TheStreet downgraded Forward Air Corporation (NASDAQ:FWRD) to Hold in a report released today.
- Updated: September 23, 2016
Yesterday Forward Air Corporation (NASDAQ:FWRD) traded -1.14% lower at $42.50. The company’s 50-day moving average is $45.74 and its 200-day moving average is $45.15. The last closing price is down -5.88% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 200,558 shares of the stock traded hands, up from an average trading volume of 165,444
TheStreet has downgraded Forward Air Corporation (NASDAQ:FWRD) to Hold in a report released on 9/22/2016.
Previously on 9/20/2016, Cowen reported on Forward Air Corporation (NASDAQ:FWRD) reduced the target price from $50.00 to $48.00. At the time, this indicated a possible upside of 0.05%.
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Forward Air Corporation has a 52 week low of $36.00 and a 52 week high of $50.47 with a P/E ratio of 31.27 The company’s market cap is currently $0.
In addition to TheStreet reporting its stock price target, a total of 8 brokers have issued a report on the company. The average stock price target is $50.38 with 6 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 7 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About Forward Air Corporation (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, to the pharmaceutical and other life science industries.
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