Somewhat Positive Media Coverage Somewhat Unlikely to Affect Forward Air (FWRD) Stock Price
Media headlines about Forward Air (NASDAQ:FWRD) have been trending somewhat positive recently, Accern Sentiment reports. Accern rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Forward Air earned a news impact score of 0.12 on Accern’s scale. Accern also gave news coverage about the transportation company an impact score of 46.0637408333561 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
- Baird: Three Catalysts That Could Help Forward Air Deliver (finance.yahoo.com)
- $0.62 Earnings Per Share Expected for Forward Air Co. (FWRD) This Quarter (americanbankingnews.com)
- nuDeliverIt™ Customers Enjoy A Successful Peak Shipping Period (prweb.com)
- Govt to break up Air India into four parts to speed up privatisation process (livemint.com)
- Callum Paterson: Cardiff ‘wobble’ out of way, says Scotland international (bbc.co.uk)
Several equities research analysts have recently issued reports on FWRD shares. Robert W. Baird upgraded Forward Air from a “neutral” rating to an “outperform” rating in a report on Thursday. Stephens reiterated a “buy” rating and set a $80.00 price target on shares of Forward Air in a report on Wednesday, January 10th. Zacks Investment Research upgraded Forward Air from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a report on Tuesday, January 9th. BidaskClub lowered Forward Air from a “hold” rating to a “sell” rating in a report on Saturday, January 6th. Finally, Cowen reiterated a “market perform” rating and set a $54.00 price target (up from $51.00) on shares of Forward Air in a report on Monday, October 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. Forward Air has an average rating of “Hold” and a consensus price target of $62.60.
Shares of Forward Air (FWRD) opened at $60.90 on Friday. The stock has a market capitalization of $1,790.50, a PE ratio of 28.59 and a beta of 1.18. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.71 and a current ratio of 2.71. Forward Air has a 1-year low of $45.86 and a 1-year high of $62.54.
Forward Air (NASDAQ:FWRD) last announced its quarterly earnings results on Wednesday, October 25th. The transportation company reported $0.58 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.58. Forward Air had a return on equity of 13.76% and a net margin of 6.10%. The business had revenue of $280.20 million during the quarter, compared to analyst estimates of $278.75 million. During the same period in the previous year, the company earned $0.51 EPS. The firm’s revenue was up 12.3% on a year-over-year basis. sell-side analysts anticipate that Forward Air will post 2.34 earnings per share for the current year.
In related news, Chairman Bruce A. Campbell sold 34,281 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $55.01, for a total value of $1,885,797.81. Following the transaction, the chairman now directly owns 155,831 shares of the company’s stock, valued at approximately $8,572,263.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Bruce A. Campbell sold 500 shares of the firm’s stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $55.45, for a total value of $27,725.00. Following the completion of the transaction, the chief executive officer now directly owns 153,454 shares in the company, valued at $8,509,024.30. The disclosure for this sale can be found here. Insiders sold a total of 93,549 shares of company stock worth $5,250,836 over the last three months. 2.40% of the stock is owned by company insiders.
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Forward Air Company Profile
Forward Air Corporation is a freight and logistics company. The Company provides less-than-truckload (LTL), truckload, intermodal and pool distribution services across the United States and in Canada. The Company’s segments include Expedited LTL, Truckload Premium Services (TLS), Intermodal and Pool Distribution.
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