Forward Air Corporation (FWRD)

Currency in USD
22.18
+1.31(+6.28%)
Closed·
22.180.00(0.00%)
·
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Fair Value
Day's Range
21.1922.50
52 wk Range
13.6132.47
Key Statistics
Prev. Close
20.87
Open
21.29
Day's Range
21.19-22.5
52 wk Range
13.61-32.47
Volume
876.41K
Average Volume (3m)
671.99K
1-Year Change
41.7147%
Book Value / Share
3.63
Fair Value
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Fair Value Upside
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FWRD Scorecardpro icon
Company’s Health
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Fair Value
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Fair Price
Upside
Price Target
35.00
Upside
+57.80%
Members' Sentiments
Bearish
Bullish
ProTips
Analysts do not anticipate the company will be profitable this year

Forward Air Corporation News & Analysis

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Technical Analysis

Summary
Strong Sell
Sell
Neutral
Buy
Strong Buy
Strong Buy
Technical Indicators
Strong Buy
Moving Averages
Strong Buy

Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United States, Mexico, Europe, Asia, and Canada. The company operates through three segments: Expedited Freight, Omni Logistics, and Intermodal. Its 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. This segment offers expedited truckload brokerage, dedicated fleet, and high security and temperature-controlled logistics services. The Omni Logistics segment offers full suite of global logistics services, such as air and ocean freight consolidation and forwarding, customs brokerage, warehousing and distribution, value-added services, time-definite transportation services, and other supply chain solutions. Its Intermodal segment provides intermodal container drayage services; and contract and container freight station warehouse and handling services. The company serves freight forwarders, third-party logistics companies, integrated air cargo carriers and passenger, passenger and cargo airlines, steamship lines, and retailers. Forward Air Corporation was incorporated in 1981 and is headquartered in Dallas, Texas.

Forward Air Corporation Earnings Call Summary for Q4/2025

  • Adjusted EBITDA rose 15.8% YoY to $293M in 2025; consolidated EBITDA reached $77M in Q4, up 6.9% YoY despite freight market headwinds
  • Operating cash flow improved significantly to $44M generated vs. $69M consumed in 2024; liquidity fell $120M due to debt reduction priorities
  • One Ground Network integration progressing successfully; company expanding Latin America operations to enhance efficiency amid market challenges
  • Intermodal segment struggled with 30% Q4 EBITDA decline due to weak port activity and trade softness; volume declines expected to moderate in 2026
  • Management cautiously optimistic despite freight recession; focusing on One ERP and HRIS consolidation to improve operational decision-making capabilities
Last Updated: 2026-02-23, 05:28 p/m
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Compare FWRD to Peers and Sector

Metrics to compare
FWRD
Peers
Sector
Relationship
P/E Ratio
−6.5x34.8x12.8x
PEG Ratio
−0.07−1.390.03
Price/Book
6.2x2.5x1.4x
Price / LTM Sales
0.3x0.9x1.3x
Upside (Analyst Target)
48.8%−2.7%18.1%
Fair Value Upside
Unlock−1.5%4.6%Unlock

Analyst Ratings

3 Buy
3 Hold
0 Sell
Ratings:
6 analysts
Overall Consensus
Buy

Analysts 12-Month Price Target:

Average 35.00
(+57.80% Upside)
Firm
ArticlePositionPrice TargetUpside / DownsideFrom Price TargetActionDate
Stifel
Buy30.00+35.26%31.00MaintainApr 15, 2026
Stifel
Buy31.00+39.77%-MaintainMar 11, 2026
Susquehanna
Buy42.00+89.36%45.00MaintainFeb 24, 2026
Stifel
Buy32.00+44.27%30.00MaintainJan 21, 2026
Susquehanna
Buy45.00+102.89%42.00MaintainJan 05, 2026

Earnings

Latest Release
Feb 23, 2026
EPS / Forecast
-0.91 / -0.06
Revenue / Forecast
631.23M / 670.78M
EPS Revisions
Last 90 days

FWRD Income Statement

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FAQ

What Is the Forward Air (FWRD) Stock Price Today?

The Forward Air stock price today is 22.18 USD.

What Stock Exchange Does Forward Air Trade On?

Forward Air is listed and trades on the Nasdaq Stock Exchange.

What Is the Stock Symbol for Forward Air?

The stock symbol for Forward Air is "FWRD."

What Is the Forward Air Market Cap?

As of today, Forward Air market cap is 699.87M USD.

What Is Forward Air's Earnings Per Share (TTM)?

The Forward Air EPS (TTM) is -3.51.

From a Technical Analysis Perspective, Is FWRD a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Buy.

How Many Times Has Forward Air Stock Split?

Forward Air has split 3 times.

How Many Employees Does Forward Air Have?

Forward Air has 6209 employees.

What is the current trading status of Forward Air (FWRD)?

As of Apr 18, 2026, Forward Air (FWRD) is trading at a price of 22.18 USD, with a previous close of 20.87 USD. The stock has fluctuated within a day range of 21.19 USD to 22.50 USD, while its 52-week range spans from 13.61 USD to 32.47 USD.

What Is Forward Air (FWRD) Price Target According to Analysts?

The average 12-month price target for Forward Air is 35.00 USD, with a high estimate of 42 USD and a low estimate of 30 USD. 3 analysts recommend buying the stock, while 0 suggest selling, leading to an overall rating of Buy. The stock has an +57.80% Upside potential.

What Is the FWRD Premarket Price?

FWRD's last pre-market stock price is 21.07 USD. The pre-market share volume is 5,760.00, and the stock has decreased by 0.20, or 0.96%.
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