Analysts take a look at Forward Air Corporation (NASDAQ:FWRD) having this to say.

January 22, 2018 - By Adrian Mccoy

 Analysts take a look at Forward Air Corporation (NASDAQ:FWRD) having this to say.
Investors sentiment increased to 1.9 in 2017 Q3. Its up 0.60, from 1.3 in 2017Q2. It is positive, as 6 investors sold Forward Air Corporation shares while 44 reduced holdings. 29 funds opened positions while 66 raised stakes. 28.18 million shares or 2.37% less from 28.87 million shares in 2017Q2 were reported.
Ls Invest Ltd Liability Corporation invested in 1,036 shares or 0% of the stock. Amer Gru holds 23,811 shares or 0% of its portfolio. Profund Advisors Limited Liability Company owns 4,318 shares or 0.01% of their US portfolio. 6,812 are owned by Parametrica Management Limited. Amer Mgmt holds 0.27% or 74,375 shares. Fmr Ltd Co reported 221,185 shares. Employees Retirement Sys Of Ohio holds 0.02% in Forward Air Corporation (NASDAQ:FWRD) or 56,848 shares. Pennsylvania-based Vanguard Gru Inc has invested 0.01% in Forward Air Corporation (NASDAQ:FWRD). Moreover, Mason Street Advsrs Ltd Limited Liability Company has 0.01% invested in Forward Air Corporation (NASDAQ:FWRD) for 7,673 shares. Prudential Fincl Incorporated holds 0.01% in Forward Air Corporation (NASDAQ:FWRD) or 55,927 shares. Nordea Inv Management holds 0.02% of its portfolio in Forward Air Corporation (NASDAQ:FWRD) for 131,611 shares. Parametric Assocs Ltd Liability holds 77,173 shares. Sector Pension Invest Board holds 0% of its portfolio in Forward Air Corporation (NASDAQ:FWRD) for 19,136 shares. Ubs Asset Mgmt Americas stated it has 15,573 shares or 0% of all its holdings. Gsa Capital Prns Limited Liability Partnership holds 0.04% of its portfolio in Forward Air Corporation (NASDAQ:FWRD) for 9,373 shares.

Since July 31, 2017, it had 0 insider buys, and 3 sales for $1.21 million activity.

Forward Air Corporation (NASDAQ:FWRD) Ratings Coverage

Among 9 analysts covering Forward Air (NASDAQ:FWRD), 3 have Buy rating, 0 Sell and 6 Hold. Therefore 33% are positive. Forward Air had 27 analyst reports since July 24, 2015 according to SRatingsIntel. Robert W. Baird maintained Forward Air Corporation (NASDAQ:FWRD) on Friday, November 10 with “Hold” rating. On Thursday, October 26 the stock rating was maintained by Stifel Nicolaus with “Hold”. Robert W. Baird upgraded the stock to “Outperform” rating in Tuesday, November 17 report. The rating was maintained by Cowen & Co with “Hold” on Monday, October 30. The firm earned “Hold” rating on Tuesday, September 19 by KeyBanc Capital Markets. RBC Capital Markets maintained Forward Air Corporation (NASDAQ:FWRD) on Thursday, February 11 with “Sector Perform” rating. The stock of Forward Air Corporation (NASDAQ:FWRD) earned “Outperform” rating by RBC Capital Markets on Tuesday, May 24. On Friday, October 21 the stock rating was maintained by Cowen & Co with “Market Perform”. Stifel Nicolaus maintained the stock with “Hold” rating in Thursday, January 18 report. Cowen & Co maintained the shares of FWRD in report on Monday, September 11 with “Hold” rating. Below is a list of Forward Air Corporation (NASDAQ:FWRD) latest ratings and price target changes.

18/01/2018 Broker: Stifel Nicolaus Rating: Hold New Target: $59.0 Maintain
18/01/2018 Broker: Robert W. Baird Rating: Buy Upgrade
08/01/2018 Broker: Stephens Rating: Buy New Target: $80.0 Maintain
10/11/2017 Broker: Robert W. Baird Rating: Hold New Target: $60.0 Maintain
30/10/2017 Broker: Cowen & Co Rating: Hold New Target: $54.0 Maintain
26/10/2017 Broker: Stifel Nicolaus Rating: Hold Old Target: $47 New Target: $52 Maintain
24/10/2017 Broker: KeyBanc Capital Markets Rating: Hold Maintain
16/10/2017 Broker: Cowen & Co Rating: Hold New Target: $51.0 Maintain
05/10/2017 Broker: Robert W. Baird Rating: Hold New Target: $60.0 Maintain
19/09/2017 Broker: KeyBanc Capital Markets Rating: Hold Maintain

The stock increased 3.28% or $2 during the last trading session, reaching $62.9. About 312,328 shares traded or 97.23% up from the average. Forward Air Corporation (NASDAQ:FWRD) has risen 16.39% since January 22, 2017 and is uptrending. It has underperformed by 0.31% the S&P500.

Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics firm in the United State and Canada. The company has market cap of $1.87 billion. The firm operates through four divisions: Expedited LTL, Truckload Premium Services , Intermodal, and Pool Distribution. It has a 29.67 P/E ratio. The Expedited LTL segment provides expedited regional, inter-regional, and national less-than-truckload services, as well as local pick-up and delivery services.

More notable recent Forward Air Corporation (NASDAQ:FWRD) news were published by: Businesswire.com which released: “Forward Air Corporation Announces Election of Three New Independent Directors …” on July 17, 2017, also Businesswire.com with their article: “Forward Air Corporation Announces Timing of Fourth Quarter 2017 Earnings …” published on January 15, 2018, Businesswire.com published: “Forward Air Corporation Announces Election of Valerie A. Bonebrake as New …” on January 12, 2018. More interesting news about Forward Air Corporation (NASDAQ:FWRD) were released by: Benzinga.com and their article: “Baird: Three Catalysts That Could Help Forward Air Deliver” published on January 18, 2018 as well as Businesswire.com‘s news article titled: “Forward Air Corporation Announces Acquisition of Atlantic” with publication date: April 10, 2017.

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