The leading market experts have placed a mean price target of $52.00 on Forward Air Corporation (NASDAQ:FWRD) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.69 a share for the upcoming quarter and $2.33 for the current fiscal.
The technical analysis of Forward Air Corporation plainly substantiates that the 50-day moving average of Forward Air Corporation is $46.04, and stock is trading $0.89 points away or +1.94% from its 50-day moving average of $46.04. Further it is trading $2.25 or +5.03% away its 200-day moving average of $44.68. Forward Air Corporation (NASDAQ:FWRD) 52-week high is $50.47 and the 52-week low is $36.00.
This explains if the stock moves $-3.54, it will post a 52-week high. In event of +30.36% decline, a 52-week low will be hit.
Taking the valuation aspect to emphasize the valuation of Forward Air Corporation, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Forward Air Corporation (NASDAQ:FWRD) ratio came in at 34.53.
The stock last ended the trading session at $46.93 and registered a market cap of $1.42B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Forward Air Corporation (NASDAQ:FWRD) PEG ratio is at 1.58.
1 Chart Pattern Every Investor Should Know
This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...