Susquehanna Lowers Forward Air (NASDAQ:FWRD) Price Target to $32.00

Forward Air (NASDAQ:FWRD - Free Report) had its price objective trimmed by Susquehanna from $35.00 to $32.00 in a research report released on Monday morning,Benzinga reports. The firm currently has a positive rating on the transportation company's stock.

Several other research analysts also recently weighed in on FWRD. Benchmark restated a "hold" rating on shares of Forward Air in a research report on Tuesday, January 7th. Stifel Nicolaus increased their target price on Forward Air from $34.00 to $36.00 and gave the company a "hold" rating in a report on Thursday, January 23rd. Finally, Robert W. Baird lowered their price target on Forward Air from $32.00 to $28.00 and set a "neutral" rating on the stock in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $35.75.

Forward Air Price Performance

NASDAQ:FWRD traded down $2.09 during trading hours on Monday, reaching $12.86. 1,039,948 shares of the company were exchanged, compared to its average volume of 865,101. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 5.07. The firm has a market cap of $390.98 million, a PE ratio of -0.54 and a beta of 1.11. Forward Air has a twelve month low of $11.21 and a twelve month high of $40.92. The stock's 50-day moving average is $25.51 and its 200-day moving average is $31.49.

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Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Sterling Capital Management LLC boosted its position in shares of Forward Air by 812.5% during the 4th quarter. Sterling Capital Management LLC now owns 803 shares of the transportation company's stock valued at $26,000 after acquiring an additional 715 shares during the last quarter. Byrne Asset Management LLC increased its holdings in Forward Air by 122.9% during the 4th quarter. Byrne Asset Management LLC now owns 1,070 shares of the transportation company's stock worth $35,000 after purchasing an additional 590 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of Forward Air during the fourth quarter worth approximately $72,000. AlphaQuest LLC increased its position in shares of Forward Air by 155.9% in the 4th quarter. AlphaQuest LLC now owns 2,925 shares of the transportation company's stock valued at $94,000 after purchasing an additional 1,782 shares during the last quarter. Finally, Aquatic Capital Management LLC acquired a new stake in Forward Air in the fourth quarter valued at $138,000. 97.03% of the stock is owned by hedge funds and other institutional investors.

Forward Air Company Profile

Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United States and Canada. It operates in two segments, Expedited Freight and Intermodal. The Expedited Freight segment provides expedited regional, inter-regional, and national less-than-truckload services; local pick-up and delivery services; and other services, which include shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling.