A Closer Look at 4 Analyst Recommendations For Forward Air
Portfolio Pulse from Benzinga Insights
Four analysts have recently updated their ratings on Forward Air (NASDAQ:FWRD), showing a consensus towards a neutral to somewhat bearish outlook with three indifferent and one somewhat bearish rating. The average 12-month price target is now $56.25, down 20.02% from the previous $70.33, indicating a downward revision in expectations. Forward Air's financial performance shows a decline in revenue by -18.94% for the quarter ending September 30, 2023, but it maintains strong profitability metrics such as net margin and ROE, outperforming industry averages.
March 01, 2024 | 6:01 pm
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Forward Air has seen a downward revision in analyst expectations, with a new average price target of $56.25, indicating potential pressure on the stock price. However, strong profitability metrics could provide some support.
The downward revision in price targets by analysts suggests a bearish outlook for Forward Air in the short term, likely putting pressure on the stock price. However, the company's strong profitability and financial performance metrics, such as net margin and ROE, could mitigate some of the negative impacts and provide a floor for the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100