Saia, Inc. (NASDAQ:SAIA) Receives $448.37 Consensus Target Price from Analysts

Shares of Saia, Inc. (NASDAQ:SAIA) have received a consensus rating of “Moderate Buy” from the twenty-one ratings firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $448.3684.

A number of brokerages have weighed in on SAIA. JPMorgan Chase & Co. decreased their price objective on Saia from $498.00 to $490.00 and set an “overweight” rating on the stock in a report on Friday, September 4th. Evercore upgraded shares of Saia from an “in-line” rating to an “outperform” rating in a research report on Wednesday, July 1st. Stifel Nicolaus upgraded shares of Saia from a “hold” rating to a “buy” rating and set a $438.00 price target on the stock in a research report on Friday, July 31st. Susquehanna upped their price objective on shares of Saia from $465.00 to $470.00 and gave the company a “neutral” rating in a research note on Tuesday, July 14th. Finally, Barclays dropped their price objective on shares of Saia from $500.00 to $475.00 and set an “overweight” rating for the company in a research note on Friday, July 31st.

Institutional Investors Weigh In On Saia

Large investors have recently made changes to their positions in the stock. BlackRock Inc. lifted its position in Saia by 6.6% during the second quarter. BlackRock Inc. now owns 2,545,731 shares of the transportation company’s stock worth $1,072,160,000 after buying an additional 156,628 shares in the last quarter. First Trust Advisors LP boosted its stake in Saia by 8.6% during the first quarter. First Trust Advisors LP now owns 804,284 shares of the transportation company’s stock worth $282,529,000 after buying an additional 63,486 shares during the last quarter. Jupiter Topco LLC purchased a new stake in Saia in the 2nd quarter valued at $140,979,000. Norges Bank purchased a new stake in Saia in the 4th quarter valued at $130,411,000. Finally, William Blair Investment Management LLC acquired a new stake in shares of Saia in the 2nd quarter worth $109,089,000.

Saia Trading Up 0.1%

SAIA stock opened at $342.22 on Tuesday. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.04. Saia has a 12-month low of $249.32 and a 12-month high of $494.71. The stock has a market cap of $9.13 billion, a price-to-earnings ratio of 33.03, a PEG ratio of 2.76 and a beta of 2.14. The business’s 50-day moving average is $373.43 and its 200 day moving average is $400.96.

Saia (NASDAQ:SAIA) last released its earnings results on Thursday, July 30th. The transportation company reported $3.51 earnings per share for the quarter, beating the consensus estimate of $3.38 by $0.13. The business had revenue of $956.49 million for 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%.The business’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.67 earnings per share. On average, sell-side analysts anticipate that Saia will post 11.43 EPS for the current fiscal year.

About Saia

Saia, Inc is a transportation and logistics company headquartered in Johns Creek, Georgia. Its principal operating subsidiary, Saia LTL Freight, provides less-than-truckload transportation, moving shipments from multiple customers in a single trailer. The company serves businesses across the contiguous United States and offers regional, interregional and long-distance freight services.

Saia’s services include standard and expedited LTL shipping, guaranteed delivery options, volume and truckload solutions, and specialized transportation for certain freight needs.