Stock Rating Downgrade
The Value Trend Rating for Forward Air Corp (NASDAQ: FWRD) weakened in recent days from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
On 6/7/24, Forward Air Corp (NASDAQ: FWRD) stock enjoyed a very large increase of 6.8%, closing at $20.67. Trading volume in this advance was normal. The stock has been extremely weak relative to the market over the last nine months but has risen 23.5% 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 D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Forward Air has a good Appreciation Score of 82 but a very low Power Rating of 0, and the Negative Value Trend Rating results.
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