▼ -11.16% Downside Potential
This price target is based on 3 analysts offering 12 month price targets for Forward Air in the last 3 months. The average price target is $77.75, with a high forecast of $101.00 and a low forecast of $54.00. The average price target represents a -11.16% upside from the last price of $87.52.
The current consensus among 3 polled investment analysts is to buy stock in Forward Air. This rating has held steady since September 2020, when it changed from a Hold consensus rating.
Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United State and Canada. The company operates through three segments: Expedited Freight, Intermodal, and Pool Distribution. The Expedited Freight segment provides expedited regional, inter-regional, and national less-than-truckload services; local pick-up and delivery services; and other services, which include final mile, truckload, shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling. It also offers expedited truckload brokerage, dedicated fleet, and high security and temperature-controlled logistics services. The Intermodal segment provides intermodal container drayage services; and contract, and container freight station warehouse and handling services. The Pool segment offers pool distribution services comprising managing high-frequency handling and distribution of time-sensitive products to various destinations through a network of terminals. Forward Air Corporation was founded in 1981 and is headquartered in Greeneville, Tennessee.