Saia, Inc. (NASDAQ:SAIA) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Saia, Inc. (NASDAQ:SAIA) have been assigned an average recommendation of “Moderate Buy” from the eighteen analysts that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $497.22.

Several research firms have recently weighed in on SAIA. JPMorgan Chase & Co. lowered their price target on Saia from $676.00 to $580.00 and set an “overweight” rating on the stock in a report on Monday, April 29th. The Goldman Sachs Group raised their target price on Saia from $504.00 to $567.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Wolfe Research downgraded Saia from an “outperform” rating to a “peer perform” rating in a research note on Thursday, April 11th. Bank of America lowered their price objective on shares of Saia from $645.00 to $484.00 and set a “buy” rating on the stock in a research note on Monday, April 29th. Finally, TD Cowen cut their target price on shares of Saia from $528.00 to $473.00 and set a “hold” rating for the company in a research report on Monday, April 29th.

Saia Price Performance

NASDAQ SAIA opened at $377.26 on Friday. Saia has a one year low of $266.91 and a one year high of $628.34. The stock has a 50-day moving average of $506.12 and a 200 day moving average of $481.71. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.23 and a current ratio of 1.23. The company has a market capitalization of $10.03 billion, a price-to-earnings ratio of 27.34, a PEG ratio of 1.26 and a beta of 1.71.

Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Friday, April 26th. The transportation company reported $3.38 EPS for the quarter, missing analysts’ consensus estimates of $3.43 by ($0.05). The company had revenue of $754.80 million during the quarter, compared to the consensus estimate of $772.36 million. Saia had a return on equity of 19.53% and a net margin of 12.42%. The business’s revenue was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.85 earnings per share. On average, sell-side analysts forecast that Saia will post 15.25 EPS for the current year.

Insider Buying and Selling

In other news, Director John P. Gainor, Jr. bought 500 shares of the stock in a transaction dated Thursday, May 2nd. The stock was purchased at an average cost of $407.00 per share, for a total transaction of $203,500.00. Following the transaction, the director now owns 900 shares of the company’s stock, valued at $366,300. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 0.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Contravisory Investment Management Inc. purchased a new position in Saia during the 4th quarter valued at $26,000. Pineridge Advisors LLC bought a new stake in shares of Saia during the fourth quarter worth $26,000. Rise Advisors LLC purchased a new stake in shares of Saia during the first quarter valued at $40,000. Core Wealth Advisors Inc. bought a new position in shares of Saia in the fourth quarter worth about $32,000. Finally, GAMMA Investing LLC purchased a new position in Saia in the 4th quarter worth about $43,000.

Saia Company Profile

Saia, Inc, together with its subsidiaries, operates as a transportation company in North America. The company provides less-than-truckload services for shipments between 100 and 10,000 pounds; and other value-added services, including non-asset truckload, expedited, and logistics services. It also offers other value-added services, including non-asset truckload, expedited, and logistics services.