Forward Air Corporation (NASDAQ:FWRD) Receives Average Recommendation of “Hold” from Analysts

Posted by Geri Gentry on Sep 8th, 2026

Forward Air Corporation (NASDAQ:FWRD – Get Free Report) has been given a consensus recommendation of “Hold” by the five ratings firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $28.00.

A number of equities analysts have recently commented on FWRD shares. Weiss Ratings cut Forward Air from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, August 21st. Wall Street Zen upgraded Forward Air from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Susquehanna lifted their target price on Forward Air from $18.00 to $29.00 and gave the company a “positive” rating in a research report on Thursday, August 13th. Stifel Nicolaus boosted their target price on Forward Air from $19.00 to $27.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Finally, Zacks Research cut shares of Forward Air from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 3rd.

View Our Latest Research Report on FWRD

Hedge Funds Weigh In On Forward Air

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Garton & Associates Financial Advisors LLC acquired a new position in shares of Forward Air during the fourth quarter worth $36,000. Allied Private Wealth LLC acquired a new stake in shares of Forward Air during the 2nd quarter valued at $57,000. Tower Research Capital LLC TRC grew its position in Forward Air by 207.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,600 shares of the transportation company’s stock worth $64,000 after acquiring an additional 1,753 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in Forward Air in the 4th quarter worth about $74,000. Finally, Fifth Third Bancorp increased its holdings in Forward Air by 2,397.7% in the 1st quarter. Fifth Third Bancorp now owns 5,495 shares of the transportation company’s stock worth $92,000 after purchasing an additional 5,275 shares in the last quarter. Institutional investors own 97.03% of the company’s stock.

Forward Air Price Performance

NASDAQ FWRD opened at $17.89 on Tuesday. The business has a fifty day moving average price of $15.87 and a two-hundred day moving average price of $16.38. The stock has a market capitalization of $565.68 million, a PE ratio of -2.01 and a beta of 1.38. Forward Air has a fifty-two week low of $7.86 and a fifty-two week high of $31.30. The company has a debt-to-equity ratio of 13.98, a current ratio of 1.32 and a quick ratio of 1.32.

Forward Air Company Profile

(Get Free Report)

Forward Air Corporation is a leading North American provider of expedited ground transportation and related logistics services, specializing in time-sensitive shipments. The company offers a comprehensive suite of solutions including less-than-truckload (LTL) expedited freight, consolidation and distribution services, container drayage, and final-mile delivery. By integrating transportation management with warehousing, inventory control, and technology-driven tracking, Forward Air supports customers across a variety of industries such as manufacturing, retail, automotive and chemicals.

Founded in 1981 and headquartered in Greeneville, Tennessee, Forward Air has developed a broad network of service centers, terminals and rail ramps throughout the United States, Canada and Puerto Rico.