FWRD Technical Analysis & Stock Price Forecast
This article provides a technical analysis and stock price forecast for Forward Air Corp (FWRD), indicating an overall "Sell" consensus based on various technical indicators. It details moving averages, momentum indicators like RSI and MACD, and identifies key support and resistance levels for the stock. The analysis highlights that FWRD is trading below its key long-term moving averages, suggesting a bearish trend.
Forward Air Corporation (NASDAQ:FWRD) Given Average Recommendation of "Hold" by Analysts
Analysts have given Forward Air Corporation (NASDAQ:FWRD) an average "Hold" rating, with a consensus one-year price target of $37.00, despite divergent individual ratings from "strong sell" to "positive." The company recently reported Q1 EPS of ($0.28), missing estimates, and had revenue of $631.2 million, which slightly beat expectations. Institutional investors hold a significant 97% of the stock, with several firms increasing their stakes.
[SCHEDULE 13G/A] FORWARD AIR CORP Amended Passive Investment Disclosure
The Vanguard Group has filed an amended Schedule 13G/A for Forward Air Corp, declaring zero beneficial ownership and 0% of the class. This change is attributed to an internal realignment within Vanguard on January 12, 2026, where certain subsidiaries now report their holdings separately. The amendment was signed by Ashley Grim, Head of Global Fund Administration, on March 26, 2026.
Here is Why Forward Air (FWRD) Appears so Attractive
Forward Air Corp. (FWRD) is considered an attractive small-cap industrial stock, with Susquehanna maintaining a Positive rating and a price target suggesting over 171% upside potential. The company's strategic review is near completion, and its valuation at around 8.5x its 2026 forward EBITDA is highlighted as attractive. Despite challenging freight conditions, Forward Air reported strong 2025 results, with Q4 revenue beating consensus and solid operating income and consolidated EBITDA for the year.
Forward Air Corp stock faces renewed scrutiny amid air freight sector volatility and merger integrat
Forward Air Corp is navigating the complexities of integrating its 2023 Omni Logistics acquisition within a volatile air cargo market. The merger aims to diversify services beyond deferred air freight, but faces challenges from fluctuating fuel prices, labor costs, and the need to harmonize IT systems. Despite these hurdles, the company maintains a solid balance sheet and is positioned to benefit from e-commerce growth and strategic investments if integration is successful.
4 Forward Air and Omni executives land 2026 supply chain honors
Forward Air Corporation announced that four of its leaders, Jorge DeJesus, Ryan Ferrell, Brandon Wyatt, and Adam Cooper, have been recognized with the 2026 Pros to Know award by Supply & Demand Chain Executive. These awards acknowledge executives who provide leadership and innovation in the supply chain industry. The recipients were honored for their contributions to operational excellence, integration, and innovation within Forward Air's unified network.
Forward Air Corp stock faces uncertainty amid logistics sector headwinds and merger integration challenges
Forward Air Corp is navigating operational challenges in its core freight business following its 2024 merger with Omni Logistics. While the merger aims to create a seamless network, the company faces integration hurdles, softened e-commerce demand, and competitive pressures in the air cargo sector. Investors are closely monitoring the impact of these factors on short-term performance, with a focus on synergy realization, despite the company's strong balance sheet and diversification efforts.
Forward Air (FWRD) CLO has 5,737 shares withheld for taxes on vesting
Forward Air Corp's Chief Legal Officer, Michael L. Hance, reported that 5,737 shares of common stock were withheld to cover tax obligations upon the vesting of restricted stock. These transactions were for tax purposes and not open-market sales. Following these withholdings, Hance directly holds approximately 90,486 shares of Forward Air common stock.
Forward Air (FWRD) CEO receives 18,692-share long-term equity award
FORWARD AIR CORP's CEO, Shawn Stewart, was granted 18,692 restricted shares as part of his 2026 long-term equity incentive compensation. These shares, with no cash cost, will vest in three equal annual installments contingent on his continued employment. Following this award, Stewart directly holds 148,166 shares of Forward Air common stock.
Forward Air Strategic Review Conclusion Update | 2026 Status - News and Statistics
Forward Air's strategic review, initiated in early 2025 due to investor dissatisfaction over the Omni Logistics acquisition and capital strategy, is reportedly nearing its conclusion in 2026. While a sale of the entire company is now considered improbable, the company confirmed on a recent quarterly call that the review was almost complete. Goldman Sachs is providing financial advisory services for the review, which had attracted interest from several potential buyers.
Forward Air 2025 10-K: Revenue $2,495.1M; EPS $(3.51)
Forward Air (FWRD) reported its 2025 financial results, showing operating revenue of $2,495.1 million and a net loss per share of $(3.51). The company's financial performance improved significantly year-over-year, largely due to the absence of a prior-year goodwill impairment. This improvement was also influenced by growth in Omni Logistics, which offset declines in Expedited Freight volumes.
Forward Air sale unlikely as strategic review nears close - sources
A strategic review initiated by Forward Air Corporation over a year ago is nearing completion, but sources indicate it is unlikely to result in a full company sale. While two private equity firms have withdrawn their bids, the company is still exploring other options to maximize shareholder value. The activist hedge fund, Ancora Holdings, which initially pushed for the sale, has already exited its position.
Vanguard Group Inc. Acquires 307,906 Shares of Forward Air Corporation $FWRD
Vanguard Group Inc. increased its stake in Forward Air Corporation by 15.1% during the third quarter, purchasing 307,906 additional shares to reach a total of 2,353,608 shares, valued at approximately $60.35 million. Despite this significant institutional ownership, the company faces mixed analyst ratings, with an average "Hold" rating and a target price of $37, while trading near $21.94, and has reported a negative EPS and P/E ratio. Other institutional investors like Clear Harbor Asset Management and Private Management Group also adjusted their positions in Forward Air.
Forward Air Corporation $FWRD Stake Decreased by JPMorgan Chase & Co.
JPMorgan Chase & Co. reduced its stake in Forward Air Corporation (NASDAQ:FWRD) by 36.2% in the third quarter of 2025, selling over 285,000 shares. The transportation company reported a quarterly EPS miss and remains unprofitable, with institutional investors holding a significant portion of its stock. Analyst sentiment is mixed, holding a consensus "Hold" rating with an average target price of $37.
Royce & Associates LP Has $4.49 Million Stake in Forward Air Corporation $FWRD
Royce & Associates LP significantly increased its stake in Forward Air Corporation (NASDAQ:FWRD) by 169.5% in the third quarter, bringing its total holding to 175,189 shares valued at $4.49 million. Institutional ownership of Forward Air is high at 97.03%, with several major funds also having recently increased their positions. Despite strong institutional interest, Forward Air reported a Q3 EPS miss and negative financial metrics, leading to a mixed analyst consensus of "Hold" with a $37 price target.
Forward Air Shows Slight Increase in Profits
Forward Air Corp., a trucking and logistics services provider, reported a modest increase in earnings for the fourth quarter of 2014 and the full year 2014. Net income for Q4 2014 rose to $17.1 million from $15.6 million the previous year, with diluted earnings per share increasing from 50 cents to 55 cents. The company also announced a quarterly cash dividend of 12 cents per share.
Forward Air Corporation (FWRD) Seen as Attractive Value at 8.5x 2026 EBITDA, Says Susquehanna
Susquehanna views Forward Air Corporation (FWRD) as an attractive value, maintaining a Positive rating and a $42 price target, citing its trading at about 8.5 times estimated 2026 EBITDA. The company recently reported its Q4 and full-year 2025 results, showing consolidated revenue of $631 million for Q4 and consolidated EBITDA of $307 million for the full year. Forward Air Corporation is a leading North American freight and logistics provider.
Forward Air Corporation (FWRD) Seen as Attractive Value at 8.5x 2026 EBITDA, Says Susquehanna
Susquehanna views Forward Air Corporation (FWRD) as an attractive value, maintaining a "Positive" rating despite lowering its price target from $45 to $42. Shares are trading at 8.5 times estimated 2026 EBITDA, and the strategic review is reportedly nearing completion. The company reported consolidated revenue of $631 million for Q4 2025 and $77 million in Consolidated EBITDA, with varied performance across its segments.
Forward Air reports $28.3M loss due to freight market conditions
Forward Air reported a Q4 net loss of $28.3 million, an improvement from $36.4 million a year prior, despite challenging freight market conditions. This reduction in losses is attributed to the company's cost-cutting measures and the integration of Omni Logistics, which saw revenue growth in its segment. The company is nearing the conclusion of a strategic review of its operations, which could potentially include a sale.
Forward Air reports $28.3M loss due to freight market conditions
Forward Air announced a Q4 net loss of $28.3 million, which CEO Shawn Stewart attributed to challenging freight market conditions. Despite this, the loss was an improvement compared to $36.4 million in Q4 the prior year, reflecting the company's successful integration of Omni Logistics and ongoing cost-cutting efforts. The company is nearing the conclusion of a strategic review of its operations, which may include a potential sale.
Forward Air Corporation (NASDAQ:FWRD) Q4 2025 Earnings Call Transcript
Forward Air Corporation (NASDAQ:FWRD) reported its Q4 and full-year 2025 earnings, with consolidated EBITDA reaching $307 million for the year. Despite missing EPS expectations, the company highlighted improved adjusted EBITDA and operational achievements like unifying its U.S. domestic operations and unveiling a new Latin America regional structure. Management discussed their strategic review progress, focus on profitable long-term growth, and optimistic outlook for market recovery driven by increased density and operating leverage in their domestic ground network.
Forward Air Strategic Review Ends, Q4 2025 Results & Omni Logistics Segment - News and Statistics
Forward Air is nearing the end of its strategic review after reporting a net loss of $28.3 million in Q4 2025, primarily due to investor pressure following its merger with Omni Logistics. Despite the loss, consolidated adjusted EBITDA increased, and the Omni Logistics segment saw an 11% revenue increase. The company's shares rose 5.2% in after-hours trading following the announcement, although debt leverage remains a key focus.
Forward Air (NASDAQ: FWRD) posts 2025 $2.5B revenue and $307M EBITDA
Forward Air Corporation reported full-year 2025 operating revenue of $2.50 billion and Consolidated EBITDA of $307.1 million, showcasing stable underlying earnings despite a soft freight market. The company significantly narrowed its net loss and improved cash flow, with operating activities providing $44.4 million and free cash flow turning positive at $17.5 million. While liquidity remains solid at $367 million, long-term debt stands at $1.69 billion, placing leverage at 5.5x LTM net leverage.
Forward Air Named 2026 Surface Carrier of the Year by the Airforwarders Association
Forward Air Corporation (NASDAQ: FWRD) has been recognized as the 2026 Surface Carrier of the Year by the Airforwarders Association (AfA) at the annual AirCargo Conference. This award, voted on by AfA's membership, highlights Forward Air's strong, reliable ground network and exceptional service for its customers and forwarder partners. The recognition underscores the company's performance, responsiveness, and partnership in the logistics industry.
Forward Air (FWRD) Reports Q4 Loss, Beats Revenue Estimates
Forward Air (FWRD) reported a Q4 loss of $0.28 per share, missing the Zacks Consensus Estimate, but beat revenue expectations with $631.23 million. Despite outperforming the S&P 500 year-to-date, the company holds a Zacks Rank #4 (Sell) due to unfavorable earnings estimate revisions. Investors are cautioned about the industry outlook for the Transportation - Truck sector, which is currently ranked in the bottom 15% of Zacks industries.
Freight forwarders pick Forward Air as 2026 Surface Carrier of the Year
Forward Air Corporation (NASDAQ: FWRD) has been named the 2026 Surface Carrier of the Year by the Airforwarders Association (AfA) at the annual AirCargo Conference. This recognition, determined by AfA’s voting membership of freight forwarders, highlights the strength, reliability, and performance of Forward Air’s expedited ground network and its team. The award emphasizes Forward Air's role as a dependable, solutions-oriented partner in the air cargo and logistics industry.
Forward Air Named Surface Carrier Of The Year By Airforwarders Association
Forward Air Corporation has been honored as the 2026 Surface Carrier of the Year by the Airforwarders Association (AfA). This recognition, decided by AfA's voting members, highlights Forward Air's strong ground network, reliable service, and effective partnership within the air cargo and logistics industry. Shawn Stewart, CEO of Forward Air, expressed gratitude for the award, attributing it to the team's performance and commitment to customers.
Forward Air Named 2026 Surface Carrier of the Year by the Airforwarders Association
Forward Air Corporation has been named the 2026 Surface Carrier of the Year by the Airforwarders Association (AfA). This recognition highlights the strength and reliability of Forward Air's expedited ground network and its exceptional service for customers and forwarder partners, as determined by AfA's voting membership. The award was presented at the annual AirCargo Conference and acknowledges Forward Air as a reliable, solutions-oriented, and highly engaged partner in the logistics industry.
Forward Air Posts Quarterly Loss While Advancing Overhaul
Forward Air reported a net loss of $36.4 million in Q4 2025, driven by ongoing restructuring efforts and a strategic review. The company consolidated domestic operations into a single ground network and implemented pricing adjustments to improve yields, as it navigates a multiyear freight recession. While Omni Logistics revenue increased, Expedited Freight and Intermodal segments experienced declines, with management focusing on operational efficiency and strategic alternatives to enhance shareholder value.
Forward Air: Fourth Quarter Earnings Overview
Forward Air Corp. reported a net loss of $28.3 million, or $0.91 per share, in the fourth quarter, with an adjusted loss of $0.28 per share. The air cargo service provider generated $631.2 million in revenue for the quarter. For the full year, the company recorded a total loss of $107.8 million ($3.51 per share) on $2.5 billion in annual revenue.
Forward Air Corporation (FWRD) Releases Q4 2025 Earnings: Revenue Declines, Deep Net Loss and EPS Miss
Forward Air Corporation (FWRD) reported disappointing Q4 2025 earnings, with revenue declining by 5.8% year-over-year to $631.2 million, missing estimates. The company experienced a sharp increase in cost of sales, leading to a significant drop in gross profit and an operating loss, with a net loss of $28.3 million and diluted EPS of -$0.91 against an estimate of -$0.26. Insider trading data shows more sales than purchases, and institutional investor activity indicates a mixed sentiment with major decreases from several firms.
Earnings Flash (FWRD) Forward Air Corporation Reports Q4 Revenue $631.2M, vs. FactSet Est of $629.6M
Forward Air Corporation (FWRD) reported its Q4 revenue at $631.2 million, surpassing the FactSet estimate of $629.6 million. This announcement follows earlier news that the company's Q4 loss narrowed and revenue fell, indicating a mixed performance for the logistics provider. Forward Air provides various transportation services including LTL, truckload, intermodal drayage, and freight brokerage across North America, Europe, and Asia.
Forward Air Corporation Reports Fourth Quarter and Full Year 2025 Results
Forward Air Corporation reported its financial results for the fourth quarter and full year ended December 31, 2025, with solid performance despite challenging freight market conditions. The company achieved an operating income of $36 million and Consolidated EBITDA of $307 million for the full year 2025, driven by strong demand in its Omni segment and improved results in the Expedited Freight segment. The report highlighted the company's focus on cost structure alignment, transformation strategy, and strengthening its global logistics network.
Forward Air: Q4 Earnings Snapshot
Forward Air Corp. reported a Q4 loss of $28.3 million, or 91 cents per share, with adjusted losses at 28 cents per share. The company posted revenue of $631.2 million for the quarter. For the full year, Forward Air recorded a loss of $107.8 million, or $3.51 per share, on revenue of $2.5 billion.
Exclusive | Activist Investor Irenic Builds Stake in Forward Air
Activist investor Irenic Capital Management has acquired a nearly 5% stake in U.S. trucking company Forward Air, making it one of the largest shareholders. Irenic has privately urged Forward Air's board to consider a strategic review, including a potential sale, and to implement changes to its board of directors. This move comes after Forward Air recently finalized a contentious deal.
Lawsuit says Forward Air violated California law by only paying truck drivers for miles driven
A class-action lawsuit has been filed against Forward Air in Los Angeles, alleging that the company violated California labor laws by inadequately compensating its truck drivers. The suit claims Forward Air paid drivers only for miles driven, failing to cover non-driving duties and business expenses. The plaintiff seeks unpaid wages, damages, and compliance with California Labor Code for current and former drivers.
Cetus Capital VI, L.P. sells Forward Air (FWRD) shares worth $642,600
Cetus Capital VI, L.P., a major owner of Forward Air Corp (NASDAQ:FWRD), sold 30,000 shares of common stock for $642,600 on October 14, 2025. Following this transaction, Cetus Capital VI, L.P. directly holds 3,063,709 shares. The report also highlights that Stifel has raised its price target for Forward Air to $32, maintaining a Buy rating, citing confidence in the company's asset-light less-than-truckload (LTL) model and strategic technology use.
Cetus Capital sells Forward Air (FWRD) shares worth $5.94 million
Cetus Capital VI, L.P., a significant owner of Forward Air (NASDAQ:FWRD), sold 262,163 shares of the company's common stock between November 6 and November 12, 2025, for a total of approximately $5.94 million. These sales occurred at prices ranging from $21.55 to $22.66, which is below the current trading price of $27.24. Despite these sales, Cetus Capital had previously acquired 225,000 shares in October 2025 and still directly owns over 3.1 million shares.
Rothschild Investment LLC Buys 269,985 Shares of Forward Air Corporation $FWRD
Rothschild Investment LLC significantly increased its holdings in Forward Air Corporation (NASDAQ:FWRD) by 337,481.3% during the third quarter, acquiring an additional 269,985 shares. The fund now owns 270,065 shares of the transportation company, valued at approximately $6.92 million. Other institutional investors also adjusted their positions in FWRD, and analysts have issued mixed ratings for the stock, with a consensus "Hold" rating and an average price target of $35.00.
Forward Air Purchases Central States Trucking
Forward Air Corporation has signed a definitive agreement to acquire all of the stock of Central States Trucking Company and Central States Logistics for $95.6 million. CST specializes in container and intermodal drayage services, primarily in the Midwest, and generated approximately $66 million in revenue in 2013. This acquisition aims to expand Forward Air's service offerings into the drayage space and enhance its international supply-chain trucking and warehousing capabilities.
Forward Air Completes Purchase of Central States
Forward Air announced the completion of its $95.6 million acquisition of Central States Trucking and Central States Logistics from Central States Inc. Central States Trucking, headquartered in Bensenville, Ill., operates a seven-terminal network with approximately 500 employees, providing intermodal drayage services, linehaul service, and warehouse services, and reported $66 million in unaudited revenues in 2013. Forward Air Corporation, based in Tennessee, consists of three business segments: Forward Air, Forward Air Solutions, and Total Quality.
Cibc World Market Inc. Sells 85,840 Shares of Forward Air Corporation $FWRD
Cibc World Market Inc. has reduced its stake in Forward Air Corporation (NASDAQ:FWRD) by selling 85,840 shares, now holding 756,038 shares valued at approximately $19.39 million. The company's shares opened at $27.12 after an 8.7% fall, and its financial metrics show a negative P/E of -7.04 and a high debt-to-equity ratio of 8.73. Despite mixed analyst ratings (three Buy, one Hold, two Sell), the average price target for FWRD is $35.00.
Forward Air Corporation (NASDAQ:FWRD) Receives Average Recommendation of "Hold" from Brokerages
MarketBeat reports that Forward Air Corporation (NASDAQ:FWRD) has received an average "Hold" recommendation from six brokerages regarding its stock, with an average 12-month price target of $35.00. The stock recently opened at $27.12 and was trading down 8.7%, with a market cap of $847.5 million and significant institutional ownership. Analysts have issued varied ratings, including "sell," "hold," and "buy," with several research reports updating price objectives.
Forward Air (NASDAQ:FWRD) Shares Down 10.8% - Here's What Happened
Forward Air (NASDAQ:FWRD) shares experienced a 10.8% intraday drop, trading as low as $26.97 and closing at $26.51 on trading volume 34% below average. The company has a market capitalization of approximately $847.45 million, a negative P/E of -7.04, and a high debt-to-equity ratio of 8.73, with institutional investors holding around 97% of shares. Analyst ratings for FWRD are mixed, with an average "Hold" rating and a price target of $35.00.
Forward Air (NASDAQ:FWRD) Will Want To Turn Around Its Return Trends
Forward Air (NASDAQ:FWRD) is showing concerning trends in its Return on Capital Employed (ROCE), which has declined from 9.0% five years ago to 3.1%. While the company has increased both revenue and assets, suggesting investment in growth, these investments have not yet translated into improved returns. The stock has also seen a 65% decline in the last five years, indicating a need for further research into its fundamentals.
Understanding Momentum Shifts in (FWRD)
This article analyzes Forward Air Corporation (FWRD), highlighting a strong bullish sentiment across all time horizons. AI models suggest an overweight bias for FWRD, presenting strategic trading options including long entry zones, momentum breakout triggers, and risk hedging strategies, with detailed support and resistance levels for various timeframes. The analysis also points out an exceptional risk-reward short setup despite the overall strong sentiment.
Integrity Financial Corp WA Takes Position in Forward Air Corporation $FWRD
Integrity Financial Corp WA has taken a new position in Forward Air Corporation (NASDAQ:FWRD), purchasing 33,267 shares valued at $853,000. Institutional investors and hedge funds own a significant portion of the company's stock, with several firms increasing their holdings in recent quarters. Despite a consensus "Hold" rating from analysts and an average price target of $35.00, Forward Air currently trades below this target with a negative P/E ratio, indicating ongoing unprofitability even as its stock price shows signs of recovery.
Allianz Asset Management GmbH Acquires New Position in Forward Air Corporation $FWRD
Allianz Asset Management GmbH has acquired a new stake of 323,505 shares, valued at approximately $8.295 million, in Forward Air Corporation (NASDAQ:FWRD), representing about 1.05% of the company. Institutional ownership of Forward Air is high at 97.03%, with other major investors like Royal Bank of Canada significantly increasing their positions. Analyst consensus on the stock is a "Hold" with a target price of $35.00, while the company trades near $30.20 per share.
Y Intercept Hong Kong Ltd Decreases Position in Forward Air Corporation $FWRD
Y Intercept Hong Kong Ltd significantly reduced its stake in Forward Air Corporation (NASDAQ:FWRD) by 77.5% during Q3, selling 57,656 shares and retaining 16,762 shares valued at $430,000. Despite this sell-off, institutional investors collectively own about 97.03% of Forward Air, with several institutions like Ridgemont Partners, JPMorgan Chase, Bank of America, and Jefferies increasing their holdings. Analyst sentiment remains mixed, with a consensus "Hold" rating and a $35 price target, following the company's Q3 earnings miss and revenue below expectations.
Forward Air's (NASDAQ:FWRD) Returns On Capital Not Reflecting Well On The Business
Forward Air (NASDAQ:FWRD) currently has a low return on capital employed (ROCE) of 3.1%, underperforming the Logistics industry average. While the company's ROCE has declined from 9.0% over the last five years, revenue and assets have increased, suggesting investments in growth. However, despite growth efforts, the stock has fallen 64% over the same period, indicating that these investments have not yet translated into improved returns for shareholders.
