Senate Republicans to challenge auto safety mandates in January - WSJ
Investing.com - Jefferies has reduced its price target on Forward Air (NASDAQ:FWRD) to $30.00 from $35.00 while maintaining a Buy rating on the stock. The new target represents about 36% upside from Forward Air’s current price of $22.14, though InvestingPro data shows the stock has declined over 45% year-to-date.
The freight transportation company reported third-quarter EBITDA of $78 million, slightly exceeding Jefferies’ expectation of $76 million, as pricing and cost actions helped offset soft demand in the current macroeconomic environment. This quarterly figure contributes to Forward Air’s last twelve months EBITDA of $222.27 million, according to InvestingPro data.
Jefferies noted that Forward Air’s turnaround efforts are continuing to show progress, with management demonstrating execution capabilities in a challenging market.
Despite the ongoing transformation, Jefferies observed that price volatility in public markets indicates shareholders have limited patience for a long-term turnaround story.
The firm suggested that private markets might be better positioned to capitalize on Forward Air’s transformation efforts than public markets.
In other recent news, Forward Air Corporation reported its third-quarter 2025 earnings, focusing on strategic initiatives amid a challenging freight environment. The company successfully maintained its EBITDA levels while undertaking significant operational changes. These changes included workforce reductions and the implementation of technological advancements. Despite these efforts, the company’s stock experienced a slight decline in aftermarket trading, indicating cautious investor sentiment. Forward Air’s strategic shifts are part of its response to current market challenges. The company’s recent developments underscore its commitment to navigating the evolving freight landscape. As these changes unfold, investors will be closely monitoring the company’s performance and strategic direction.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.