Brokerages Set Saia, Inc. (NASDAQ:SAIA) PT at $444.94

Shares of Saia, Inc. (NASDAQ:SAIA) have received an average rating of “Hold” from the twenty-one ratings firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and ten have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $444.9444.

Several equities analysts recently weighed in on SAIA shares. TD Cowen lifted their price target on Saia from $367.00 to $445.00 and gave the company a “hold” rating in a research note on Friday, May 1st. Stifel Nicolaus set a $450.00 price target on Saia in a research note on Friday, May 1st. Weiss Ratings upgraded Saia from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Benchmark increased their target price on Saia from $425.00 to $500.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Finally, Wells Fargo & Company increased their target price on Saia from $395.00 to $445.00 and gave the company an “equal weight” rating in a research report on Friday, May 1st.

Saia Stock Performance

Shares of NASDAQ SAIA opened at $460.38 on Wednesday. The company’s fifty day moving average price is $389.52 and its 200 day moving average price is $355.49. Saia has a 1 year low of $248.37 and a 1 year high of $463.12. The company has a market capitalization of $12.28 billion, a PE ratio of 48.36, a price-to-earnings-growth ratio of 2.20 and a beta of 2.12. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.52 and a current ratio of 1.52.

Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.82 by $0.04. Saia had a net margin of 7.84% and a return on equity of 9.60%. The firm had revenue of $806.23 million for the quarter, compared to the consensus estimate of $789.08 million. During the same period in the prior year, the firm posted $1.86 earnings per share. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. On average, research analysts predict that Saia will post 11.36 earnings per share for the current year.

Institutional Trading of Saia

Institutional investors and hedge funds have recently modified their holdings of the stock. Quarry LP increased its stake in shares of Saia by 8,400.0% during the fourth quarter. Quarry LP now owns 85 shares of the transportation company’s stock worth $28,000 after purchasing an additional 84 shares in the last quarter. State of Wyoming purchased a new position in shares of Saia in the third quarter valued at approximately $30,000. Los Angeles Capital Management LLC purchased a new position in shares of Saia in the fourth quarter valued at approximately $36,000. Torren Management LLC purchased a new position in shares of Saia in the fourth quarter valued at approximately $40,000. Finally, Allworth Financial LP lifted its position in shares of Saia by 69.0% in the third quarter. Allworth Financial LP now owns 142 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 58 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.