D
Forward Air Corporation FWRD
$20.70 $0.200.98%
Recommendation
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Avg Vol (90D)
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D
Sell 5/16/2024Downgrade
Forward Air Corporation (FWRD) was downgraded to D from D+ on 5/16/2024 due to a major decline in the growth index, efficiency index and solvency index. EBIT declined 350.2% from $3M to -$7.51M, operating cash flow declined 335.55% from $21.96M to -$51.72M, and earnings per share declined from $3.94 to -$2.81.
D
Sell 2/14/2024Downgrade
Forward Air Corporation (FWRD) was downgraded to D+ from C- on 2/14/2024 due to a decline in the total return index, volatility index and efficiency index.
C
Hold 1/30/2024Upgraded
Forward Air Corporation (FWRD) was upgraded to C- from D+ on 1/30/2024 due to an increase in the valuation index, dividend index and volatility index.
D
Sell 1/11/2024Downgrade
Forward Air Corporation (FWRD) was downgraded to D+ from C- on 1/11/2024 due to a decline in the total return index and volatility index.
C
Hold 11/30/2023Downgrade
Forward Air Corporation (FWRD) was downgraded to C- from C on 11/30/2023 due to a decline in the solvency index, total return index and volatility index.
C
Hold 11/15/2023Upgraded
Forward Air Corporation (FWRD) was upgraded to C from C- on 11/15/2023 due to an increase in the volatility index and dividend index.
C
Hold 11/9/2023Downgrade
Forward Air Corporation (FWRD) was downgraded to C- from C on 11/9/2023 due to a noticeable decline in the total return index, volatility index and efficiency index.
C
Hold 9/11/2023Downgrade
Forward Air Corporation (FWRD) was downgraded to C from C+ on 9/11/2023 due to a decline in the volatility index, total return index and valuation index.
C
Hold 8/31/2023Downgrade
Forward Air Corporation (FWRD) was downgraded to C+ from B- on 8/31/2023 due to a large decline in the volatility index, total return index and solvency index.
B
Buy 8/7/2023Downgrade
Forward Air Corporation (FWRD) was downgraded to B- from B on 8/7/2023 due to a major decline in the growth index, valuation index and solvency index. Earnings per share declined from $1.37 to $0.76, EBIT declined 40.19% from $50.51M to $30.21M, and the quick ratio declined from 1.41 to 1.15.
B
Buy 4/4/2023Upgraded
Forward Air Corporation (FWRD) was upgraded to B from B- on 4/4/2023 due to an increase in the volatility index and valuation index.
B
Buy 1/13/2023Downgrade
Forward Air Corporation (FWRD) was downgraded to B- from B on 1/13/2023 due to a decline in the total return index, efficiency index and growth index. Net income declined 5.95% from $55.43M to $52.13M, earnings per share declined from $2.04 to $1.93, and EBIT declined 5.14% from $75.55M to $71.67M.
B
Buy 10/13/2022Upgraded
Forward Air Corporation (FWRD) was upgraded to B from B- on 10/13/2022 due to an increase in the total return index.
B
Buy 9/23/2022Downgrade
Forward Air Corporation (FWRD) was downgraded to B- from B on 9/23/2022 due to a decline in the total return index and volatility index.
B
Buy 8/29/2022Upgraded
Forward Air Corporation (FWRD) was upgraded to B from B- on 8/29/2022 due to a major increase in the total return index, valuation index and growth index. EBIT increased 32.4% from $57.06M to $75.55M, earnings per share increased from $1.57 to $2.04, and total revenue increased 10.33% from $466.96M to $515.22M.
B
Buy 3/4/2022Upgraded
Forward Air Corporation (FWRD) was upgraded to B- from C on 3/4/2022 due to a significant increase in the growth index, valuation index and solvency index. Earnings per share increased from $0.8619 to $1.4769, EBIT increased 23.13% from $42.48M to $52.3M, and total revenue increased 9.6% from $419.63M to $459.93M.
C
Hold 2/17/2022Downgrade
Forward Air Corporation (FWRD) was downgraded to C from C+ on 2/17/2022 due to a decline in the total return index.
C
Hold 2/16/2022Downgrade
Forward Air Corporation (FWRD) was downgraded to C+ from B- on 2/16/2022 due to a significant decline in the total return index and solvency index.
B
Buy 2/1/2022Upgraded
Forward Air Corporation (FWRD) was upgraded to B- from C+ on 2/1/2022 due to a substantial increase in the total return index, volatility index and efficiency index.
C
Hold 11/17/2021Upgraded
Forward Air Corporation (FWRD) was upgraded to C+ from C on 11/17/2021 due to a substantial increase in the growth index, valuation index and solvency index. Operating cash flow increased 89.43% from $22.75M to $43.09M, the quick ratio increased from 1.64 to 1.71, and EBIT increased 1.65% from $41.79M to $42.48M.
C
Hold 4/5/2021Upgraded
Forward Air Corporation (FWRD) was upgraded to C from C- on 4/5/2021 due to an increase in the total return index and volatility index.
C
Hold 3/3/2021Downgrade
Forward Air Corporation (FWRD) was downgraded to C- from C on 3/3/2021 due to a significant decline in the valuation index, growth index and efficiency index. Earnings per share declined from $0.5975 to -$0.1733, net income declined 126.69% from $16.65M to -$4.44M, and operating cash flow declined 28.48% from $17.15M to $12.26M.
C
Hold 8/28/2020Upgraded
Forward Air Corporation (FWRD) was upgraded to C from C- on 8/28/2020 due to an increase in the volatility index.
C
Hold 5/29/2020Downgrade
Forward Air Corporation (FWRD) was downgraded to C- from C on 5/29/2020 due to a significant decline in the growth index, total return index and volatility index. EBIT declined 66.39% from $33.05M to $11.11M, earnings per share declined from $0.8525 to $0.2984, and operating cash flow declined 29.36% from $41.29M to $29.17M.
C
Hold 4/6/2020Downgrade
Forward Air Corporation (FWRD) was downgraded to C from C+ on 4/6/2020 due to a decline in the total return index and volatility index.
C
Hold 3/18/2020Downgrade
Forward Air Corporation (FWRD) was downgraded to C+ from B- on 3/18/2020 due to a decline in the volatility index and total return index.
B
Buy 3/12/2020Downgrade
Forward Air Corporation (FWRD) was downgraded to B- from B on 3/12/2020 due to a decline in the volatility index, growth index and solvency index. Operating cash flow declined 10.18% from $45.97M to $41.29M.
B
Buy 9/17/2019Upgraded
Forward Air Corporation (FWRD) was upgraded to B from B- on 9/17/2019 due to an increase in the volatility index and total return index.
B
Buy 8/13/2019Downgrade
Forward Air Corporation (FWRD) was downgraded to B- from B on 8/13/2019 due to a noticeable decline in the volatility index, valuation index and solvency index. The quick ratio declined from 1.65 to 1.24, and debt to equity increased from 0.17 to 0.19.
B
Buy 12/26/2018Downgrade
Forward Air Corporation (FWRD) was downgraded to B from B+ on 12/26/2018 due to a decline in the total return index and volatility index.
B
Buy 12/10/2018Upgraded
Forward Air Corporation (FWRD) was upgraded to B+ from B on 12/10/2018 due to an increase in the volatility index and total return index.
B
Buy 10/30/2018Downgrade
Forward Air Corporation (FWRD) was downgraded to B from B+ on 10/30/2018 due to a decline in the growth index, total return index and solvency index. EBIT declined 10.48% from $32.87M to $29.42M, earnings per share declined from $0.82 to $0.76, and the quick ratio declined from 2.47 to 2.35.
B
Buy 10/15/2018Upgraded
Forward Air Corporation (FWRD) was upgraded to B+ from B on 10/15/2018 due to a noticeable increase in the growth index, total return index and volatility index. Earnings per share increased from $0.599 to $0.82, EBIT increased 35.17% from $24.32M to $32.87M, and total revenue increased 9.17% from $302.61M to $330.34M.
B
Buy 6/19/2018Upgraded
Forward Air Corporation (FWRD) was upgraded to B from B- on 6/19/2018 due to an increase in the volatility index and efficiency index.
B
Buy 3/15/2018Downgrade
Forward Air Corporation (FWRD) was downgraded to B- from B on 3/15/2018 due to a decline in the volatility index.
B
Buy 2/28/2018Upgraded
Forward Air Corporation (FWRD) was upgraded to B from B- on 2/28/2018 due to an increase in the valuation index, efficiency index and solvency index. Net income increased 94.84% from $18.16M to $35.37M, total capital increased 5.06% from $546.75M to $574.44M, and the quick ratio increased from 2.48 to 2.52.
B
Buy 2/26/2018Downgrade
Forward Air Corporation (FWRD) was downgraded to B- from B on 2/26/2018 due to a decline in the volatility index, solvency index and total return index. Debt to equity increased from 0.04 to 0.08.
B
Buy 9/7/2017Upgraded
Forward Air Corporation (FWRD) was upgraded to B from B- on 9/7/2017 due to an increase in the total return index.
B
Buy 8/23/2017Downgrade
Forward Air Corporation (FWRD) was downgraded to B- from B on 8/23/2017 due to a noticeable decline in the total return index.
B
Buy 7/28/2017Upgraded
Forward Air Corporation (FWRD) was upgraded to B from C on 7/28/2017 due to a significant increase in the growth index, valuation index and volatility index. Earnings per share increased from $0.47 to $0.64, EBIT increased 25.9% from $23.68M to $29.81M, and total revenue increased 8.31% from $246.98M to $267.52M.
C
Hold 2/24/2017Downgrade
Forward Air Corporation (FWRD) was downgraded to C from C+ on 2/24/2017 due to a large decline in the growth index, valuation index and volatility index.
C
Hold 1/27/2017Upgraded
Forward Air Corporation (FWRD) was upgraded to C+ from C on 1/27/2017 due to a major increase in the growth index, total return index and solvency index. Earnings per share increased from -$0.3337 to $0.39, operating cash flow increased 40.55% from $23.77M to $33.4M, and debt to equity declined from 0.12 to 0.09.
C
Hold 7/29/2016Downgrade
Forward Air Corp. (FWRD) was downgraded to C from B- on 7/29/2016 due to a significant decline in the growth index, valuation index and efficiency index. Earnings per share declined from $0.4285 to -$0.3337, net income declined 176.85% from $13.1M to -$10.07M, and operating cash flow declined 36.53% from $37.44M to $23.77M.
B
Buy 6/14/2016Upgraded
Forward Air Corp. (FWRD) was upgraded to B- from C+ on 6/14/2016 due to an increase in the total return index, volatility index and valuation index.
C
Hold 4/28/2016Upgraded
Forward Air Corp. (FWRD) was upgraded to C+ from C on 4/28/2016 due to an increase in the growth index, valuation index and total return index. Operating cash flow increased 31.8% from $28.41M to $37.44M.
C
Hold 4/15/2016Downgrade
Forward Air Corp. (FWRD) was downgraded to C from C+ on 4/15/2016 due to a decline in the volatility index.
C
Hold 3/31/2016Upgraded
Forward Air Corp. (FWRD) was upgraded to C+ from C on 3/31/2016 due to an increase in the volatility index and solvency index.
C
Hold 3/11/2016Downgrade
Forward Air Corp. (FWRD) was downgraded to C from B- on 3/11/2016 due to a major decline in the total return index, volatility index and growth index. Operating cash flow declined 26.7% from $38.75M to $28.41M.
B
Buy 9/23/2015Downgrade
Forward Air Corp. (FWRD) was downgraded to B- from B on 9/23/2015 due to a major decline in the volatility index and total return index.
B
Buy 8/13/2015Downgrade
Forward Air Corp. (FWRD) was downgraded to B from B+ on 8/13/2015 due to a decline in the volatility index.
B
Buy 7/29/2015Upgraded
Forward Air Corp. (FWRD) was upgraded to B+ from B on 7/29/2015 due to a major increase in the growth index and dividend index. Earnings per share increased from $0.1571 to $0.38, operating cash flow increased 48.85% from $7.46M to $11.1M, and EBIT increased 32.05% from $19.92M to $26.31M.
B
Buy 6/2/2015Downgrade
Forward Air Corp. (FWRD) was downgraded to B from B+ on 6/2/2015 due to a decline in the valuation index and volatility index.
B
Buy 5/18/2015Upgraded
Forward Air Corp. (FWRD) was upgraded to B+ from B on 5/18/2015 due to an increase in the total return index and volatility index.
B
Buy 4/24/2015Downgrade
Forward Air Corp. (FWRD) was downgraded to B from A- on 4/24/2015 due to a significant decline in the growth index, efficiency index and valuation index. Operating cash flow declined 71.92% from $26.57M to $7.46M, net income declined 71.62% from $17.05M to $4.84M, and earnings per share declined from $0.5474 to $0.1571.
A
Buy 4/9/2015Upgraded
Forward Air Corp. (FWRD) was upgraded to A- from B+ on 4/9/2015 due to an increase in the total return index, volatility index and valuation index.
B
Buy 2/23/2015Downgrade
Forward Air Corp. (FWRD) was downgraded to B+ from A- on 2/23/2015 due to a decline in the valuation index, growth index and efficiency index. EBIT declined 6.15% from $26.91M to $25.25M.
A
Buy 2/5/2015Upgraded
Forward Air Corp. (FWRD) was upgraded to A- from B+ on 2/5/2015 due to a noticeable increase in the volatility index, valuation index and efficiency index.
B
Buy 9/29/2014Downgrade
Forward Air Corp. (FWRD) was downgraded to B+ from A- on 9/29/2014 due to a noticeable decline in the volatility index and total return index.
A
Buy 9/11/2014Upgraded
Forward Air Corp. (FWRD) was upgraded to A- from B+ on 9/11/2014 due to an increase in the volatility index and total return index.
B
Buy 8/27/2014Downgrade
Forward Air Corp. (FWRD) was downgraded to B+ from A- on 8/27/2014 due to a noticeable decline in the volatility index.
A
Buy 7/25/2014Upgraded
Forward Air Corp. (FWRD) was upgraded to A- from B+ on 7/25/2014 due to a major increase in the growth index, valuation index and efficiency index. Net income increased 68.38% from $10.2M to $17.18M, earnings per share increased from $0.33 to $0.55, and EBIT increased 61.03% from $17.14M to $27.6M.
B
Buy 4/25/2014Downgrade
Forward Air Corp. (FWRD) was downgraded to B+ from A- on 4/25/2014 due to a substantial decline in the growth index, valuation index and total return index. Operating cash flow declined 34% from $30.35M to $20.03M, earnings per share declined from $0.4976 to $0.33, and EBIT declined 26.19% from $23.22M to $17.14M.
Weiss Ratings