Forward Air (NASDAQ:FWRD) received a $74.00 price objective from stock analysts at Stephens in a research note issued on Friday. The brokerage currently has a “buy” rating on the transportation company’s stock. Stephens’ price target points to a potential upside of 34.72% from the company’s previous close.

Several other equities research analysts have also commented on FWRD. Robert W. Baird raised Forward Air from a “neutral” rating to an “outperform” rating in a research note on Thursday, January 18th. BidaskClub raised Forward Air from a “sell” rating to a “hold” rating in a research note on Saturday, December 2nd. Stifel Nicolaus boosted their price target on Forward Air from $47.00 to $52.00 and gave the stock a “hold” rating in a research note on Thursday, October 26th. Zacks Investment Research lowered Forward Air from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. Finally, Cowen reissued a “market perform” rating and set a $54.00 price target (up previously from $51.00) on shares of Forward Air in a research note on Monday, October 30th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. Forward Air has a consensus rating of “Hold” and a consensus price target of $61.40.

Shares of Forward Air (NASDAQ FWRD) opened at $54.93 on Friday. The company has a market capitalization of $1,627.65, a P/E ratio of 19.01 and a beta of 1.17. 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 52 week low of $45.86 and a 52 week high of $64.80.

Forward Air (NASDAQ:FWRD) last announced its quarterly earnings results on Wednesday, February 7th. The transportation company reported $0.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.03. The business had revenue of $306.10 million for the quarter, compared to analyst estimates of $301.47 million. Forward Air had a return on equity of 13.91% and a net margin of 7.93%. The company’s quarterly revenue was up 15.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.58 EPS. research analysts expect that Forward Air will post 2.97 earnings per share for the current fiscal year.

In related news, Chairman Bruce A. Campbell sold 5,264 shares of Forward Air stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $55.43, for a total transaction of $291,783.52. Following the completion of the transaction, the chairman now directly owns 153,454 shares in the company, valued at approximately $8,505,955.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Bruce A. Campbell sold 500 shares of Forward Air stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $55.45, for a total value of $27,725.00. Following the transaction, the chief executive officer now owns 153,454 shares of the company’s stock, valued at $8,509,024.30. The disclosure for this sale can be found here. Insiders have sold a total of 91,909 shares of company stock valued at $5,157,356 over the last 90 days. Insiders own 2.40% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Rhumbline Advisers raised its position in shares of Forward Air by 2.8% during the 3rd quarter. Rhumbline Advisers now owns 69,070 shares of the transportation company’s stock worth $3,953,000 after purchasing an additional 1,882 shares during the last quarter. Atlantic Trust Group LLC acquired a new position in Forward Air in the 3rd quarter valued at $1,388,000. Confluence Investment Management LLC raised its holdings in Forward Air by 3.0% in the 4th quarter. Confluence Investment Management LLC now owns 79,894 shares of the transportation company’s stock valued at $4,589,000 after acquiring an additional 2,352 shares during the last quarter. APG Asset Management N.V. acquired a new position in Forward Air in the 3rd quarter valued at $515,000. Finally, Cambiar Investors LLC acquired a new position in Forward Air in the 3rd quarter valued at $8,421,000. Hedge funds and other institutional investors own 95.88% of the company’s stock.

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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.

Analyst Recommendations for Forward Air (NASDAQ:FWRD)

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