Why Forward Air Corporation (NASDAQ:FWRD) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $52.0000 on Forward Air Corporation (NASDAQ:FWRD) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $2.3300 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Forward Air Corporation (NASDAQ:FWRD) stands at 34.2532.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Forward Air Corporation, the PEG ratio for coming 3-5 years is 1.5700.

Technical Analysis

The technical analysis highlights that Forward Air Corporation current is trading $1.0749 points away or +2.3637% from its 50-day moving average of $45.4752. Further it is trading $2.4118 or +5.4642% away its 200-day moving average of $44.1383.

The 52-week high of Forward Air Corporation (NASDAQ:FWRD) was $50.4700 while lowest point recorded in 52-week was $36.0000. It implies if stock price makes a movement of over $-3.9199, it will record a new 52-week high. In the case of +29.3058% drop, it will touch a new 52-week low.

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