Saia (NASDAQ:SAIA) Rating Increased to Outperform at Evercore

Saia (NASDAQ:SAIA) was upgraded by equities research analysts at Evercore from an “in-line” rating to an “outperform” rating in a research note issued on Wednesday.

Several other analysts have also recently issued reports on the company. Stifel Nicolaus set a $450.00 price objective on Saia in a report on Friday, May 1st. BMO Capital Markets raised their target price on shares of Saia from $450.00 to $470.00 and gave the company a “market perform” rating in a report on Thursday, June 4th. Raymond James Financial restated an “outperform” rating and issued a $477.00 price target on shares of Saia in a research report on Friday, May 1st. Citigroup downgraded shares of Saia from a “buy” rating to a “neutral” rating and upped their price target for the company from $516.00 to $524.00 in a research note on Monday, June 15th. Finally, Wells Fargo & Company increased their price objective on shares of Saia from $445.00 to $490.00 and gave the company an “equal weight” rating in a research report on Friday, June 5th. Ten research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $456.94.

Saia Trading Down 1.1%

Shares of Saia stock opened at $421.16 on Wednesday. The firm has a market cap of $11.23 billion, a price-to-earnings ratio of 44.24, a PEG ratio of 2.03 and a beta of 2.10. The business has a 50-day moving average price of $451.51 and a 200-day moving average price of $393.88. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.04. Saia has a twelve month low of $249.32 and a twelve month high of $494.71.

Saia (NASDAQ:SAIA) last posted its earnings results on Thursday, April 30th. The transportation company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $0.04. Saia had a return on equity of 9.60% and a net margin of 7.84%.The company had revenue of $806.23 million for the quarter, compared to the consensus estimate of $789.08 million. During the same period in the previous year, the business earned $1.86 earnings per share. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. Equities research analysts anticipate that Saia will post 11.4 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Lincoln Capital Corp purchased a new stake in shares of Saia in the 4th quarter worth approximately $1,371,000. M&T Bank Corp boosted its stake in shares of Saia by 383.7% during the fourth quarter. M&T Bank Corp now owns 26,524 shares of the transportation company’s stock valued at $8,661,000 after purchasing an additional 21,041 shares in the last quarter. Lecap Asset Management Ltd. purchased a new position in Saia during the fourth quarter valued at approximately $1,692,000. Hudson Bay Capital Management LP purchased a new position in Saia during the third quarter valued at approximately $9,389,000. Finally, Segall Bryant & Hamill LLC raised its stake in Saia by 53.5% in the third quarter. Segall Bryant & Hamill LLC now owns 48,584 shares of the transportation company’s stock worth $14,544,000 after buying an additional 16,929 shares in the last quarter.

Saia Company Profile

Saia, Inc is a publicly traded transportation company specializing in less-than-truckload (LTL) freight services across North America. Headquartered in Johns Creek, Georgia, the company focuses on the efficient movement of time-sensitive freight for a diverse customer base that spans retail, manufacturing, automotive, and healthcare industries. By leveraging a network of terminals and service centers, Saia provides tailored solutions designed to optimize supply chain performance.

The company’s core offerings include regional, interregional, and national LTL shipping, supported by volumetric LTL and port intermodal services.