Forward Air Corporation (NASDAQ:FWRD) has analysts on the Bullish side this week.

January 22, 2018 - By Linda Rogers

 Forward Air Corporation (NASDAQ:FWRD) has analysts on the Bullish side this week.
Investors sentiment increased to 1.9 in 2017 Q3. Its up 0.60, from 1.3 in 2017Q2. It increased, as 6 investors sold Forward Air Corporation shares while 44 reduced holdings. 29 funds opened positions while 66 raised stakes. 28.18 million shares or 2.37% less from 28.87 million shares in 2017Q2 were reported.
Nationwide Fund Advsrs invested 0% in Forward Air Corporation (NASDAQ:FWRD). State Street invested in 0% or 784,597 shares. Citigroup Inc owns 12,929 shares or 0% of their US portfolio. Schwab Charles Inv Mgmt Incorporated has 202,688 shares for 0.01% of their portfolio. Dubuque Fincl Bank And Trust Com holds 5,717 shares or 0.05% of its portfolio. Moreover, Pub Employees Retirement Association Of Colorado has 0% invested in Forward Air Corporation (NASDAQ:FWRD). Citadel Advsr Lc holds 0% or 55,503 shares. Wells Fargo And Mn holds 0% or 143,662 shares in its portfolio. D E Shaw Communications invested 0% in Forward Air Corporation (NASDAQ:FWRD). Vanguard Group stated it has 2.79 million shares. Us Savings Bank De accumulated 3,071 shares. Teachers Retirement System Of The State Of Kentucky has invested 0.01% in Forward Air Corporation (NASDAQ:FWRD). Bankshares Of Montreal Can has 0% invested in Forward Air Corporation (NASDAQ:FWRD) for 1,589 shares. Legal & General Grp Inc Pcl reported 61,860 shares or 0% of all its holdings. First Trust Advsrs Limited Partnership accumulated 5,817 shares or 0% of the stock.

Since July 31, 2017, it had 0 insider purchases, and 3 insider sales for $1.21 million activity.

Forward Air Corporation (NASDAQ:FWRD) Ratings Coverage

Among 9 analysts covering Forward Air (NASDAQ:FWRD), 3 have Buy rating, 0 Sell and 6 Hold. Therefore 33% are positive. Forward Air had 27 analyst reports since July 24, 2015 according to SRatingsIntel. Robert W. Baird maintained the shares of FWRD in report on Thursday, October 5 with “Hold” rating. Cowen & Co maintained the stock with “Hold” rating in Monday, September 11 report. The firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, February 11. Cowen & Co maintained the shares of FWRD in report on Tuesday, September 20 with “Market Perform” rating. The firm has “Neutral” rating given on Friday, December 2 by Robert W. Baird. The firm has “Hold” rating by Stifel Nicolaus given on Thursday, January 18. The firm has “Market Perform” rating by Cowen & Co given on Thursday, July 23. The firm earned “Hold” rating on Tuesday, September 19 by KeyBanc Capital Markets. The firm has “Hold” rating by Cowen & Co given on Monday, October 16. KeyBanc Capital Markets maintained the stock with “Hold” rating in Tuesday, October 24 report. Below is a list of Forward Air Corporation (NASDAQ:FWRD) latest ratings and price target changes.

18/01/2018 Broker: Stifel Nicolaus Rating: Hold New Target: $59.0 Maintain
18/01/2018 Broker: Robert W. Baird Rating: Buy Upgrade
08/01/2018 Broker: Stephens Rating: Buy New Target: $80.0 Maintain
10/11/2017 Broker: Robert W. Baird Rating: Hold New Target: $60.0 Maintain
30/10/2017 Broker: Cowen & Co Rating: Hold New Target: $54.0 Maintain
26/10/2017 Broker: Stifel Nicolaus Rating: Hold Old Target: $47 New Target: $52 Maintain
24/10/2017 Broker: KeyBanc Capital Markets Rating: Hold Maintain
16/10/2017 Broker: Cowen & Co Rating: Hold New Target: $51.0 Maintain
05/10/2017 Broker: Robert W. Baird Rating: Hold New Target: $60.0 Maintain
19/09/2017 Broker: KeyBanc Capital Markets Rating: Hold Maintain

The stock increased 3.28% or $2 during the last trading session, reaching $62.9. About 312,328 shares traded or 97.23% up from the average. Forward Air Corporation (NASDAQ:FWRD) has risen 16.39% since January 22, 2017 and is uptrending. It has underperformed by 0.31% the S&P500.

Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics firm in the United State and Canada. The company has market cap of $1.87 billion. The firm operates through four divisions: Expedited LTL, Truckload Premium Services , Intermodal, and Pool Distribution. It has a 29.67 P/E ratio. The Expedited LTL segment provides expedited regional, inter-regional, and national less-than-truckload services, as well as local pick-up and delivery services.

More notable recent Forward Air Corporation (NASDAQ:FWRD) news were published by: Businesswire.com which released: “Forward Air Corporation Announces Election of Three New Independent Directors …” on July 17, 2017, also Businesswire.com with their article: “Forward Air Corporation Announces Acquisition of Atlantic” published on April 10, 2017, Businesswire.com published: “Forward Air Corporation Announces Election of Valerie A. Bonebrake as New …” on January 12, 2018. More interesting news about Forward Air Corporation (NASDAQ:FWRD) were released by: Businesswire.com and their article: “Forward Air Corporation Announces Timing of Fourth Quarter 2017 Earnings …” published on January 15, 2018 as well as Businesswire.com‘s news article titled: “Forward Air Corporation Closes Acquisition of Atlantic” with publication date: May 18, 2017.

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