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Forward Air - FWRD Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $80.14
  • Forecasted Upside: 243.96%
  • Number of Analysts: 8
  • Breakdown:
  • 1 Sell Ratings
  • 4 Hold Ratings
  • 3 Buy Ratings
  • 0 Strong Buy Ratings
$23.30 As of 04/24/2024 01:00 AM ET
▼ -0.7 (-2.92%)

This chart shows the closing price for FWRD by one month, three months, or twelve months.

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Analyst Price Target for FWRD

Analyst Price Target is $80.14
▲ +243.96% Upside Potential
This price target is based on 8 analysts offering 12 month price targets for Forward Air in the last 3 months. The average price target is $80.14, with a high forecast of $130.00 and a low forecast of $40.00. The average price target represents a 243.96% upside from the last price of $23.30.

This chart shows the closing price for FWRD for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Hold

The current consensus among 8 contributing investment analysts is to hold stock in Forward Air. This Hold consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 3 buy ratings
  • 4 hold ratings
  • 1 sell ratings
Ratings as of
11/2/2022
  • 0 strong buy ratings
  • 3 buy ratings
  • 4 hold ratings
  • 1 sell ratings
Ratings as of
1/31/2023
  • 0 strong buy ratings
  • 3 buy ratings
  • 4 hold ratings
  • 1 sell ratings
Ratings as of
5/1/2023
  • 0 strong buy ratings
  • 3 buy ratings
  • 4 hold ratings
  • 1 sell ratings
Ratings as of
7/30/2023
  • 0 strong buy ratings
  • 3 buy ratings
  • 4 hold ratings
  • 1 sell ratings
Ratings as of
10/28/2023
  • 0 strong buy ratings
  • 3 buy ratings
  • 4 hold ratings
  • 1 sell ratings
Ratings as of
1/26/2024
  • 0 strong buy ratings
  • 3 buy ratings
  • 4 hold ratings
  • 1 sell ratings
Ratings as of
3/26/2024
  • 0 strong buy ratings
  • 3 buy ratings
  • 4 hold ratings
  • 1 sell ratings
Ratings as of
4/25/2024

Latest Recommendations

  • 0 strong buy ratings
  • 3 buy ratings
  • 4 hold ratings
  • 1 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
4/24/2024BenchmarkReiterated RatingHoldLow
4/18/2024BenchmarkReiterated RatingHoldLow
4/3/2024BenchmarkReiterated RatingHoldLow
3/1/2024Robert W. BairdLower TargetNeutral ➝ Neutral$50.00 ➝ $40.00Low
1/22/2024Stifel NicolausLower TargetHold ➝ Hold$80.00 ➝ $55.00Low
1/10/2024Stifel NicolausLower TargetHold ➝ Hold$81.00 ➝ $80.00Low
1/10/2024Wolfe ResearchDowngradePeer Perform ➝ Underperform$50.00Low
11/1/2023SusquehannaLower TargetPositive ➝ Positive$84.00 ➝ $75.00Low
10/5/2023Stifel NicolausLower Target$103.00 ➝ $86.00Low
10/4/2023SusquehannaBoost TargetPositive ➝ Positive$76.00 ➝ $80.00Low
8/29/2023Jefferies Financial GroupUpgradeHold ➝ Buy$110.00 ➝ $85.00Low
8/28/2023Wolfe ResearchUpgradeUnderperform ➝ Peer PerformLow
8/15/2023Robert W. BairdDowngradeOutperform ➝ Neutral$130.00 ➝ $80.00Low
8/11/2023Stifel NicolausDowngradeBuy ➝ Hold$127.00 ➝ $103.00Low
8/11/2023Wolfe ResearchDowngradePeer Perform ➝ Underperform$80.00Low
8/11/2023Raymond JamesDowngradeStrong-Buy ➝ Market PerformLow
8/7/2023StephensReiterated RatingOverweight ➝ Overweight$130.00Low
8/7/2023Raymond JamesBoost TargetStrong-Buy ➝ Strong-Buy$120.00 ➝ $126.00Low
7/19/2023Robert W. BairdUpgradeNeutral ➝ Outperform$106.00 ➝ $130.00N/A
5/10/2023Stifel NicolausLower Target$123.00 ➝ $116.00Low
5/3/2023Raymond JamesLower Target$128.00 ➝ $115.00Low
5/3/2023SusquehannaLower Target$138.00 ➝ $125.00Low
4/10/2023SusquehannaBoost TargetPositive$120.00 ➝ $138.00Low
3/8/2023StephensReiterated RatingOverweight$125.00Low
2/10/2023SusquehannaLower TargetPositive$125.00 ➝ $120.00Low
2/9/2023StephensReiterated RatingOverweight$125.00Low
1/4/2023Jefferies Financial GroupReiterated RatingBuy ➝ Hold$110.00Low
10/24/2022Jefferies Financial GroupInitiated CoverageBuy$120.00Low
10/14/2022Raymond JamesLower TargetStrong-Buy$140.00 ➝ $135.00Low
7/19/2022BenchmarkInitiated CoverageHoldLow
7/15/2022Raymond JamesLower Target$145.00 ➝ $135.00Low
4/29/2022Susquehanna BancsharesLower Target$143.00 ➝ $133.00High
4/29/2022SusquehannaLower Target$143.00 ➝ $133.00High
4/28/2022Stifel NicolausUpgradeHold ➝ Buy$122.00 ➝ $136.00Low
1/6/2022Wolfe ResearchDowngradeOutperform ➝ Peer PerformHigh
1/5/2022Robert W. BairdDowngradeOutperform ➝ Neutral$110.00 ➝ $125.00High
1/4/2022StephensUpgradeEqual Weight ➝ Overweight$115.00 ➝ $165.00High
12/30/2021Raymond JamesBoost TargetStrong-Buy$135.00 ➝ $145.00Low
12/9/2021Susquehanna BancsharesInitiated CoveragePositive$132.00Medium
12/9/2021SusquehannaInitiated CoveragePositive$132.00Medium
10/29/2021Raymond JamesBoost TargetStrong-Buy$125.00 ➝ $135.00Medium
10/29/2021Robert W. BairdBoost TargetOutperform$100.00 ➝ $110.00High
7/13/2021Raymond JamesBoost TargetStrong-Buy$120.00 ➝ $125.00Medium
5/3/2021Raymond JamesUpgradeOutperform ➝ Strong-Buy$100.00 ➝ $120.00High
4/15/2021Raymond JamesBoost TargetOutperform$95.00 ➝ $100.00Low
2/16/2021Wolfe ResearchUpgradePeer Perform ➝ Outperform$101.00Low
2/16/2021Raymond JamesBoost TargetOutperform$80.00 ➝ $95.00Low
12/11/2020Raymond JamesBoost TargetOutperform$70.00 ➝ $80.00Medium
11/2/2020Stifel NicolausBoost TargetHold$58.00 ➝ $61.00Medium
11/2/2020Raymond JamesBoost TargetOutperform$65.00 ➝ $70.00Medium
9/29/2020Raymond JamesUpgradeMarket Perform ➝ Outperform$65.00High
7/24/2020Stifel NicolausBoost TargetHold$45.00 ➝ $52.00Medium
6/9/2020Wolfe ResearchUpgradeUnderperform ➝ Peer PerformLow
5/4/2020Robert W. BairdLower TargetOutperformer$60.00 ➝ $54.00High
3/27/2020Wolfe ResearchDowngradeMarket Perform ➝ UnderperformLow
2/10/2020StephensLower TargetEqual Weight$81.00 ➝ $76.00Low
10/25/2019Robert W. BairdSet TargetBuy$75.00Low
4/26/2019Deutsche Bank AktiengesellschaftBoost TargetBuy ➝ Buy$73.00 ➝ $75.00Low
(Data available from 4/25/2019 forward)

News Sentiment Rating

0.38 (Hold)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 15 very positive mentions
  • 6 positive mentions
  • 1 negative mentions
  • 1 very negative mentions
Mentions as of
9/28/2023
  • 4 very positive mentions
  • 16 positive mentions
  • 2 negative mentions
  • 2 very negative mentions
Mentions as of
10/28/2023
  • 5 very positive mentions
  • 16 positive mentions
  • 3 negative mentions
  • 2 very negative mentions
Mentions as of
11/27/2023
  • 6 very positive mentions
  • 5 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Mentions as of
12/27/2023
  • 10 very positive mentions
  • 11 positive mentions
  • 6 negative mentions
  • 1 very negative mentions
Mentions as of
1/26/2024
  • 10 very positive mentions
  • 27 positive mentions
  • 5 negative mentions
  • 1 very negative mentions
Mentions as of
2/25/2024
  • 11 very positive mentions
  • 10 positive mentions
  • 4 negative mentions
  • 1 very negative mentions
Mentions as of
3/26/2024
  • 7 very positive mentions
  • 11 positive mentions
  • 5 negative mentions
  • 0 very negative mentions
Mentions as of
4/25/2024

Current Sentiment

  • 7 very positive mentions
  • 11 positive mentions
  • 5 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

Positive

Very Positive

Forward Air logo
Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United States and Canada. It operates in two segments, Expedited Freight and Intermodal. 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 shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling. This segment 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. It serves freight forwarders, third-party logistics companies, integrated air cargo carriers and passenger, passenger and cargo airlines, steamship lines, and retailers. Forward Air Corporation was founded in 1981 and is headquartered in Greeneville, Tennessee.
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Today's Range

Now: $23.30
Low: $23.04
High: $23.91

50 Day Range

MA: $30.90
Low: $22.65
High: $41.15

52 Week Range

Now: $23.30
Low: $22.08
High: $121.38

Volume

1,037,985 shs

Average Volume

937,016 shs

Market Capitalization

$614.42 million

P/E Ratio

3.63

Dividend Yield

N/A

Beta

0.98

Frequently Asked Questions

What sell-side analysts currently cover shares of Forward Air?

The following sell-side analysts have issued research reports on Forward Air in the last year: Benchmark Co., Jefferies Financial Group Inc., Raymond James, Robert W. Baird, Stephens, Stifel Nicolaus, StockNews.com, Susquehanna, TheStreet, and Wolfe Research.
View the latest analyst ratings for FWRD.

What is the current price target for Forward Air?

7 Wall Street analysts have set twelve-month price targets for Forward Air in the last year. Their average twelve-month price target is $80.14, suggesting a possible upside of 244.0%. Stephens has the highest price target set, predicting FWRD will reach $130.00 in the next twelve months. Robert W. Baird has the lowest price target set, forecasting a price of $40.00 for Forward Air in the next year.
View the latest price targets for FWRD.

What is the current consensus analyst rating for Forward Air?

Forward Air currently has 1 sell rating, 4 hold ratings and 3 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in FWRD, but not buy more shares or sell existing shares.
View the latest ratings for FWRD.

What other companies compete with Forward Air?

Other companies that are similar to Forward Air include Teekay, Ardmore Shipping, Hawaiian, Covenant Logistics Group and Eagle Bulk Shipping. Learn More about companies similar to Forward Air.

How do I contact Forward Air's investor relations team?

Forward Air's physical mailing address is 1915 SNAPPS FERRY ROAD BUILDING N, GREENEVILLE TN, 37744. The transportation company's listed phone number is (423) 636-7000 and its investor relations email address is [email protected]. The official website for Forward Air is www.forwardair.com. Learn More about contacing Forward Air investor relations.