Raymond James Stick to Their Buy Rating for Forward Air Corp. By Investing.com

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Raymond James Stick to Their Buy Rating for Forward Air Corp.

Jul 13, 2021 08:25AM ET

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Raymond James analyst Patrick Brown maintained a Buy rating on Forward Air (NASDAQ:FWRD) Corp. on Tuesday, setting a price target of $125, which is approximately 40.40% above the present share price of $89.03.

Brown expects Forward Air Corp . to post earnings per share (EPS) of $0.40 for the third quarter of 2021.

The current consensus among 3 TipRanks analysts is for a Moderate Buy rating of shares in Forward Air, with an average price target of $103.33.
The analysts price targets range from a high of $125 to a low of $85.

In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $362.2 million and a net profit of $22.72 million. The company's market cap is $2.43 billion.

According to TipRanks.com, Raymond James analyst Patrick Brown is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 21.0% and a 79.78% success rate.

Forward Air Corp. engages in the provision of less-than-truckload (LTL), truckload, intermodal and pool distribution services. It operates through the following segments: Expedited LTL, Intermodal, and Pool (NASDAQ:POOL) Distribution. The Expedited LTL segment provides expedited regional, inter-regional and national LTL, final mile and truckload services. The Intermodal segment provides first and last-mile high value intermodal container drayage services to and from seaports and railheads. The Pool Distribution segment provides in handling and distribution of time sensitive product. The company was founded by Scott M. Niswonger on October 23, 1981 and is headquartered in Greeneville, TN.

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