Forward Air Corporation (NASDAQ:FWRD) Stock Has Consensus Price Target of $28.00

Posted by on Sep 29th, 2026

Shares of Forward Air Corporation (NASDAQ:FWRD – Get Free Report) have been given an average recommendation of “Hold” by the five analysts that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $28.00.

Several brokerages have recently weighed in on FWRD. Stifel Nicolaus boosted their price target on shares of Forward Air from $19.00 to $27.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Wall Street Zen upgraded shares of Forward Air from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings raised shares of Forward Air from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, September 8th. Zacks Research lowered shares of Forward Air from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 3rd. Finally, Susquehanna increased their price target on shares of Forward Air from $18.00 to $29.00 and gave the company a “positive” rating in a research note on Thursday, August 13th.

Read Our Latest Research Report on FWRD

Forward Air Stock Up 3.9%

Shares of NASDAQ:FWRD opened at $15.27 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 13.98. The business has a fifty day moving average of $16.61 and a two-hundred day moving average of $15.39. The stock has a market cap of $482.84 million, a P/E ratio of -1.72 and a beta of 1.38. Forward Air has a 52-week low of $7.86 and a 52-week high of $31.17.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FWRD. BlackRock Inc. acquired a new position in shares of Forward Air in the 2nd quarter valued at $37,485,000. Cibc World Market Inc. acquired a new stake in shares of Forward Air during the 2nd quarter worth about $14,485,000. Deutsche Bank AG acquired a new stake in shares of Forward Air during the 2nd quarter worth about $8,293,000. Melqart Asset Management UK Ltd raised its holdings in Forward Air by 122.3% in the 4th quarter. Melqart Asset Management UK Ltd now owns 849,876 shares of the transportation company’s stock valued at $21,247,000 after buying an additional 467,482 shares during the period. Finally, Landscape Capital Management L.L.C. purchased a new stake in Forward Air in the 2nd quarter valued at about $2,987,000. 97.03% of the stock is currently owned by institutional investors and hedge funds.

Forward Air Company Profile

(Get Free Report)

Forward Air Corporation (NASDAQ: FWRD) is a transportation and logistics company that provides time-definite, expedited freight and supply-chain services. Its operations support the movement of shipments that require reliable scheduling, specialized handling, or faster transit than traditional freight services.

The company’s service offerings include less-than-truckload transportation, truckload and intermodal services, final-mile delivery, freight forwarding, customs brokerage, warehousing, and related logistics solutions.

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Analyst Recommendations for Forward Air (NASDAQ:FWRD)

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