Cowen disclosed Forward Air (NASDAQ:FWRD), lowering its target price to $48.00 earlier today
- Updated: September 20, 2016
Indicating a possible upside of 0.05%, Cowen dropped the price target of Forward Air (NASDAQ:FWRD) to $48.
Previously on 7/25/2016, Cowen reported on Forward Air(NASDAQ:FWRD) raised the target price from $47.00 to $50.00 that suggested an upside of 0.06%.
Having a price of $45.56, Forward Air (NASDAQ:FWRD) traded 4.48% lower on the day. The last stock price close is up 3.65% relative to the 200-day average, compared to the Standard & Poor’s 500 Index which has fallen -0.01% over the same time. The company has registered a 50-day moving average of $46.08 and two hundred day moving average of $45.17. 113,235 shares of Forward Air were exchanged, down from ann average trading volume of 156,473
With a market cap of $0.0, Forward Air has a P/E of 32 with a one-year low of $36.00 and a one-year high of $50.47.
A total of 8 analysts have released a report on FWRD. Six firms rate the stock a strong buy, 0 rate the company a buy, seven analyts rate the company a hold, 0 rate the stock to underperform, and finally 0 firmsrate the stock as sell with a one year target price of $50.38
Brief Synopsis About Forward Air (NASDAQ:FWRD)
Forward Air Corporation offers services, which are classified into three segments: Forward Air, Forward Air Solutions (FASI) and Total Quality (TQI). The Company, through its three segments, offers a range of logistic and other services, including expedited full truckload (TLX), pick-up and delivery (Forward Air Complete), pool distribution, temperature-controlled truckload, warehousing, customs brokerage and shipment consolidation and handling. The Forward Air segment provides time-definite transportation and related logistics services to the North American deferred air freight market. The FASI segment provides pool distribution services through a network of terminals and service locations in over 30 cities throughout the Mid-Atlantic, Southeast, Midwest and Southwest continental United States. The TQI segment provides security and temperature-controlled logistics services, primarily truckload services, and to the pharmaceutical and other life science industries.
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