Saia (NASDAQ:SAIA) Stock Price Down 11.2% – What’s Next?

Shares of Saia, Inc. (NASDAQ:SAIA) traded down 11.2% during trading on Thursday . The stock traded as low as $359.06 and last traded at $350.3480. 282,348 shares traded hands during trading, a decline of 42% from the average daily volume of 484,620 shares. The stock had previously closed at $394.44.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Wolfe Research raised Saia from a “peer perform” rating to an “outperform” rating in a report on Tuesday, April 7th. Citigroup upgraded Saia from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $524.00 to $488.00 in a report on Thursday, July 9th. Jefferies Financial Group boosted their target price on Saia from $500.00 to $550.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Evercore raised Saia from an “in-line” rating to an “outperform” rating in a report on Wednesday, July 1st. Finally, Susquehanna increased their price target on Saia from $465.00 to $470.00 and gave the company a “neutral” rating in a research report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $462.72.

Saia Stock Down 11.3%

The business’s 50 day moving average is $441.98 and its 200 day moving average is $406.34. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.52 and a current ratio of 1.52. The stock has a market cap of $9.33 billion, a price-to-earnings ratio of 36.95, a price-to-earnings-growth ratio of 1.92 and a beta of 2.13.

Saia (NASDAQ:SAIA) last announced its earnings results on Thursday, July 30th. The transportation company reported $3.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.38 by $0.13. Saia had a net margin of 7.84% and a return on equity of 9.60%. The business’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.67 EPS. Equities analysts expect that Saia, Inc. will post 11.46 earnings per share for the current year.

Institutional Investors Weigh In On Saia

Several hedge funds have recently bought and sold shares of the business. Quarry LP boosted its position in Saia by 8,400.0% during the 4th quarter. Quarry LP now owns 85 shares of the transportation company’s stock worth $28,000 after acquiring an additional 84 shares during the period. Los Angeles Capital Management LLC purchased a new stake in Saia in the 4th quarter worth approximately $36,000. Torren Management LLC acquired a new stake in shares of Saia during the 4th quarter valued at $40,000. Allworth Financial LP boosted its stake in shares of Saia by 69.0% during the 3rd quarter. Allworth Financial LP now owns 142 shares of the transportation company’s stock valued at $43,000 after buying an additional 58 shares during the period. Finally, Larson Financial Group LLC grew its holdings in shares of Saia by 1,612.5% during the 4th quarter. Larson Financial Group LLC now owns 137 shares of the transportation company’s stock valued at $45,000 after acquiring an additional 129 shares in the last quarter.

About Saia

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.