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Investment analysts at Robert W. Baird upped their target price on shares of Forward Air Corp. (NASDAQ:FWRD) from $51.00 to $52.00 in a note issued to investors on Tuesday. Robert W. Baird’s price objective would indicate a potential upside of 8.79% from the stock’s previous close.

Forward Air Corp. (NASDAQ:FWRD) traded down 0.93% on Tuesday, hitting $47.80. The stock had a trading volume of 103,618 shares. Forward Air Corp. has a 1-year low of $36.05 and a 1-year high of $48.93. The stock has a 50-day moving average of $45.4 and a 200-day moving average of $44.63. The company has a market cap of $1.491 billion and a price-to-earnings ratio of 27.78.

Forward Air Corp. (NASDAQ:FWRD) last released its earnings data on Monday, April 21st. The company reported $0.33 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.38 by $0.05. The company had revenue of $171.60 million for the quarter, compared to the consensus estimate of $171.66 million. During the same quarter last year, the company posted $0.36 earnings per share. Forward Air Corp.’s revenue was up 21.2% compared to the same quarter last year. On average, analysts predict that Forward Air Corp. will post $2.13 earnings per share 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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