Ahead Air (NASDAQ:FWRD – Get Score) was downgraded by inventory analysts at StockNews.com from a “purchase” score to a “maintain” score in a analysis word issued on Monday.
Plenty of different brokerages have additionally lately issued experiences on FWRD. Benchmark assumed protection on shares of Ahead Air in a analysis word on Tuesday, July nineteenth. They issued a “maintain” score on the inventory. Raymond James decreased their goal value on shares of Ahead Air from $145.00 to $135.00 in a analysis word on Friday, July fifteenth. 4 analysis analysts have rated the inventory with a maintain score, 4 have given a purchase score and one has given a powerful purchase score to the inventory. In line with MarketBeat, the corporate has a mean score of “Average Purchase” and a consensus goal value of $137.83.
Ahead Air Inventory Efficiency
FWRD inventory traded down $0.21 throughout mid-day buying and selling on Monday, hitting $89.32. 135,816 shares of the corporate had been exchanged, in comparison with its common quantity of 164,123. The corporate has a present ratio of 1.89, a fast ratio of 1.89 and a debt-to-equity ratio of 0.24. Ahead Air has a 1-year low of $81.15 and a 1-year excessive of $125.71. The enterprise has a 50 day easy shifting common of $100.30 and a 200-day easy shifting common of $96.13. The inventory has a market capitalization of $2.40 billion, a PE ratio of 15.01 and a beta of 1.14.
Ahead Air (NASDAQ:FWRD – Get Score) final introduced its quarterly earnings knowledge on Wednesday, July twenty seventh. The transportation firm reported $2.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.02. The enterprise had income of $515.22 million for the quarter, in comparison with analysts’ expectations of $515.72 million. Ahead Air had a web margin of 8.71% and a return on fairness of 27.62%. The agency’s quarterly income was up 22.5% in comparison with the identical quarter final 12 months. Throughout the identical interval final 12 months, the agency posted $1.11 earnings per share. On common, equities analysts forecast that Ahead Air will submit 7.3 earnings per share for the present 12 months.
Hedge Funds Weigh In On Ahead Air
Hedge funds have lately modified their holdings of the enterprise. CWM LLC lifted its holdings in shares of Ahead Air by 73.5% throughout the second quarter. CWM LLC now owns 354 shares of the transportation firm’s inventory value $33,000 after buying a further 150 shares throughout the interval. Quadrant Capital Group LLC lifted its holdings in Ahead Air by 88.2% within the second quarter. Quadrant Capital Group LLC now owns 382 shares of the transportation firm’s inventory valued at $35,000 after shopping for a further 179 shares throughout the interval. Lazard Asset Administration LLC acquired a brand new place in Ahead Air within the first quarter valued at $45,000. First Horizon Advisors Inc. lifted its holdings in Ahead Air by 5,675.0% within the second quarter. First Horizon Advisors Inc. now owns 693 shares of the transportation firm’s inventory valued at $63,000 after shopping for a further 681 shares throughout the interval. Lastly, Steward Companions Funding Advisory LLC lifted its holdings in Ahead Air by 32.7% within the second quarter. Steward Companions Funding Advisory LLC now owns 811 shares of the transportation firm’s inventory valued at $75,000 after shopping for a further 200 shares throughout the interval. Institutional traders and hedge funds personal 99.33% of the corporate’s inventory.
About Ahead Air
(Get Score)
Ahead Air Company, along with its subsidiaries, operates as an asset-light freight and logistics firm in the US and Canada. It operates in two segments, Expedited Freight and Intermodal. The Expedited Freight phase supplies expedited regional, inter-regional, and nationwide less-than-truckload companies; native pick-up and supply companies; and different companies, which embrace last mile, truckload, cargo consolidation and deconsolidation, warehousing, customs brokerage, and different dealing with.
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