Saia, Inc. (NASDAQ:SAIA) Receives Average Rating of “Hold” from Analysts

Saia, Inc. (NASDAQ:SAIA) has earned a consensus recommendation of “Hold” from the twenty-one research firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $444.9444.

A number of equities analysts have recently commented on the stock. Stephens increased their price target on shares of Saia from $414.00 to $445.00 and gave the stock an “overweight” rating in a report on Wednesday, February 11th. Wolfe Research raised shares of Saia from a “peer perform” rating to an “outperform” rating in a report on Tuesday, April 7th. Barclays increased their price target on shares of Saia from $400.00 to $500.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Raymond James Financial reissued an “outperform” rating and issued a $477.00 price target on shares of Saia in a report on Friday, May 1st. Finally, Wells Fargo & Company increased their price target on shares of Saia from $395.00 to $445.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st.

Hedge Funds Weigh In On Saia

A number of institutional investors have recently made changes to their positions in the stock. Vestor Capital LLC increased its holdings in shares of Saia by 9.5% in the 4th quarter. Vestor Capital LLC now owns 323 shares of the transportation company’s stock worth $96,000 after buying an additional 28 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of Saia by 5.8% in the 4th quarter. Parallel Advisors LLC now owns 563 shares of the transportation company’s stock valued at $184,000 after purchasing an additional 31 shares in the last quarter. Wealth Alliance LLC boosted its stake in shares of Saia by 5.1% in the 1st quarter. Wealth Alliance LLC now owns 763 shares of the transportation company’s stock valued at $268,000 after purchasing an additional 37 shares in the last quarter. GHP Investment Advisors Inc. boosted its stake in shares of Saia by 0.5% in the 3rd quarter. GHP Investment Advisors Inc. now owns 8,182 shares of the transportation company’s stock valued at $2,449,000 after purchasing an additional 38 shares in the last quarter. Finally, Boothbay Fund Management LLC boosted its stake in shares of Saia by 3.2% in the 2nd quarter. Boothbay Fund Management LLC now owns 1,401 shares of the transportation company’s stock valued at $384,000 after purchasing an additional 43 shares in the last quarter.

Saia Stock Performance

Saia stock opened at $460.38 on Wednesday. The firm’s 50 day simple moving average is $389.52 and its 200 day simple moving average is $355.96. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $12.28 billion, a PE ratio of 48.36, a price-to-earnings-growth ratio of 2.20 and a beta of 2.12. Saia has a 1-year low of $248.37 and a 1-year high of $463.12.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $0.04. The business had revenue of $806.23 million during the quarter, compared to analysts’ expectations of $789.08 million. Saia had a net margin of 7.84% and a return on equity of 9.60%. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.86 EPS. As a group, analysts expect that Saia will post 11.36 earnings per share for the current fiscal year.

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.