Forward Air (NASDAQ:FWRD) Stock Price Up 6.6% – Here’s What Happened

Posted by Francis Steltz on Oct 8th, 2026

Forward Air Corporation (NASDAQ:FWRD – Get Free Report) shares shot up 6.6% during mid-day trading on Thursday. The stock traded as high as $16.30 and last traded at $16.38. 220,768 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 871,075 shares. The stock had previously closed at $15.37.

Analyst Upgrades and Downgrades

FWRD has been the topic of several recent research reports. Zacks Research lowered shares of Forward Air from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 3rd. Wall Street Zen upgraded Forward Air from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings upgraded shares of Forward Air from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, September 8th. Stifel Nicolaus lowered their price target on Forward Air from $27.00 to $24.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Susquehanna reduced their target price on Forward Air from $29.00 to $25.00 and set a “positive” rating on the stock in a research note on Friday, October 2nd. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $24.50.

Read Our Latest Research Report on FWRD

Forward Air Price Performance

The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 13.98. The company has a market cap of $519.04 million, a PE ratio of -1.84 and a beta of 1.41. The firm has a 50 day moving average of $16.62 and a two-hundred day moving average of $15.34.

Institutional Trading of Forward Air

A number of institutional investors and hedge funds have recently bought and sold shares of FWRD. WINTON GROUP Ltd bought a new stake in shares of Forward Air during the second quarter valued at approximately $406,000. Engineers Gate Manager LP boosted its stake in Forward Air by 68.8% during the 2nd quarter. Engineers Gate Manager LP now owns 76,646 shares of the transportation company’s stock valued at $1,035,000 after purchasing an additional 31,241 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in Forward Air during the 2nd quarter valued at $28,000. Squarepoint Ops LLC increased its holdings in shares of Forward Air by 12.7% in the 2nd quarter. Squarepoint Ops LLC now owns 194,766 shares of the transportation company’s stock worth $2,631,000 after purchasing an additional 21,908 shares in the last quarter. Finally, Corient Private Wealth LP bought a new position in shares of Forward Air during the second quarter valued at $175,000. 97.03% of the stock is currently owned by institutional investors.

Forward Air Company Profile

(Get Free Report)

Forward Air Corporation (NASDAQ: FWRD) is a transportation and logistics company that provides time-definite, less-than-truckload and other supply chain services. Its offerings include expedited ground transportation, intermodal drayage, truckload services, final-mile delivery, pool distribution and freight forwarding.

The company serves a range of industries, including aviation, automotive, healthcare, retail and manufacturing. Forward Air’s network is focused primarily on North America, with international logistics capabilities provided through its global forwarding operations.

Founded in 1981, Forward Air has historically operated an asset-light transportation model that emphasizes the movement of shipments between key distribution centers and transportation hubs.