Forward Air Corp. Sets New 1-Year High at $44.71 (FWRD)
Forward Air Corp. (NASDAQ:FWRD) set a new 52-week high on Monday, Stock Ratings Network.com reports. The company traded as high as $44.71 and last traded at $43.58, with a volume of 96,152 shares. The stock had previously closed at $44.41.
FWRD has been the subject of a number of recent research reports. Analysts at RBC Capital raised their price target on shares of Forward Air Corp. from $43.00 to $49.00 in a research note to investors on Wednesday, October 23rd. They now have an “outperform” rating on the stock. Analysts at Cowen and Company raised their price target on shares of Forward Air Corp. from $38.00 to $41.00 in a research note to investors on Wednesday, October 23rd. They now have a “market perform” rating on the stock. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $41.28.
Forward Air Corp. has a 52-week low of $35.93 and a 52-week high of $44.57. The stock’s 50-day moving average is $42. and its 200-day moving average is $39.99. The company has a market cap of $1.342 billion and a P/E ratio of 24.58.
Forward Air Corp. (NASDAQ:FWRD) last released its earnings data on Tuesday, October 22nd. The company reported $0.46 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.46. The company had revenue of $170.00 million for the quarter, compared to the consensus estimate of $162.10 million. During the same quarter in the previous year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was up 18.5% on a year-over-year basis. Analysts expect that Forward Air Corp. will post $1.82 EPS for the current fiscal year.
Forward Air Corporation operates in two segments: Forward Air, Inc (NASDAQ:FWRD) and Forward Air Solutions, Inc (FASI).
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