Rating	Neutral News	Neutral News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
11/1/2023	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Positive ➝ Positive	$84.00 ➝ $75.00	+19.07%
10/5/2023	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$103.00 ➝ $86.00	+21.30%
8/29/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy	$110.00 ➝ $85.00	+19.90%
8/28/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Underperform ➝ Peer Perform
8/15/2023	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Neutral	$130.00 ➝ $80.00	+9.24%
8/11/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Market Perform
8/7/2023	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Overweight ➝ Overweight	$130.00	+17.83%

(Data available from 11/28/2018 forward. View 10+ years of historical ratings with our analyst ratings screener.)

FWRD Price Target - Frequently Asked Questions

What is Forward Air's consensus rating and price target?: According to the issued ratings of 7 analysts in the last year, the consensus rating for Forward Air stock is Hold based on the current 4 hold ratings and 3 buy ratings for FWRD. The average twelve-month price prediction for Forward Air is $94.57 with a high price target of $130.00 and a low price target of $75.00. Learn more on FWRD's analyst rating history.
Do Wall Street analysts like Forward Air more than its competitors?: Analysts like Forward Air less than other Transportation companies. The consensus rating score for Forward Air is 2.43 while the average consensus rating score for transportation companies is 2.50. Learn more on how FWRD compares to other companies.
Does Forward Air's stock price have much upside?: According to analysts, Forward Air's stock has a predicted upside of 10.81% based on their 12-month stock forecasts.

What analysts cover Forward Air?: Forward Air has been rated by Stifel Nicolaus, and Susquehanna in the past 90 days.

Stock Ratings Reports and Tools

Related Companies:

Today's Ratings:

Top Rated Stocks:

More Ratings Tools:

This page (NASDAQ:FWRD) was last updated on 11/29/2023 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial