Forward Air Stock Hits New 52-Week High (FWRD)

NEW YORK ( TheStreet) -- Forward Air Corporation (Nasdaq: FWRD) hit a new 52-week high Wednesday as it is currently trading at $37.02, above its previous 52-week high of $37 with 181,004 shares traded as of 3:10 p.m. ET. Average volume has been 145,700 shares over the past 30 days.

Forward Air has a market cap of $984.3 million and is part of the services sector and transportation industry. Shares are up 12.9% year to date as of the close of trading on Tuesday.

Forward Air Corporation, together with its subsidiaries, provides surface transportation and related logistics services to the North American expedited air freight market. The company operates in two segments, Forward Air, Inc. (Forward Air) and Forward Air Solutions, Inc. (FASI). The company has a P/E ratio of 22.3, below the average transportation industry P/E ratio of 22.7 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Forward Air as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Forward Air Ratings Report.

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