Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Forward Air Corp (NASDAQ: FWRD) improved during the last several trading days. FWRD’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
On 5/10/24, Forward Air Corp (NASDAQ: FWRD) stock suffered a large decline of -7.9%, closing at $15.44. Moreover, this decline was accompanied by exceptionally high trading volume at 206% of normal. Relative to the market the stock has been extremely weak over the last nine months and has declined -26.9% during the last week.
Current PriceTarget Research Rating
FWRD’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Forward Air has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Forward Air has a very high Appreciation Score of 91 but a very low Power Rating of 0, triggering the Low Neutral Value Trend Rating.
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