Forward Air (NASDAQ:FWRD) Earns Hold Rating from Benchmark

Forward Air (NASDAQ:FWRD)‘s stock had its “hold” rating restated by analysts at Benchmark in a research note issued to investors on Tuesday,Benzinga reports.

FWRD has been the subject of several other research reports. Stifel Nicolaus upped their price objective on shares of Forward Air from $31.00 to $36.00 and gave the stock a “hold” rating in a report on Monday, October 21st. StockNews.com raised shares of Forward Air to a “sell” rating in a research note on Wednesday, November 6th. Finally, Jefferies Financial Group set a $47.00 price objective on shares of Forward Air and gave the company a “buy” rating in a research note on Friday, October 18th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $39.25.

Forward Air Stock Up 0.0 %

FWRD opened at $32.01 on Tuesday. The company has a debt-to-equity ratio of 5.07, a current ratio of 1.21 and a quick ratio of 1.21. Forward Air has a 12 month low of $11.21 and a 12 month high of $63.63. The stock’s 50 day moving average price is $33.62 and its 200 day moving average price is $31.16. The stock has a market cap of $926.82 million, a P/E ratio of -1.34 and a beta of 1.04.

Institutional Trading of Forward Air

Several institutional investors and hedge funds have recently added to or reduced their stakes in FWRD. Point72 DIFC Ltd bought a new position in shares of Forward Air in the second quarter valued at $26,000. Northwest Investment Counselors LLC acquired a new position in shares of Forward Air in the 3rd quarter worth $39,000. Nisa Investment Advisors LLC raised its position in shares of Forward Air by 62.2% during the third quarter. Nisa Investment Advisors LLC now owns 1,990 shares of the transportation company’s stock worth $70,000 after purchasing an additional 763 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Forward Air by 89.2% during the third quarter. GAMMA Investing LLC now owns 3,768 shares of the transportation company’s stock valued at $133,000 after purchasing an additional 1,776 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Forward Air by 33.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,218 shares of the transportation company’s stock valued at $137,000 after purchasing an additional 1,803 shares during the last quarter. 97.03% of the stock is owned by institutional investors and hedge funds.

Forward Air Company Profile

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.