In a report released yesterday, J. Bruce Chan from Stifel Nicolaus maintained a Hold rating on Forward Air (FWRD – Research Report), with a price target of $23.00. The company’s shares closed yesterday at $15.40.
Bruce Chan covers the Industrials sector, focusing on stocks such as FedEx, GXO Logistics, and Forward Air. According to TipRanks, Bruce Chan has an average return of 3.1% and a 49.73% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Forward Air with a $20.67 average price target.
The company has a one-year high of $120.51 and a one-year low of $12.85. Currently, Forward Air has an average volume of 1.12M.
Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FWRD in relation to earlier this year.
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Forward Air (FWRD) Company Description:
Forward Air Corp. engages in the provision of less-than-truckload (LTL), truckload, intermodal and pool distribution services. It operates through the following segments: Expedited LTL, Intermodal, and Pool Distribution. The Expedited LTL segment provides expedited regional, inter-regional and national LTL, final mile and truckload services. The Intermodal segment provides first and last-mile high value intermodal container drayage services to and from seaports and railheads. The Pool Distribution segment provides in handling and distribution of time sensitive product. The company was founded by Scott M. Niswonger on October 23, 1981 and is headquartered in Greeneville, TN.
