Saia (NASDAQ:SAIA) Earns Outperform Rating from Analysts at Sanford C. Bernstein

Equities researchers at Sanford C. Bernstein started coverage on shares of Saia (NASDAQ:SAIA) in a research note issued to investors on Thursday, Briefing.com reports. The brokerage set an “outperform” rating and a $439.00 price target on the transportation company’s stock. Sanford C. Bernstein’s price objective indicates a potential upside of 26.68% from the company’s current price.

Other equities analysts also recently issued research reports about the company. Bank of America reiterated a “buy” rating on shares of Saia in a report on Friday, September 4th. Barclays reduced 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Saia in a report on Monday, August 3rd. UBS Group lowered their target price on shares of Saia from $527.00 to $504.00 and set a “buy” rating on the stock in a research note on Friday, July 31st. Finally, Wells Fargo & Company dropped their target price on shares of Saia from $490.00 to $400.00 and set an “equal weight” rating on the stock in a report on Friday, July 31st. Fourteen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $448.37.

Saia Price Performance

NASDAQ SAIA opened at $346.55 on Thursday. Saia has a fifty-two week low of $249.32 and a fifty-two week high of $494.71. The stock’s 50-day moving average is $383.32 and its two-hundred day moving average is $403.60. The firm has a market cap of $9.24 billion, a P/E ratio of 33.45, a price-to-earnings-growth ratio of 1.57 and a beta of 2.14. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.58 and a quick ratio of 1.58.

Saia (NASDAQ:SAIA) last issued its quarterly earnings data on Thursday, July 30th. The transportation company reported $3.51 EPS for the quarter, beating analysts’ consensus estimates of $3.38 by $0.13. Saia had a return on equity of 10.21% and a net margin of 8.19%.The business had revenue of $956.49 million for the quarter, compared to analyst estimates of $956.20 million. During the same quarter in the prior year, the firm posted $2.67 EPS. The firm’s revenue for the quarter was up 17.1% on a year-over-year basis. On average, analysts anticipate that Saia will post 11.45 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Saia

Large investors have recently bought and sold shares of the stock. Danske Bank A S acquired a new stake in Saia in the 2nd quarter worth $25,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Saia in the second quarter valued at about $27,000. Quarry LP grew its position in 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 buying an additional 84 shares in the last quarter. Meeder Asset Management Inc. increased its stake in Saia by 360.0% during the second quarter. Meeder Asset Management Inc. now owns 69 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 54 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new position in Saia in the 4th quarter valued at approximately $36,000.

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.