Saia, Inc. (NASDAQ:SAIA) Stock Has Consensus Price Target of $432.26 According to Analysts

Saia, Inc. (NASDAQ:SAIA) has been given a consensus recommendation of “Moderate Buy” by the twenty-one research firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and fourteen have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $432.26.

SAIA has been the topic of several recent research reports. JPMorgan Chase & Co. raised their price objective on Saia from $463.00 to $468.00 and gave the stock an “overweight” rating in a research note on Friday, October 30th. Jefferies Financial Group reiterated a “buy” rating on shares of Saia in a report on Thursday, October 29th. Raymond James Financial reiterated an “outperform” rating and issued a $410.00 price objective on shares of Saia in a report on Thursday, October 15th. Sanford C. Bernstein initiated coverage on shares of Saia in a report on Thursday, September 10th. They issued an “outperform” rating and a $439.00 price objective for the company. Finally, Wells Fargo & Company dropped their price objective on Saia from $400.00 to $370.00 and set an “equal weight” rating for the company in a research note on Friday, October 30th.

Institutional Trading of Saia

Several institutional investors have recently added to or reduced their stakes in the company. King Luther Capital Management Corp lifted its stake in shares of Saia by 10.5% during the 3rd quarter. King Luther Capital Management Corp now owns 6,975 shares of the transportation company’s stock valued at $2,328,000 after buying an additional 662 shares in the last quarter. Jefferies Financial Group Inc. acquired a new position in shares of Saia during the third quarter valued at $2,508,000. Narwhal Capital Management grew its position in Saia by 159.2% in the third quarter. Narwhal Capital Management now owns 6,132 shares of the transportation company’s stock worth $2,046,000 after acquiring an additional 3,766 shares in the last quarter. Running Oak Capital LLC lifted its position in Saia by 3.8% during the 3rd quarter. Running Oak Capital LLC now owns 25,581 shares of the transportation company’s stock worth $8,537,000 after buying an additional 944 shares in the last quarter. Finally, Fulcrum Asset Management LLP acquired a new position in shares of Saia during the 3rd quarter worth approximately $31,000.

Saia Trading Down 1.0%

Shares of NASDAQ SAIA opened at $331.90 on Wednesday. The stock has a market capitalization of $8.86 billion, a P/E ratio of 33.64, a PEG ratio of 2.69 and a beta of 2.09. Saia has a 1-year low of $249.32 and a 1-year high of $494.71. The business’s 50 day moving average is $341.60 and its two-hundred day moving average is $387.37. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.83 and a quick ratio of 1.83.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Thursday, October 29th. The transportation company reported $3.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.30 by $0.11. Saia had a return on equity of 10.53% and a net margin of 8.01%. The firm had revenue of $982.45 million for the quarter, compared to analyst estimates of $966.98 million. During the same period last year, the company earned $2.81 EPS. The firm’s quarterly revenue was up 17.0% on a year-over-year basis. As a group, research analysts expect that Saia will post 11.51 EPS for the current year.

About Saia

Saia, Inc is a transportation and logistics company headquartered in Johns Creek, Georgia. Through its primary subsidiary, Saia LTL Freight, the company provides less-than-truckload transportation, moving palletized and other freight shipments that do not require a full trailer. Its services include standard and time-definite delivery, expedited transportation, guaranteed services, and shipment tracking.

Saia also provides non-asset-based logistics services through Saia Logistics Services, which helps customers arrange freight transportation using third-party carriers.