Saia, Inc. (NASDAQ:SAIA) Receives $462.72 Consensus PT from Brokerages

Saia, Inc. (NASDAQ:SAIA) has been given an average recommendation of “Moderate Buy” by the twenty-one analysts that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $462.7222.

Several equities research analysts have recently issued reports on the stock. Wolfe Research upgraded shares of Saia from a “peer perform” rating to an “outperform” rating in a report on Tuesday, April 7th. BMO Capital Markets upped their target price on Saia from $450.00 to $470.00 and gave the stock a “market perform” rating in a report on Thursday, June 4th. Morgan Stanley upped their price target on shares of Saia from $265.00 to $295.00 and gave the stock an “underweight” rating in a research report on Monday, July 6th. Bank of America upgraded shares of Saia from a “neutral” rating to a “buy” rating and raised their target price for the company from $499.00 to $502.00 in a research note on Monday, July 13th. Finally, Stephens raised Saia to a “strong-buy” rating in a research report on Wednesday, July 8th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SAIA. Quarry LP lifted its holdings 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 during the period. Los Angeles Capital Management LLC purchased a new stake in Saia in the fourth quarter valued at approximately $36,000. Torren Management LLC acquired a new position in Saia in the 4th quarter worth approximately $40,000. Larson Financial Group LLC increased its holdings in Saia by 1,612.5% in the 4th quarter. Larson Financial Group LLC now owns 137 shares of the transportation company’s stock worth $45,000 after buying an additional 129 shares during the period. Finally, Allworth Financial LP raised its position in Saia by 69.0% during the 3rd quarter. Allworth Financial LP now owns 142 shares of the transportation company’s stock worth $43,000 after buying an additional 58 shares during the last quarter.

Saia Stock Performance

SAIA opened at $394.44 on Monday. The stock has a market capitalization of $10.52 billion, a price-to-earnings ratio of 41.43, a PEG ratio of 1.92 and a beta of 2.13. The company has a fifty day moving average of $441.98 and a 200 day moving average of $406.34. Saia has a fifty-two week low of $249.32 and a fifty-two week high of $494.71. 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, beating analysts’ consensus estimates of $1.82 by $0.04. The company had revenue of $806.23 million for the quarter, compared to the consensus estimate of $789.08 million. Saia had a net margin of 7.84% and a return on equity of 9.60%. Saia’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.86 EPS. As a group, sell-side analysts forecast that Saia will post 11.46 earnings per share for the current fiscal year.

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.