Forward Air (NASDAQ:FWRD) Given New $18.00 Price Target at Susquehanna

Forward Air (NASDAQ:FWRD) had its price objective trimmed by Susquehanna from $42.00 to $18.00 in a report published on Friday, Marketbeat.com reports. The brokerage currently has a positive rating on the transportation company’s stock.

Other research analysts also recently issued research reports about the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Forward Air in a report on Tuesday, April 21st. Zacks Research cut shares of Forward Air from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 13th. Finally, Stifel Nicolaus lowered their target price on shares of Forward Air from $31.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, April 16th. Three analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $17.50.

Forward Air Trading Down 43.0%

Shares of Forward Air stock opened at $9.87 on Friday. The company has a debt-to-equity ratio of 10.58, a quick ratio of 1.22 and a current ratio of 1.22. Forward Air has a 52 week low of $9.50 and a 52 week high of $32.47. The stock has a 50 day moving average price of $19.70 and a two-hundred day moving average price of $22.95. The stock has a market capitalization of $320.28 million, a PE ratio of -3.37 and a beta of 1.59.

Forward Air (NASDAQ:FWRD) last issued its earnings results on Thursday, May 7th. The transportation company reported ($1.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.74). Forward Air had a negative return on equity of 37.50% and a negative net margin of 3.71%.The firm had revenue of $582.05 million for the quarter, compared to analyst estimates of $620.23 million. During the same period in the previous year, the company earned ($1.68) earnings per share. Forward Air’s revenue for the quarter was down 5.1% compared to the same quarter last year. As a group, equities analysts anticipate that Forward Air will post -0.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Forward Air

Hedge funds have recently bought and sold shares of the stock. Garton & Associates Financial Advisors LLC bought a new position in shares of Forward Air in the 4th quarter worth $36,000. Tower Research Capital LLC TRC lifted its holdings in shares of 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 purchased a new position in Forward Air in the fourth quarter worth $74,000. AlphaQuest LLC grew its position in Forward Air by 541.5% in the third quarter. AlphaQuest LLC now owns 3,015 shares of the transportation company’s stock worth $77,000 after acquiring an additional 2,545 shares in the last quarter. Finally, Lazard Asset Management LLC bought a new position in Forward Air in the second quarter valued at $107,000. 97.03% of the stock is currently owned by institutional investors.

More Forward Air News

Here are the key news stories impacting Forward Air this week:

• Positive Sentiment: Susquehanna kept a positive view on Forward Air (FWRD), even while cutting its price target from $42 to $18, which suggests some analysts still see recovery potential from current levels.
• Neutral Sentiment: Investors are reviewing the company’s Q1 2026 earnings transcript and conference call materials for more detail on management’s outlook and any turnaround plans. Forward Air (FWRD) Q1 2026 Earnings Transcript
• Neutral Sentiment: A shareholder investigation by Johnson Fistel into possible securities-law claims may add legal overhang, but its immediate stock impact is still uncertain. Forward Air Corporation Shareholders Are Encouraged to Reach Out to Johnson Fistel for More Information About Potentially Recovering Their Losses
• Negative Sentiment: Forward Air (FWRD) posted a much larger-than-expected Q1 loss and missed revenue estimates, reinforcing concerns that profitability remains under pressure. Forward Air (FWRD) Reports Q1 Loss, Misses Revenue Estimates
• Negative Sentiment: The biggest driver for the selloff appears to be management’s disclosure of a potential major customer loss, which raised fears about future revenue and margins. Forward Air flags customer loss, stock plummets

About Forward Air

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.