Forward Air Corp (NASDAQ: FWRD) stock enjoyed a major increase of 21.7% on 5/28/24. The shares closed at $15.00. Moreover, trading volume in this advance was above average at 143% of normal. The stock has been extremely weak relative to the market over the last nine months but has risen 5.0% 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 rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Forward Air has a very high Appreciation Score of 94 but a very low Power Rating of 0, resulting in the Low Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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