Saia, Inc. (NASDAQ:SAIA) Receives $449.67 Average Price Target from Analysts

Saia, Inc. (NASDAQ:SAIA) has been assigned a consensus rating of “Moderate Buy” from the twenty-one ratings firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and thirteen have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $449.6667.

Several equities research analysts have recently issued reports on the stock. TD Cowen lowered their target price on shares of Saia from $445.00 to $400.00 and set a “hold” rating for the company in a report on Friday, July 31st. Barclays cut their price target on shares of Saia from $500.00 to $475.00 and set an “overweight” rating on the stock in a report on Friday, July 31st. Weiss Ratings reissued a “hold (c)” rating on shares of Saia in a research report on Monday, August 3rd. Benchmark reissued a “buy” rating on shares of Saia in a research report on Wednesday, June 3rd. Finally, UBS Group decreased their price objective on shares of Saia from $527.00 to $504.00 and set a “buy” rating for the company in a research note on Friday, July 31st.

Saia Stock Performance

Shares of SAIA stock opened at $362.15 on Friday. The company has a market cap of $9.66 billion, a PE ratio of 34.96, a price-to-earnings-growth ratio of 1.63 and a beta of 2.14. Saia has a 1 year low of $249.32 and a 1 year high of $494.71. The stock’s 50 day simple moving average is $405.76 and its two-hundred day simple moving average is $407.62. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.58 and a quick ratio of 1.58.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Thursday, July 30th. The transportation company reported $3.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.38 by $0.13. The company had revenue of $956.49 million during the quarter, compared to the consensus estimate of $956.20 million. Saia had a return on equity of 10.21% and a net margin of 8.19%.Saia’s revenue was up 17.1% on a year-over-year basis. During the same period last year, the company earned $2.67 earnings per share. Research analysts predict that Saia will post 11.44 earnings per share for the current year.

Institutional Investors Weigh In On Saia

Several hedge funds and other institutional investors have recently modified their holdings of SAIA. AQR Capital Management LLC grew its position in Saia by 52.4% in the 1st quarter. AQR Capital Management LLC now owns 1,781 shares of the transportation company’s stock valued at $622,000 after acquiring an additional 612 shares during the last quarter. Jones Financial Companies Lllp lifted its position in shares of Saia by 334.3% during the first quarter. Jones Financial Companies Lllp now owns 873 shares of the transportation company’s stock worth $305,000 after purchasing an additional 672 shares during the last quarter. California Public Employees Retirement System boosted its stake in shares of Saia by 4.3% during the second quarter. California Public Employees Retirement System now owns 32,543 shares of the transportation company’s stock valued at $8,916,000 after purchasing an additional 1,356 shares during the period. Qube Research & Technologies Ltd purchased a new stake in shares of Saia during the second quarter valued at $11,599,000. Finally, Frontier Capital Management Co. LLC bought a new position in shares of Saia in the second quarter worth about $13,943,000.

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.