Forward Air (FWRD) Receives a Hold from Robert W. Baird

In a report issued on February 10, Garrett Holland from Robert W. Baird assigned a Hold rating to Forward Air (FWRDResearch Report), with a price target of $125.00. The company’s shares closed last Friday at $100.99.

According to, Holland is a 3-star analyst with an average return of 6.9% and a 62.9% success rate. Holland covers the Industrial Goods sector, focusing on stocks such as Expeditors International, Knight Transportation, and Old Dominion Freight.

Forward Air has an analyst consensus of Moderate Buy, with a price target consensus of $139.40.

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Based on Forward Air’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $460 million and net profit of $40.47 million. In comparison, last year the company earned revenue of $350 million and had a GAAP net loss of $4.44 million.

Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FWRD in relation to earlier this year.

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Forward Air Corp. engages in the provision of less-than-truckload (LTL), truckload, intermodal and pool distribution services. It operates through the following segments: Expedited LTL, Intermodal, and Pool Distribution. The Expedited LTL segment provides expedited regional, inter-regional and national LTL, final mile and truckload services. The Intermodal segment provides first and last-mile high value intermodal container drayage services to and from seaports and railheads. The Pool Distribution segment provides in handling and distribution of time sensitive product. The company was founded by Scott M. Niswonger on October 23, 1981 and is headquartered in Greeneville, TN.

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