Saia, Inc. (NASDAQ:SAIA) Stock Rated “Moderate Buy” by Sell-Side Analysts

Saia, Inc. (NASDAQ:SAIA) has received an average recommendation of “Moderate Buy” from the twenty-one brokerages that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $432.26.

Several research firms have weighed in on SAIA. Citigroup lifted their target price on Saia from $429.00 to $434.00 and gave the stock a “buy” rating in a report on Friday, October 30th. Stephens lowered their price target on Saia from $520.00 to $490.00 and set an “overweight” rating for the company in a report on Friday, July 31st. Barclays lowered their price target on Saia from $500.00 to $475.00 and set an “overweight” rating for the company in a report on Friday, July 31st. Wells Fargo & Company dropped their price target on Saia from $400.00 to $370.00 and set an “equal weight” rating on the stock in a research report on Friday, October 30th. Finally, UBS Group cut their price objective on Saia from $504.00 to $430.00 and set a “buy” rating on the stock in a report on Friday, October 30th.

Institutional Trading of Saia

A number of large investors have recently bought and sold shares of SAIA. Danske Bank A S acquired a new stake in shares of Saia in the second quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Saia in the second quarter worth $27,000. Meeder Asset Management Inc. lifted its position in shares of Saia by 360.0% in the second quarter. Meeder Asset Management Inc. now owns 69 shares of the transportation company’s stock worth $29,000 after purchasing an additional 54 shares in the last quarter. Fulcrum Asset Management LLP acquired a new position in Saia during the third quarter worth $31,000. Finally, Root Financial Partners LLC acquired a new position in Saia during the third quarter worth $33,000.

Saia Stock Performance

Shares of NASDAQ SAIA opened at $331.90 on Wednesday. The company’s fifty day moving average is $341.60 and its 200-day moving average is $387.37. The stock has a market cap of $8.86 billion, a price-to-earnings ratio of 31.46, a P/E/G ratio of 2.52 and a beta of 2.09. Saia has a twelve month low of $249.32 and a twelve month high of $494.71. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.04.

Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Thursday, October 29th. The transportation company reported $3.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.30 by $0.11. Saia had a net margin of 8.01% and a return on equity of 10.53%. The company had revenue of $982.45 million during the quarter, compared to analyst estimates of $966.98 million. During the same quarter in the previous year, the business earned $2.81 EPS. The firm’s revenue was up 17.0% on a year-over-year basis. Equities research analysts predict that Saia will post 11.51 EPS for the current year.

Saia Company Profile

Saia, Inc is a transportation company best known for its less-than-truckload (LTL) freight services, which combine shipments from multiple customers in a single truck. Its offerings include regional and interregional freight transportation, expedited and guaranteed services, and logistics solutions.

Founded in 1924 in Houma, Louisiana, Saia has grown from a regional carrier into a network serving the contiguous United States. The company is headquartered in Johns Creek, Georgia, and also arranges service to Canada and Mexico through its transportation network and partners.

Saia’s principal operating subsidiary is Saia LTL Freight.