Saia, Inc. (NASDAQ:SAIA) Receives $343.55 Average Price Target from Analysts

Saia, Inc. (NASDAQ:SAIA) has earned an average recommendation of “Hold” from the twenty-four research firms that are covering the stock, MarketBeat Ratings reports. Thirteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $339.25.

SAIA has been the topic of a number of analyst reports. Wells Fargo & Company decreased their price target on Saia from $365.00 to $330.00 and set an “equal weight” rating on the stock in a research note on Monday, October 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Saia in a report on Monday, December 29th. Susquehanna increased their target price on shares of Saia from $350.00 to $390.00 and gave the company a “positive” rating in a report on Monday, January 5th. Stifel Nicolaus boosted their price target on Saia from $292.00 to $343.00 and gave the stock a “hold” rating in a research note on Tuesday, December 16th. Finally, Evercore ISI dropped their price objective on Saia from $328.00 to $319.00 and set an “outperform” rating for the company in a research note on Friday, October 31st.

Saia Stock Performance

NASDAQ SAIA opened at $366.96 on Thursday. Saia has a 1 year low of $229.12 and a 1 year high of $538.03. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.68 and a quick ratio of 1.68. The company has a market capitalization of $9.78 billion, a PE ratio of 34.65 and a beta of 2.09. The company has a fifty day moving average of $310.97 and a two-hundred day moving average of $303.64.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Thursday, October 30th. The transportation company reported $2.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.53 by $0.28. The firm had revenue of $839.64 million for the quarter, compared to the consensus estimate of $824.06 million. Saia had a return on equity of 11.32% and a net margin of 8.77%.The firm’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter last year, the business posted $3.46 EPS. As a group, analysts expect that Saia will post 15.46 earnings per share for the current year.

Insider Buying and Selling at Saia

In other Saia news, VP Raymond R. Ramu sold 1,000 shares of the company’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $266.57, for a total value of $266,570.00. Following the sale, the vice president owned 4,902 shares of the company’s stock, valued at approximately $1,306,726.14. This represents a 16.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Donna E. Epps purchased 422 shares of the business’s stock in a transaction dated Wednesday, November 26th. The shares were purchased at an average cost of $277.60 per share, with a total value of $117,147.20. Following the purchase, the director directly owned 1,852 shares in the company, valued at approximately $514,115.20. The trade was a 29.51% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Saia

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SAIA. State of Wyoming purchased a new stake in shares of Saia in the third quarter valued at about $30,000. Parkside Financial Bank & Trust increased its stake in shares of Saia by 177.5% during the 2nd quarter. Parkside Financial Bank & Trust now owns 111 shares of the transportation company’s stock worth $30,000 after purchasing an additional 71 shares in the last quarter. Allworth Financial LP raised its position in shares of 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 purchasing an additional 58 shares during the last quarter. AlphaQuest LLC purchased a new stake in Saia in the 2nd quarter valued at approximately $41,000. Finally, Annis Gardner Whiting Capital Advisors LLC lifted its stake in Saia by 6,400.0% in the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 195 shares of the transportation company’s stock valued at $58,000 after buying an additional 192 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.