Forward Air Corp (NASDAQ: FWRD) stock suffered a major decline of -10.2% on 4/17/24. The shares closed at $22.65. Trading volume in this decline was normal. The stock has been extremely weak relative to the market over the last nine months and has declined -24.5% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, FWRD is expected to continue to be a modest Value Builder.
Forward Air has a current Value Trend Rating of D (Negative). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Forward Air has a good Appreciation Score of 77 but a very low Power Rating of 0, triggering the Negative Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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