Forward Air Corporation (FWRD): Price and Financial Metrics


Forward Air Corporation (FWRD)

Today's Latest Price: $81.00 USD

0.60 (-0.74%)

Updated Jan 21 10:29am

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Overall POWR Rating


POWR Components:

 Trade Grade  Buy & Hold Grade  Peer Grade  Industry Rank


Industry Rank:

Ranked of 16 in Air Freight & Shipping Services

See all "A" rated Strong Buy stocks

FWRD Stock Summary

  • The capital turnover (annual revenue relative to shareholder's equity) for FWRD is 2.42 -- better than 78.53% of US stocks.
  • Forward Air Corp's stock had its IPO on November 16, 1993, making it an older stock than 76.21% of US equities in our set.
  • With a price/earnings ratio of 42.88, Forward Air Corp P/E ratio is greater than that of about 73.58% of stocks in our set with positive earnings.
  • If you're looking for stocks that are quantitatively similar to Forward Air Corp, a group of peers worth examining would be NHC, MRTN, WERN, ESE, and ATRO.
  • FWRD's SEC filings can be seen here. And to visit Forward Air Corp's official web site, go to www.forwardair.com.

FWRD Stock Price Chart Interactive Chart >

Price chart for FWRD

FWRD Price/Volume Stats

Current price $81.00 52-week high $82.32
Prev. close $81.60 52-week low $39.59
Day low $80.57 Volume 9,295
Day high $81.91 Avg. volume 112,737
50-day MA $75.78 Dividend yield 1.03%
200-day MA $59.42 Market Cap 2.23B

Forward Air Corporation (FWRD) Company Bio


Forward Air Corporation provides surface transportation and related logistics services. The company operates in three segments: Forward Air (Forward Air); Forward Air Solutions (FASI); and Total Quality (TQI). The company was founded in 1981 and is based in Greeneville, Tennessee.

FWRD Price Forecast Based on DCF Valuation

Current PriceDCF Fair Value Target: Forecasted Gain:
$81.00$44.36 -46%

The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Forward Air Corp. To summarize, we found that Forward Air Corp ranked in the 37th percentile in terms of potential gain offered. We should note, though, that all scenearios modelled for this stock suggest it is overvalued. As for the metrics that stood out in our discounted cash flow analysis of Forward Air Corp, consider:

  • FWRD's estimated cost of debt, based largely on its market capitalization and its interest coverage ratio, is 3%; for context, that number is higher than 34.34% of tickers in our DCF set.
  • Forward Air Corp's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at 18.21. This coverage rate is greater than that of 85.1% of stocks we're observing for the purpose of forecasting via discounted cash flows.
  • Relative to other stocks in its sector (Industrials), Forward Air Corp has a reliance on debt greater than only 21.87% of them.


Terminal Growth Rate in Free Cash FlowReturn Relative to Current Share Price
0%-47%
1%-46%
2%-46%
3%-45%
4%-45%
5%-44%

For other companies in the Industrials that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as FWRD, try XYL, BMI, NAT, NDSN, and SCTY.


FWRD Latest News Stream


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Latest FWRD News From Around the Web

Below are the latest news stories about Forward Air Corp that investors may wish to consider to help them evaluate FWRD as an investment opportunity.

Ransomware Attack Hits Short Line Rail Operator OmniTRAX

Colorado-based short line rail operator and logistics provider OmniTRAX was hit by a recent ransomware attack and data theft that targeted its corporate parent, Broe Group.OmniTRAX confirmed to FreightWaves that the cyberattack had occurred after the Conti ransomware gang posted stolen data from a leak site. The company, however, provided no details about the incident and whether it impacted any operations."We are fully aware of the situation, but company policy requires we do not comment on security protocols," John Spiegleman, OmniTRAX's chief legal officer and general counsel, said in a statement. "OmniTRAX continues to operate, business as usual."OmniTRAX, headquartered in Denver, operates 21 short line railroads in the U.S. and one in Canada. While there was no indication of operat...

Yahoo | January 11, 2021

$90M Activist Investment Seeks Changes At Forward Air

A group of investors is looking to shake things up at expedited trucking company Forward Air (NASDAQ: FWRD ), according to filings with the U.S. Securities and Exchange Commission. Cleveland-based Ancora Advisors has taken on an activist role alongside former Forward founder Scott Niswonger and former CFO Andy Clarke. The group seeks to "enhance shareholder value" through a variety of measures including changes to the management team and board as well as capital allocation strategy. The documents also signaled the potential divestiture of "non-core assets." The filings show that the investment group began acquiring shares in the Greeneville, Tennessee-based company at the end of October and now holds a 5.3% stake, $89.5 million, in Forward's 27.5 million outstanding shares, which repres...

Benzinga | January 4, 2021

Forward Air Postmortem: CEO Says An Experienced Team Can Help An Organization Get Through A Cyberattack

Several weeks before it got hit by a ransomware attack, Forward Air (NASDAQ: FWRD ) did a "comprehensive roleplay" to prepare for a company disaster. The event they were preparing for? A ransomware attack. "Just six to eight weeks ago, we did a comprehensive roleplay that was customer facing on the assumption of if we go dark, what do we do?" Forward Air chairman and CEO Thomas Schmitt said in an interview with FreightWaves to discuss the company's recent cyberattack. "We hack ourselves all the time," Schmitt said. "When we find a hole, we plug the hole." Forward Air was first hit with the cyberattack on December 15. By December 23, operations were coming back online. In a December 21 8-K filing with the Securities and Exchange Commission , Forward Air said it planned to be back online ...

Benzinga | January 4, 2021

Enzo Biochem, Leaf Group See Activist Action

Harbert Management disclosed a large stake in Enzo Biochem. Viex Capital now owns a significant investment in social-media firm Leaf Group.

Yahoo | January 1, 2021

5 Defining Cyberattacks On Trucking And Logistics In 2020

Hackers hit the transportation and logistics industry hard in 2020. Many of the cyberattacks involved ransomware — essentially a vehicle for extortion.Ransomware attacks aim to cause as much operational disruption as possible by encrypting data. Hackers then demand victims pay to restore access. Increasingly, so-called double extortion ransomware attacks are leveraging data theft and the threat of public release — or sale — of the data.Ransoms can run in the millions of dollars. The attacks often never become public, particularly when companies opt to pay. Frequently, companies that heed law enforcement advice and refuse to pay are left dealing with the fallout of extensive disclosures of data.FreightWaves reported on an array of ransomware and other cyberattacks during the year. They i...

Yahoo | December 28, 2020

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FWRD Price Returns

1-mo 6.87%
3-mo 29.32%
6-mo 59.14%
1-year 17.62%
3-year 34.73%
5-year 107.09%
YTD 5.41%
2020 11.27%
2019 29.00%
2018 -3.49%
2017 22.67%
2016 11.41%

FWRD Dividends

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