Forward Air Stock (NASDAQ:FWRD), Trade Ideas

Forward Air

Forward Air Corp is an asset-light freight and logistics company. The company's operating segment includes Expedited Freight and Intermodal. The company generates maximum revenue from the Expedited Freight segment. The expedited Freight segment operates a comprehensive national network to provide expedited regional, inter-regional, and national LTL (less-than-truckload) services. It also offers customers local pick-up and delivery and other services including final mile, truckload, shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling. The Company conducts business in the United States, Canada, and Mexico.

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Shares of  The Travelers Companies, Inc. (NYSE: TRV) fell sharply during Wednesday’s session following first-quarter earnings.

Why Travelers Shares Are Trading Lower By Around 8%? Here Are Other Stocks Moving In Wednesday&#39;s Mid-Day Session

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Forward Air Corp

<p>Benchmark  analyst Christopher Kuhn   reiterates Forward Air (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FWRD#NASDAQ">FWRD</a>) with a Hold.</p>


Reiteration

Analyst Ratings

Benchmark Reiterates Hold on Forward Air

Management

Forward Air Names  Shawn Stewart As CEO And Director Of The Board, Effective April 28

<p>Shares of <strong> The Travelers Companies, Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/trv#NYSE">TRV</a>) fell sharply during Wednesday&rsquo;s session following first-quarter earnings.</p>
<p>Travelers reported a mixed first quarter, with earnings lagging analyst&#39; expectations. Core income per share reached $4.69 from $4.11 a year ago, missing the $4.90 consensus forecast. Net income per share rose to $4.80 from $4.13 a year earlier.</p>
<p>Travelers shares dipped 8.1% to $205.03 on Wednesday.</p>
<p>Here are some other stocks moving in today&#39;s mid-day session.</p>
<h3><strong>Gainers</strong></h3>
<ul>
<li><strong>INVO Bioscience, Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/invo#NASDAQ">INVO</a>) shares shot up 256% to $2.78 after the company reported a year-over-year increase in fourth-quarter revenue results and said it remains on track to reach its goal of reaching break-even or profitability within its current operations in 2024.</li>
<li><strong>Edible Garden AG Incorporated </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/edbl#NASDAQ">EDBL</a>) gained 112% to $9.73 after the company reported preliminary first quarter FY24 results.</li>
<li><strong>Sintx Technologies, Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sint#NASDAQ">SINT</a>) jumped 53% to $0.0350.</li>
<li><strong>VIA optronics AG</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/viao#NYSE">VIAO</a>) shares gained 50.4% to $0.3924 after dipping over 15% on Tuesday.</li>
<li><strong>AERWINS Technologies Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/awin#NASDAQ">AWIN</a>) jumped 42.2% to $4.70.</li>
<li><strong>The Children&#39;s Place, Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/plce#NASDAQ">PLCE</a>) climbed 35.5% to $9.64 after the company announced it entered into a new financing agreement with Mithaq Capital.</li>
<li><strong>Vanda Pharmaceuticals Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vnda#NASDAQ">VNDA</a>) gained 32% to $5.38 after the company announced that it submitted three proposals since February to acquire all of the outstanding shares of common stock of Vanda Pharmaceuticals and confirmed that its most recent proposal to acquire Vanda remains open for Vanda and its Board of Directors to consider.</li>
<li><strong>EZGO Technologies Ltd.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ezgo#NASDAQ">EZGO</a>) gained 28% to $2.20. EZGO entered into a strategic cooperation framework agreement with Woteam to jointly explore the Southeast Asian Market.</li>
<li><strong>CXApp Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cxai#NASDAQ">CXAI</a>) shares rose 25% to $4.89 after the company announced 24% ARR growth in 2023.</li>
<li><strong>TRACON Pharmaceuticals, Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tcon#NASDAQ">TCON</a>) rose 19.6% to $2.0461.</li>
<li><strong>WiSA Technologies, Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wisa#NASDAQ">WISA</a>) gained 19% to $7.32 on continued upward momentum after the company announced a 5-year WiSA E licensing agreement with an HDTV/PTV brand.</li>
<li><strong>Viracta Therapeutics, Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/virx#NASDAQ">VIRX</a>) climbed 19% to $0.8501. Oppenheimer analyst Hartaj Singh maintained Viracta Therapeutics with an Outperform and maintained a $13 price target.</li>
<li><strong>Spectaire Holdings Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/spec#NASDAQ">SPEC</a>) rose 17.5% to $0.94 after the company announced that it signed a distribution partnership agreement with a Fortune 1000 Energy Company.</li>
<li><strong>Rani Therapeutics Holdings, Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rani#NASDAQ">RANI</a>) jumped 14.4% to $7.86.</li>
<li><strong>Cullinan Therapeutics, Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cgem#NASDAQ">CGEM</a>) gained 14% to $19.75. HC Wainwright &amp; Co. analyst Edward White maintained Cullinan Oncology with a Buy and lowered the price target from $34 to $29.</li>
<li><strong>United Airlines Holdings, Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ual#NASDAQ">UAL</a>) rose 11.2% to $46.12 after the company reported better-than-expected first-quarter financial results.</li>
<li><strong>Chromocell Therapeutics Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/chro#NYSE">CHRO</a>) gained 11.8% to $2.0356 after falling around 7% on Tuesday.</li>
<li><strong>ALX Oncology Holdings Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/alxo#NASDAQ">ALXO</a>) rose 10.4% to $16.01.</li>
<li><strong>AMC Entertainment Holdings, Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/amc#NYSE">AMC</a>) gained 7.5% to $2.9250, bouncing back from the selling pressure the stock has faced in recent week.</li>
<li><strong>Interactive Brokers Group, Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ibkr#NASDAQ">IBKR</a>) rose 5.2% to $112.93 following upbeat quarterly earnings.</li>
</ul>
<h3><strong>Losers</strong></h3>
<ul>
<li><strong>ICZOOM Group Inc. </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/izm#NASDAQ">IZM</a>) shares dipped 87.8% to $6.19.</li>
<li><strong>Sunshine Biopharma, Inc. </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sbfm#NASDAQ">SBFM</a>) fell 47% to $3.5879.</li>
<li><strong>Trio Petroleum Corp.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tpet#NYSE">TPET</a>) fell 35.8% to $0.3144 after dipping over 22% on Tuesday.</li>
<li><strong>Longeveron Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lgvn#NASDAQ">LGVN</a>) dipped 31% to $2.43 after the company announced the exercise of warrants for $6.2 million in gross proceeds.</li>
<li><strong>iSun, Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/isun#NASDAQ">ISUN</a>) declined 27% to $0.1556.</li>
<li><strong>China SXT Pharmaceuticals, Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sxtc#NASDAQ">SXTC</a>) fell 25.7% to $1.2001. China SXT Pharmaceuticals shares jumped 38% on Tuesday following a post on X from trader Zack Morris mentioning the stock.</li>
<li><strong>Portage Biotech Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/prtg#NASDAQ">PRTG</a>) fell 25.3% to $0.21. The company recently announced that it is expanding its evaluation of strategic alternatives and implementing additional measures to extend its available cash runway.</li>
<li><strong>Trilogy Metals Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tmq#NYSE">TMQ</a>) shares fell 23.2% to $0.3865.</li>
<li><strong>HUB Cyber Security Ltd.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hubc#NASDAQ">HUBC</a>) dipped 22.6% to $1.44.</li>
<li><strong>Destiny Tech100 Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dxyz#NASDAQ">DXYZ</a>) fell 22% to $33.83 after gaining around 18% on Tuesday.</li>
<li><strong>Finch Therapeutics Group, Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fnch#NASDAQ">FNCH</a>) dipped 21.9% to $2.42.</li>
<li><strong>Sage Therapeutics, Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sage#NASDAQ">SAGE</a>) shares fell 20.8% to $12.37. The company announced topline results from Phase 2 PRECEDENT study of dalzanemdor for the treatment of people with mild cognitive impairment in Parkinson&#39;s Disease.</li>
<li><strong>Ontrak, Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/otrk#NASDAQ">OTRK</a>) fell 20.3% to $0.3666 after the company reported worse-than-expected quarterly financial results.</li>
<li><strong>SolarMax Technology, Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/smxt#NASDAQ">SMXT</a>) dipped 20% to $9.72 following fiscal year 2023 results.</li>
<li><strong>Dragonfly Energy Holdings Corp.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dfli#NASDAQ">DFLI</a>) declined 15.8% to $0.5199. Dragonfly Energy shares jumped over 36% on Tuesday after the company reported better-than-expected fourth-quarter EPS results.</li>
<li><strong>Montrose Environmental Group, Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/meg#NYSE">MEG</a>) fell 13.3% to $36.37 after announcing a public offering of 3 million shares.</li>
<li><strong>Dynatronics Corporation</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dynt#NASDAQ">DYNT</a>) fell 12.2% to $0.50 after gaining around 48% on Tuesday.</li>
<li><strong>VinFast Auto Ltd.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vfs#NASDAQ">VFS</a>) fell 12% to $2.70 following first-quarter earnings.</li>
<li><strong>Adaptive Biotechnologies Corporation</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/adpt#NASDAQ">ADPT</a>) declined 9.3% to $2.4950.</li>
<li><strong>SNDL Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sndl#NASDAQ">SNDL</a>) fell 9.3% to $1.7950.</li>
<li><strong>Arm Holdings plc</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/arm#NASDAQ">ARM</a>) fell 9.3% to $110.65.</li>
<li><strong>J B Hunt Transport Services Inc</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jbht#NASDAQ">JBHT</a>) shares fell 9.2% to $166.25 after the company missed first-quarter revenue and EPS estimates.</li>
<li><strong>MicroStrategy Incorporated</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mstr#NASDAQ">MSTR</a>) dipped 8.8% to $1,143.81. MicroStrategy is expected to report its financial results for the first quarter of 2024 after the closing bell on April 29, 2024.</li>
<li><strong>Forward Air Corporation</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fwrd#NASDAQ">FWRD</a>) fell 8.3% to $23.13.</li>
<li><strong>Autodesk, Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/adsk#NASDAQ">ADSK</a>) fell 7.1% to $211.97 after the company announced that it will not file its Annual Report on Form 10-K for the year ended Jan. 31, 2024 within the 15-day extension period. The company provided an update on the previously reported internal investigation that is currently being conducted by the Audit Committee.</li>
<li><strong>ASML Holding N.V. </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/asml#NASDAQ">ASML</a>) shares declined 7.2% to $907.11 after the company reported worse-than-expected first-quarter results and issued second-quarter guidance.</li>
</ul>
<p>&nbsp;</p>
<p>Now Read This: <a href="https://www.benzinga.com/news/earnings/24/04/38293462/discover-financial-gears-up-for-q1-print-these-most-accurate-analysts-revise-forecasts-ahead-of-ear"><em> Discover Financial Gears Up For Q1 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call</em></a></p>


Why Travelers Shares Are Trading Lower By Around 8%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session

<p>Ratings for Forward Air (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FWRD#NASDAQ">FWRD</a>) were provided by 4 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.</p>
<p>The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Insights from analysts' 12-month price targets are revealed, presenting an average target of $56.25, a high estimate of $80.00, and a low estimate of $40.00. Experiencing a 20.02% decline, the current average is now lower than the previous average price target of $70.33. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1712163691_0.png" alt="price target chart" /></p>
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
<p>A comprehensive examination of how financial experts perceive Forward Air is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Benjamin Hartford</td>
<td>Baird</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$40.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>J. Bruce Chan</td>
<td>Stifel</td>
<td>Lowers</td>
<td>Hold</td>
<td>$55.00</td>
<td>$80.00</td>
</tr>
<tr>
<td>J. Bruce Chan</td>
<td>Stifel</td>
<td>Lowers</td>
<td>Hold</td>
<td>$80.00</td>
<td>$81.00</td>
</tr>
<tr>
<td>Scott Group</td>
<td>Wolfe Research</td>
<td>Announces</td>
<td>Underperform</td>
<td>$50.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Forward Air. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Forward Air compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts provide insights into price targets, offering estimates for the future value of Forward Air's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
<p>Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Forward Air's market position. Stay informed and make well-informed decisions with our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/FWRD/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Forward Air analyst ratings.</strong></a></p>
<p>If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.</p>
<h2>Discovering Forward Air: A Closer Look</h2>
<p>Forward Air Corp is an asset-light freight and logistics company. The company's operating segment includes Expedited Freight and Intermodal. The company generates maximum revenue from the Expedited Freight segment. The expedited Freight segment operates a comprehensive national network to provide expedited regional, inter-regional, and national LTL (less-than-truckload) services. It also offers customers local pick-up and delivery and other services including final mile, truckload, shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling. The Company conducts business in the United States, Canada, and Mexico.</p>
<h3>Financial Insights: Forward Air</h3>
<p><strong>Market Capitalization Analysis:</strong> The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.</p>
<p><strong>Revenue Challenges:</strong> Forward Air's revenue growth over 3 months faced difficulties. As of 31 December, 2023, the company experienced a decline of approximately <strong>-31.69%</strong>. This indicates a decrease in top-line earnings. When compared to others in the Industrials sector, the company faces challenges, achieving a growth rate lower than the average among peers.</p>
<p><strong>Net Margin:</strong> Forward Air's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive <strong>79.07%</strong> net margin, the company effectively manages costs and achieves strong profitability.</p>
<p><strong>Return on Equity (ROE):</strong> Forward Air's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive <strong>14.16%</strong> ROE, the company effectively utilizes shareholder equity capital.</p>
<p><strong>Return on Assets (ROA):</strong> Forward Air's ROA excels beyond industry benchmarks, reaching <strong>4.86%</strong>. This signifies efficient management of assets and strong financial health.</p>
<p><strong>Debt Management:</strong> Forward Air's debt-to-equity ratio is notably higher than the industry average. With a ratio of <b>2.55</b>, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.</p>
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
<p>Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.</p>
<p>Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


The Analyst Landscape: 4 Takes On Forward Air

<p>The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.</p>
<p>The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi"> RSI is below 30</a>, according to <a href="https://pro.benzinga.com/"> Benzinga Pro</a>.</p>
<p>Here&rsquo;s the latest list of major oversold players in this sector, having an RSI near or below 30.</p>
<h3><strong>AAR Corp. </strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/air#NYSE">AIR</a>)</h3>
<ul>
<li>On March 21, AAR reported mixed third-quarter financial results. &quot;During the quarter, we drove 18% sales growth in our commercial business capitalizing on the continued strong demand for both our parts supply activities and MRO services. We expect commercial demand to remain elevated as the life and high utilization of current generation aircraft continue to extend,&quot; said John M. Holmes, Chairman, President and Chief Executive Officer of AAR CORP. The company&rsquo;s stock fell around 12% over the past month and has a <a href="https://www.benzinga.com/quote/AIR"><em>52-week low of $50.06 </em></a>.</li>
<li><strong>RSI Value:</strong> 29.97</li>
<li><strong>AIR Price Action: </strong> Shares of AAR fell 0.9% to close at $58.39 on Tuesday.</li>
</ul>
<h3><strong>Heartland Express, Inc. </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/htld#NASDAQ">HTLD</a>)</h3>
<ul>
<li>On April 1, Barclays analyst Brandon Oglenski maintained Heartland Express with an Underweight and lowered the price target from $12 to $11. The company&rsquo;s stock fell around 10% over the past month. It <a href="https://www.benzinga.com/quote/HTLD"><em> has a 52-week low </em></a> of $10.83.</li>
<li><strong>RSI Value:</strong> 29.17</li>
<li><strong>HTLD Price Action: </strong> Shares of Heartland Express dipped 2.1% to close at $11.06 on Tuesday.</li>
</ul>
<h3><strong>Asure Software, Inc. </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/asur#NASDAQ">ASUR</a>)</h3>
<ul>
<li>On Feb. 26, Asure Software posted upbeat quarterly earnings. &ldquo;We are excited to have delivered another strong performance from our Company for the full year 2023. Total revenue for the year was up 24% versus the prior year, excluding ERTC revenues were up 19%. Our recurring revenues increased 16% for the year versus the prior year, excluding ERTC recurring revenues were up 19%. Organic revenue growth in 2023 excluding ERTC was up 18% and we also saw strong gains in gross margins versus the same period a year ago which are the primary result of increased revenues and more efficient operations driven by the consolidation and standardization efforts across the Company,&rdquo; said Asure Chairman and CEO Pat Goepel. The company&rsquo;s stock fell around 21% over the past month and has a 52-week <a href="https://www.benzinga.com/quote/ASUR"><em> low of $6.30.</em></a></li>
<li><strong>RSI Value:</strong> 27.62</li>
<li><strong>ASUR Price Action: </strong> Shares of Asure Software fell 1.7% to close at $7.41 on Tuesday.</li>
</ul>
<h3><strong>Forward Air Corporation </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fwrd#NASDAQ">FWRD</a>)</h3>
<ul>
<li>On Feb. 28, Forward Air posted weaker-than-expected quarterly results. The company&rsquo;s shares lost around 7% over the past five days. The company&rsquo;s 52-week low is $26.35.</li>
<li><strong>RSI Value:</strong> 28.80</li>
<li><strong>FWRD Price Action: </strong> Shares of Forward Air fell 5.2% to close at $27.42 on Tuesday.</li>
</ul>
<h3><strong>Greenland Technologies Holding Corporation </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gtec#NASDAQ">GTEC</a>)</h3>
<ul>
<li>On April 2, Greenland Technologies announced a further expansion of Greenland&#39;s fast growing HEVI Authorized Service Provider national network program to North Carolina, with the addition of Truck and Auto Repair. The company&rsquo;s shares fell around 21% over the past five days. The company <a href="https://www.benzinga.com/quote/GTEC"><em> has a 52-week low </em></a> of $1.13.</li>
<li><strong>RSI Value:</strong> 25.72</li>
<li><strong>GTEC Price Action: </strong> Shares of Greenland Technologies fell 6.5% to close at $1.88 on Tuesday.</li>
</ul>
<p>&nbsp;</p>
<p>Read More: <a href="https://www.benzinga.com/news/earnings/24/04/38062497/acuity-brands-cal-maine-foods-and-3-stocks-to-watch-heading-into-wednesday"><em> Acuity Brands, Cal-Maine Foods And 3 Stocks To Watch Heading Into Wednesday </em></a></p>


<p>Providing a diverse range of perspectives from bullish to bearish, 4 analysts have published ratings on Forward Air (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FWRD#NASDAQ">FWRD</a>) in the last three months.</p>
<p>The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $56.25, a high estimate of $80.00, and a low estimate of $40.00. Observing a downward trend, the current average is 20.02% lower than the prior average price target of $70.33. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1709316083_0.png" alt="price target chart" /></p>
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
<p>In examining recent analyst actions, we gain insights into how financial experts perceive Forward Air. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Benjamin Hartford</td>
<td>Baird</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$40.00</td>
<td>$50.00</td>
</tr>
<tr>
<td>J. Bruce Chan</td>
<td>Stifel</td>
<td>Lowers</td>
<td>Hold</td>
<td>$55.00</td>
<td>$80.00</td>
</tr>
<tr>
<td>J. Bruce Chan</td>
<td>Stifel</td>
<td>Lowers</td>
<td>Hold</td>
<td>$80.00</td>
<td>$81.00</td>
</tr>
<tr>
<td>Scott Group</td>
<td>Wolfe Research</td>
<td>Announces</td>
<td>Underperform</td>
<td>$50.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Forward Air. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Forward Air compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts provide insights into price targets, offering estimates for the future value of Forward Air's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
<p>For valuable insights into Forward Air's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/FWRD/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Forward Air analyst ratings.</strong></a></p>
<p>If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.</p>
<h2>Unveiling the Story Behind Forward Air</h2>
<p>Forward Air Corp is an asset-light freight and logistics company. The company's operating segment includes Expedited Freight and Intermodal. It generates maximum revenue from the Expedited Freight segment. Expedited Freight segment operates a comprehensive national network to provide expedited regional, inter-regional and national LTL (less-than-truckload) services. It also offers customers local pick-up and delivery and other services including final mile, truckload, shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling.</p>
<h3>Forward Air's Economic Impact: An Analysis</h3>
<p><strong>Market Capitalization Analysis:</strong> Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.</p>
<p><strong>Decline in Revenue:</strong> Over the 3 months period, Forward Air faced challenges, resulting in a decline of approximately <strong>-18.94%</strong> in revenue growth as of 30 September, 2023. This signifies a reduction in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.</p>
<p><strong>Net Margin:</strong> The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of <strong>2.23%,</strong> the company showcases strong profitability and effective cost control.</p>
<p><strong>Return on Equity (ROE):</strong> The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of <strong>1.38%,</strong> the company showcases effective utilization of equity capital.</p>
<p><strong>Return on Assets (ROA):</strong> Forward Air's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive <strong>0.78%</strong> ROA, the company effectively utilizes its assets for optimal returns.</p>
<p><strong>Debt Management:</strong> With a below-average debt-to-equity ratio of <strong>0.45</strong>, Forward Air adopts a prudent financial strategy, indicating a balanced approach to debt management.</p>
<h2>What Are Analyst Ratings?</h2>
<p>Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.</p>
<p>Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


A Closer Look at 4 Analyst Recommendations For Forward Air

<p>Baird  analyst Benjamin Hartford   maintains Forward Air (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FWRD#NASDAQ">FWRD</a>) with a Neutral and lowers the price target from $50 to $40.</p>


Price Target

Baird Maintains Neutral on Forward Air, Lowers Price Target to $40

<h3>Gainers</h3>
<ul>
<li><strong>Agrify</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGFY#NASDAQ">AGFY</a>) shares increased by 28.5% to $0.62 during Thursday's pre-market session. The company's market cap stands at $4.3 million. </li>
<li><strong>Sterling Check</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STER#NASDAQ">STER</a>) stock rose 25.12% to $15.54. The market value of their outstanding shares is at $1.4 billion. </li>
<li><strong>Nxu</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXU#NASDAQ">NXU</a>) stock rose 19.82% to $0.85. The market value of their outstanding shares is at $2.6 million. </li>
<li><strong>Sidus Space</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIDU#NASDAQ">SIDU</a>) shares increased by 19.21% to $6.64. The market value of their outstanding shares is at $18.5 million. </li>
<li><strong>Royalty Management Hldgs</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RMCO#NASDAQ">RMCO</a>) stock increased by 16.05% to $1.59. The company's market cap stands at $22.6 million. </li>
<li><strong>Ameresco</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMRC#NYSE">AMRC</a>) shares rose 13.15% to $23.05. The company's market cap stands at $1.2 billion. As per the press release, Q4 earnings came out yesterday. </li>
</ul>
<h3>Losers</h3>
<ul>
<li><strong>Xometry</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XMTR#NASDAQ">XMTR</a>) shares decreased by 17.6% to $24.79 during Thursday's pre-market session. The market value of their outstanding shares is at $1.1 billion. As per the press release, Q4 earnings came out today. </li>
<li><strong>Shoals Technologies Gr</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHLS#NASDAQ">SHLS</a>) shares fell 10.99% to $13.7. The market value of their outstanding shares is at $2.3 billion. The company's, Q4 earnings came out yesterday. </li>
<li><strong>Stem</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STEM#NYSE">STEM</a>) shares declined by 8.43% to $2.5. The company's market cap stands at $389.7 million. As per the news, the Q4 earnings report came out yesterday. </li>
<li><strong>First Advantage</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FA#NASDAQ">FA</a>) stock decreased by 6.99% to $15.66. The market value of their outstanding shares is at $2.2 billion. As per the news, the Q4 earnings report came out today. </li>
<li><strong>Energy Focus</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EFOI#NASDAQ">EFOI</a>) stock fell 5.64% to $2.01. The market value of their outstanding shares is at $8.7 million. </li>
<li><strong>Forward Air</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FWRD#NASDAQ">FWRD</a>) shares declined by 5.5% to $37.0. The market value of their outstanding shares is at $1.1 billion. The company's, Q4 earnings came out yesterday.<br />
<strong>See Also:</strong> <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


AGFY

AMRC

EFOI

RMCO

SHLS

SIDU

STEM

STER

XMTR

12 Industrials Stocks Moving In Thursday's Pre-Market Session

<p>Forward Air (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FWRD#NASDAQ">FWRD</a>) reported quarterly adjsuted earnings of $0.81 per share which missed the analyst consensus estimate of $0.98 by 17.35 percent. This is a 50.91 percent decrease over earnings of $1.65 per share from the same period last year. The company reported quarterly sales of $338.43 million which missed the analyst consensus estimate of $407.76 million by 17.00 percent. This is a 29.67 percent decrease over sales of $481.20 million the same period last year.</p>


Earnings

Reported Late Wednesday, Forward Air Q4 Adj. EPS $0.81 Misses $0.98 Estimate, Sales $338.43M Miss $407.76M Estimate

<h3>What Defines a Value Stock?</h3>
<p>A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. </p>
<h2>The following stocks are considered to be notable value stocks in the industrials sector:</h2>
<ol>
<li><strong>Forward Air</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FWRD#NASDAQ">FWRD</a>) - P/E: 9.83</li>
<li><strong>Eastman Kodak</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KODK#NYSE">KODK</a>) - P/E: 4.93</li>
<li><strong>Intuitive Machines</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNR#NASDAQ">LUNR</a>) - P/E: 1.85</li>
<li><strong>Titan Intl</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TWI#NYSE">TWI</a>) - P/E: 7.07</li>
<li><strong>Ardmore Shipping</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASC#NYSE">ASC</a>) - P/E: 4.84</li>
</ol>
<p>Most recently, Forward Air reported earnings per share at $0.99, whereas in Q2 earnings per share sat at $0.91. Its most recent dividend yield is at 1.29%, which has increased by 0.49% from 0.8% in the previous quarter.</p>
<p>Eastman Kodak saw a decrease in earnings per share from 0.32 in Q2 to $0.0 now. This quarter, Intuitive Machines experienced a decrease in earnings per share, which was $1.52 in Q2 and is now $1.29. Most recently, Titan Intl reported earnings per share at $0.29, whereas in Q2 earnings per share sat at $0.43. The company's most recent dividend yield sits at 1.04%, which has increased by 0.45% from 0.59% last quarter. </p>
<p>This quarter, Ardmore Shipping experienced a decrease in earnings per share, which was $0.57 in Q2 and is now $0.49. The company's most recent dividend yield sits at 4.7%, which has decreased by 0.7% from 5.4% last quarter. </p>
<p><strong>The Significance:</strong> A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.</p>


KODK

LUNR

5 Value Stocks In The Industrials Sector

<p>The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies.</p>
<p>The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi"> RSI is below 30</a>, according to <a href="https://pro.benzinga.com/"> Benzinga Pro</a>.</p>
<p>Here&rsquo;s the latest list of major oversold players in this sector, having an RSI near or below 30.</p>
<h3><strong>IBEX Limited </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ibex#NASDAQ">IBEX</a>)</h3>
<ul>
<li>On Feb. 8, IBEX reported worse-than-expected second-quarter financial results and issued FY24 revenue guidance below estimates. &ldquo;We delivered against a number of our key objectives in the second quarter, highlighted by the eight new client wins in the quarter, totaling twelve in the first half of the fiscal year versus seven in the prior year period,&rdquo; commented Bob Dechant, CEO of ibex. The company&rsquo;s stock fell around 11% over the past five days and has a <a href="https://www.benzinga.com/quote/IBEX"><em>52-week low of $11.45 </em></a>.</li>
<li><strong>RSI Value:</strong> 19.27</li>
<li><strong>IBEX Price Action: </strong> Shares of IBEX fell 9.2% to close at $15.79 on Friday.</li>
</ul>
<h3><strong>Forrester Research, Inc. </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/forr#NASDAQ">FORR</a>)</h3>
<ul>
<li>On Feb. 8, the company posted upbeat quarterly earnings. George F. Colony, Forrester&rsquo;s CEO and chairman, stated, &quot;2023 was a challenging year, with revenue down 11% and CV down by 4%. However, we made steady progress in 2023 on multiple fronts, including improving the Forrester Decisions platform, upskilling the sales organization, and readying our genAI tool, Izola, for general release. Furthermore, we achieved our goal of migrating two-thirds of our contract value into our new research platform, Forrester Decisions.&quot; The company&rsquo;s stock fell around 14% over the past five days. It <a href="https://www.benzinga.com/quote/FORR"><em> has a 52-week low </em></a> of $21.03.</li>
<li><strong>RSI Value:</strong> 19.77</li>
<li><strong>FORR Price Action: </strong> Shares of Forrester Research fell 7.4% to close at $21.44 on Friday.</li>
</ul>
<h3><strong>ESCO Technologies Inc. </strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ese#NYSE">ESE</a>)</h3>
<ul>
<li>On Feb. 8, ESCO Technologies posted downbeat quarterly results. Bryan Sayler, Chief Executive Officer and President, said, &ldquo;Our fiscal year got off to a great start in many ways, with orders being particularly strong. This was evidenced by a $65 million order for surface hull tiles for the Virginia Class Submarine program. In addition, it was another solid quarter in aerospace with strength in both commercial and defense OEM and aftermarket orders. The book-to-bill for the quarter was 1.35x and resulted in record backlog of almost $850 million.&rdquo; The company&rsquo;s stock fell around 6% over the past five days and has a 52-week <a href="https://www.benzinga.com/quote/ESE"><em> low of $85.50.</em></a></li>
<li><strong>RSI Value:</strong> 27.43</li>
<li><strong>ESE Price Action: </strong> Shares of ESCO Technologies fell 5.9% to close at $97.74 on Friday.</li>
</ul>
<h3><strong>Forward Air Corporation </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fwrd#NASDAQ">FWRD</a>)</h3>
<ul>
<li>On Feb. 7, Forward Air named Michael Hance as Interim CEO. The company&rsquo;s shares lost around 26% over the past month. The company&rsquo;s 52-week low is $41.35.</li>
<li><strong>RSI Value:</strong> 20.82</li>
<li><strong>FWRD Price Action: </strong> Shares of Forward Air fell 2.8% to close at $41.43 on Friday.</li>
</ul>
<h3><strong>C.H. Robinson Worldwide, Inc. </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chrw#NASDAQ">CHRW</a>)</h3>
<ul>
<li>On Jan. 31, C.H. Robinson Worldwide posted downbeat results for its fourth quarter. The company&rsquo;s shares fell around 14% over the past month. The company <a href="https://www.benzinga.com/quote/CHRW"><em> has a 52-week low </em></a> of $71.57.</li>
<li><strong>RSI Value:</strong> 28.02</li>
<li><strong>CHRW Price Action: </strong> Shares of C.H. Robinson rose 0.1% to close at $74.67 on Friday.</li>
</ul>
<p>&nbsp;</p>
<p>Read More: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/02/37032578/insiders-buying-monro-and-3-other-stocks"><em> Insiders Buying Monro And 3 Other Stocks </em></a></p>


Forward Air Appoints Michael Hance As Interim CEO; Chris Ruble Appointed President And COO; George Mayes Appointed Independent Chairman

<p>Forward Air Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FWRD#NASDAQ">FWRD</a>) ("Forward") today provided the following LTL Expedited Freight operating statistics for January 2024.</p>
<p>During this period, weight per shipment increased 9.8%, pounds per day also increased 9.2% compared to the same period last year.Finally, revenue per ton mile increased 1.9% over the same period last year, excluding fuel.</p>
<p>Tom Schmitt, Chairman and Chief Executive Officer of Forward, commented: "We continue to improve on the three metrics that matter most to us – increasing tonnage, refining freight quality and maximizing revenue per shipment. We have executed the first phase of the operational synergies ahead of schedule, folding Omni linehaul into the Forward Air network, which led to higher than 20 percent year over year pounds per day increase in the most recent week. We look forward to updating the market on a comprehensive plan and key milestones in the weeks ahead."</p>


Forward Air Provides Update On January 2024 Performance; Weight Per Shipment Increased 9.8%, Pounds Per Day Also Increased 9.2% YoY. Revenue Per Ton Mile Increased 1.9% YoY, Excluding Fuel

<p>Forward Air (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FWRD#NASDAQ">FWRD</a>) underwent analysis by 4 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.</p>
<p>The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>In the assessment of 12-month price targets, analysts unveil insights for Forward Air, presenting an average target of $65.0, a high estimate of $80.00, and a low estimate of $50.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 20.41%. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1705957219_0.png" alt="price target chart" /></p>
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
<p>A comprehensive examination of how financial experts perceive Forward Air is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>J. Bruce Chan</td>
<td>Stifel</td>
<td>Lowers</td>
<td>Hold</td>
<td>$55.00</td>
<td>$80.00</td>
</tr>
<tr>
<td>J. Bruce Chan</td>
<td>Stifel</td>
<td>Lowers</td>
<td>Hold</td>
<td>$80.00</td>
<td>$81.00</td>
</tr>
<tr>
<td>Scott Group</td>
<td>Wolfe Research</td>
<td>Announces</td>
<td>Underperform</td>
<td>$50.00</td>
<td>-</td>
</tr>
<tr>
<td>Bascome Majors</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Positive</td>
<td>$75.00</td>
<td>$84.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Forward Air. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Forward Air compared to the broader market.</li>
<li><strong>Price Targets:</strong> Delving into movements, analysts provide estimates for the future value of Forward Air's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
<p>Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Forward Air's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/FWRD/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Forward Air analyst ratings.</strong></a></p>
<p>If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.</p>
<h2>Unveiling the Story Behind Forward Air</h2>
<p>Forward Air Corp is an asset-light freight and logistics company. The company's operating segment includes Expedited Freight and Intermodal. It generates maximum revenue from the Expedited Freight segment. Expedited Freight segment operates a comprehensive national network to provide expedited regional, inter-regional and national LTL (less-than-truckload) services. It also offers customers local pick-up and delivery and other services including final mile, truckload, shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling.</p>
<h3>Unraveling the Financial Story of Forward Air</h3>
<p><strong>Market Capitalization Analysis:</strong> Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.</p>
<p><strong>Decline in Revenue:</strong> Over the 3 months period, Forward Air faced challenges, resulting in a decline of approximately <strong>-18.94%</strong> in revenue growth as of 30 September, 2023. This signifies a reduction in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.</p>
<p><strong>Net Margin:</strong> Forward Air's net margin excels beyond industry benchmarks, reaching <strong>2.23%</strong>. This signifies efficient cost management and strong financial health.</p>
<p><strong>Return on Equity (ROE):</strong> Forward Air's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive <strong>1.38%</strong> ROE, the company effectively utilizes shareholder equity capital.</p>
<p><strong>Return on Assets (ROA):</strong> The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of <strong>0.78%,</strong> the company showcases effective utilization of assets.</p>
<p><strong>Debt Management:</strong> Forward Air's debt-to-equity ratio is below the industry average. With a ratio of <b>0.45</b>, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.</p>
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
<p>Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.</p>
<p>Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Unveiling 4 Analyst Insights On Forward Air

<p>Stifel  analyst J. Bruce Chan   maintains Forward Air (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FWRD#NASDAQ">FWRD</a>) with a Hold and lowers the price target from $80 to $55.</p>


Stifel Maintains Hold on Forward Air, Lowers Price Target to $55

<p>Forward Air Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FWRD#NASDAQ">FWRD</a>) ("Forward") today announced an agreement with Omni Logistics, LLC ("Omni"), a private company that is majority owned by Ridgemont Equity Partners ("Ridgemont") and EVE Partners, LLC ("EVE"), to amend the terms of the existing merger agreement relating to their previously announced acquisition. This agreement ends the litigation between the parties, which will now be dismissed.</p>
<p>Under the terms of the amended merger agreement, Omni shareholders will receive $20 million in cash, instead of the $150 million initially agreed, and 35%1 of Forward's pro forma common equity (on a fully-diluted, as-converted basis), as compared to the 37.7% of Forward's pro forma common equity (on a fully-diluted, as-converted basis) contemplated by the original agreement.</p>
<p>"We have always believed in the power of this acquisition and are pleased to have found a way forward," said Tom Schmitt, Chairman, President and Chief Executive Officer of Forward. "In recent days, we have engaged constructively with Omni to set a path forward that ends our legal dispute."</p>
<p>Schmitt continued, "The revised agreement enables Forward to accelerate its long-term Grow Forward strategy and positions the combined company as the premier provider of choice in high-quality freight transportation. We believe this highly compelling acquisition will deliver significant long-term shareholder value and we look forward to swiftly closing the transaction so we can begin to capitalize on the many exciting opportunities ahead."</p>
<p>Forward and Omni's agreement resolves previously announced transaction litigation between them. The parties are targeting a transaction closing by the end of the week.</p>


Legal

Forward Air Amends Agreement To Acquire Omni Logistics; Omni Shareholders Will Receive $20M In Cash, Instead Of $150M Initially Agreed, And 35% Of Forward's Pro Forma Common Equity, As Compared To The 37.7% Contemplated By The Original Agreement

General

Forward Air shares are trading higher the company and Omni reportedly settled their case.

<p><a href="https://twitter.com/JohnHKingston/status/1749454068643148129?s=20">https://twitter.com/JohnHKingston/status/1749454068643148129?s=20</a></p>
<p>&nbsp;</p>


Editor At FreightWaves John Kingston Posts On X "SETTLED: $FWRD And Omni Have Settled Their Case. No Details Yet."

Forward Air Corporation (FWRD) Q4 2023 Earnings Call Transcript

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ClearBridge Small Cap Growth Strategy Q2 2024 Portfolio Manager Commentary

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>It&rsquo;s a great time to be looking at transportation stocks to buy. Thanks to the <a href="https://www.investopedia.com/terms/r/reshoring.asp">reshoring</a> boom, multinational companies are looking to relocate much of their supply chains and manufacturing capacity back to the United States and the North American free trade zone.</p>



<p>The pandemic, as well as ensuing logistical and supply chain disruptions, have made it clear that companies should position more of their manufacturing assets in North America. To that point, <a href="https://www.nytimes.com/2024/02/07/business/economy/united-states-china-mexico-trade.html">Mexico overtook China</a> as the United States&rsquo; largest trading partner in 2023.  </p>



<p>As that trend grows, it should create greater and greater opportunities for the transportation sector. These are three transportation stocks set to benefit from the reshoring trend.</p>



<h2>Union Pacific (UNP)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/unp1600-300x169.jpg" alt="United Pacific (UNP) switch on tracks near Kansas City."><div>Source: Michael Rosebrock / Shutterstock.com</div></div><p><strong>Union Pacific</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/unp-stock-quote/"><strong>UNP</strong></a></span>) is one of North America&rsquo;s class one railroads. It has dominant market share on many routes within the western part of the United States. </p>



<p>In addition, Union Pacific has been active in the Mexican market for more than <a href="https://www.up.com/aboutup/community/inside_track/union-pacific-de-mexico-it-220511.htm">30 years</a>, as it jumped onto that trend just prior to when the NAFTA free trade deal went into effect. Union Pacific also owns more than one-quarter of a leading Mexican railroad, <strong>Ferromex</strong>, giving it prime exposure to the growing made-in-Mexico movement.</p>



<p>Union Pacific shares have pulled back over the past month. Investors appear to be concerned about rising interest rates and the possibility of economic slowdown. Those are certainly valid worries.</p>



<p>However, with the stock at 21 forward earnings shares after the recent dip, UNP stock is now at a fair price for a tremendous business within the transportation stock sector.</p>



<h2>FedEx (FDX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/fdx1600-300x169.jpg" alt="A FedEx employee loads a FedEx Express truck in Manhattan."><div>Source: Antonio Gravante / Shutterstock.com</div></div><p><strong>FedEx</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/fdx-stock-quote/"><strong>FDX</strong></a></span>) is a large transportation and parcel delivery services company. It operates a massive fleet of trucks and airplanes for moving goods and shipments around the country and worldwide. </p>



<p>FedEx has been a significant beneficiary from the growth of e-commerce as people increasingly rely on last mile delivery services to get products to their house. This is a trend which has only accelerated since 2020 as the pandemic led to more online shopping.</p>



<p>There had been concerns that <strong>Amazon</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/amzn-stock-quote/"><strong>AMZN</strong></a></span>) would eat into the market share for FedEx and other parcel services. However, it seems that Amazon has dialed back its investments in logistics and <a href="https://www.fool.com/investing/2023/05/11/amazon-is-about-to-do-something-it-hasnt-since-201/">fulfillment assets</a>. This suggests that FedEx&rsquo;s core operational business retains a strong competitive position.</p>



<p>FedEx recently sold off after a weaker-than-expected <a href="https://investorplace.com/earning-results/2024/03/fdx-stock-earnings-fedex-for-q3-of-2024/">earnings report</a> where revenues missed expectations. As with Union Pacific, investors are selling FedEx on concerns around interest rates and a potential recession. However, this creates a great buy-the-dip opportunity in FDX stock.</p>



<h2>Forward Air (FWRD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/09/airline-stocks1600-1-300x169.png" alt="Aircraft parking at airport runway. Airline stocks"><div>Source: Sugrit Jiranarak / Shutterstock.com</div></div><p><strong>Forward Air</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/fwrd-stock-quote/"><strong>FWRD</strong></a></span>) is an air freight and logistics company. It operates in two segments: Expedited Freight and Intermodal, and provides services such as local pick-up and delivery, less-than-truckload services, intermodal container drayage services and other such items. Forward Air serves various clients such as cargo carriers, freight forwarders, third-party logistics firms, and retailers.</p>



<p>Forward Air has historically been successful; shares rose from around $5 at the turn of the century to more than $100 per share recently. </p>



<p>However, the company has fallen on hard times thanks to a controversial <a href="https://ir.forwardaircorp.com/news-events/press-releases/detail/367/forward-air-announces-closing-of-omni-logistics-transaction">merger</a> with Omni Logistics. Omni itself was a rollup of several smaller freight companies. Investors are understandably skeptical as to how quickly Forward Air will be able to consolidate Omni&rsquo;s various businesses. It can take a while to wring out the cost synergies and make a large merger like this successful.</p>



<p>That said, FRWD stock is down nearly 75% over the past year. It seems investors have panicked and assumed the worst with this Omni transaction despite the company&rsquo;s strong prior track record. Analysts expect Forward Air to return the strong profitability in 2025, which should set the stage for shares to lift off once again.</p>



<p><em>On the date of publication, Ian Bezek did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.</em></p>
<div><p>Ian Bezek has written more than 1,000 articles for InvestorPlace.com and Seeking Alpha. He also worked as a Junior Analyst for Kerrisdale Capital, a $300 million New York City-based hedge fund. You can reach him on Twitter at @irbezek.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/04/wall-street-favorites-3-transportation-stocks-with-strong-buy-ratings-for-april-2024/">Wall Street Favorites: 3 Transportation Stocks With Strong Buy Ratings for April 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

Wall Street Favorites: 3 Transportation Stocks With Strong Buy Ratings for April 2024

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Companies in the Industrial Goods sector have received a lot of coverage today as analysts weigh in on CSX (CSX – Research Report) and Forward Air ...

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AIRT

ALTM

ARCB

ARLTF

CASY

CMPO

CNMD

DUOL

EGLE

EVLV

FOXF

FREY

HUBG

IART

INSM

INTA

IRDM

LSTR

MEDP

NVDA

ODFL

OMCL

PAYX

RDNT

RVSN

SAIA

SMCI

SMHI

SNDR

SPTN

TFII

TREX

VKTX

WERN

WING

Press Releases

Forward Air to Close Acquisition of Omni Logistics

Forward Air Announces Closing of Omni Logistics Transaction

Forward Air Corporation Announces Timing of Fourth Quarter 2023 Earnings Release and Conference Call

Forward Air Provides Update on January 2024 Performance

Forward Air Announces Leadership Changes

Forward Air Corporation Changes Timing of Fourth Quarter 2023 Earnings Release to February 28

Forward Air Corporation Reports Fourth Quarter and Full Year 2023 Results

Ancora Nominates Four Highly Qualified, Independent Director Candidates and Urges Orderly CEO Succession at Elanco Animal Health

Forward Air Leaders Recognized for Outstanding Service

Forward Air Announces Leadership Transition

ELAN

IDXX

LITT

PACR

RVSB

TRUP

TSX:EFN

Air T

Air Transport Services Group, Inc - Common Stock

Air Transport Services Gr

Addentax Group

BEST Inc. American Depositary Shares, each representing twenty (20) Class A Ordinary Shares