News headlines about Forward Air (NASDAQ:FWRD) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Forward Air earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news headlines about the transportation company an impact score of 46.7194772982994 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
FWRD has been the topic of a number of recent research reports. Zacks Investment Research cut Forward Air from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. BidaskClub cut Forward Air from a “hold” rating to a “sell” rating in a research note on Saturday, January 6th. Robert W. Baird upgraded Forward Air from a “neutral” rating to an “outperform” rating in a research note on Thursday, January 18th. Finally, Stephens set a $74.00 target price on Forward Air and gave the company a “buy” rating in a research note on Friday, February 9th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $61.40.
FWRD traded down $0.65 during trading on Friday, reaching $53.36. The company had a trading volume of 269,023 shares, compared to its average volume of 242,920. The stock has a market capitalization of $1,582.04, a P/E ratio of 22.79 and a beta of 1.25. Forward Air has a 12-month low of $46.35 and a 12-month high of $64.80. The company has a current ratio of 2.71, a quick ratio of 2.68 and a debt-to-equity ratio of 0.08.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 23rd. Shareholders of record on Thursday, March 8th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, March 7th. This represents a $0.60 annualized dividend and a yield of 1.12%. Forward Air’s dividend payout ratio (DPR) is presently 25.42%.
In other Forward Air news, Director George M. Lynch sold 2,443 shares of Forward Air stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $55.47, for a total transaction of $135,513.21. Following the transaction, the director now owns 9,940 shares of the company’s stock, valued at approximately $551,371.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.40% of the company’s stock.
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Forward Air Company Profile
Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United State and Canada. The company operates through four segments: Expedited Less-than-truckload (LTL), Truckload Premium Services (TLS), Intermodal, and Pool Distribution (Pool).
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