Saia, Inc. (NASDAQ:SAIA) Stock Has Average Target Price of $441.00 According to Brokerages

Saia, Inc. (NASDAQ:SAIA) has been assigned an average recommendation of “Moderate Buy” from the twenty-one ratings firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and fourteen have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $441.00.

A number of research analysts recently commented on SAIA shares. Sanford C. Bernstein started coverage on shares of Saia in a report on Thursday, September 10th. They issued an “outperform” rating and a $439.00 price target for the company. Bank of America reissued a “buy” rating on shares of Saia in a research note on Friday, September 4th. Stephens decreased their price objective on Saia from $520.00 to $490.00 and set an “overweight” rating on the stock in a research report on Friday, July 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Saia in a research note on Monday, August 3rd. Finally, Morgan Stanley lowered their price objective on Saia from $295.00 to $285.00 and set an “underweight” rating for the company in a research note on Friday, July 31st.

Saia Trading Up 0.2%

SAIA stock opened at $337.52 on Friday. The firm has a fifty day moving average price of $350.51 and a 200 day moving average price of $399.96. 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 1.58 and a current ratio of 1.58. The firm has a market cap of $9.00 billion, a PE ratio of 32.58, a price-to-earnings-growth ratio of 2.72 and a beta of 2.19.

Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Thursday, July 30th. The transportation company reported $3.51 earnings per share for the quarter, topping the consensus estimate of $3.38 by $0.13. Saia had a net margin of 8.19% and a return on equity of 10.21%. The company had revenue of $956.49 million for the quarter, compared to analysts’ expectations of $956.20 million. During the same quarter in the previous year, the business posted $2.67 earnings per share. Saia’s quarterly revenue was up 17.1% on a year-over-year basis. Sell-side analysts anticipate that Saia will post 11.42 earnings per share for the current fiscal year.

Institutional Trading of Saia

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake 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 during the period. State Street Corp raised its stake in shares of Saia by 3.4% in the second quarter. State Street Corp now owns 854,398 shares of the transportation company’s stock valued at $359,862,000 after acquiring an additional 28,397 shares during the period. First Trust Advisors LP raised its stake in shares of Saia by 8.6% in the first quarter. First Trust Advisors LP now owns 804,284 shares of the transportation company’s stock valued at $282,529,000 after acquiring an additional 63,486 shares during the period. Jupiter Topco LLC purchased a new stake in shares of Saia in the second quarter valued at $140,979,000. Finally, William Blair Investment Management LLC bought a new stake in shares of Saia in the 2nd quarter worth about $109,089,000.

About Saia

Saia, Inc is a transportation and logistics company headquartered in Johns Creek, Georgia. Its primary business is less-than-truckload (LTL) freight transportation, serving shippers whose shipments do not require a full truck. Through its Saia LTL Freight subsidiary, the company provides regional and interregional freight services, including standard, expedited and time-definite delivery options.

Saia also provides third-party logistics services through Saia Logistics Services. These offerings can include the coordination of truckload, LTL, intermodal and other transportation solutions, allowing customers to manage a broader range of shipping needs through one provider.

The company traces its history to 1924, when it began operations in Louisiana.