Saia, Inc. (NASDAQ:SAIA) Receives $448.37 Average Target Price from Analysts

Saia, Inc. (NASDAQ:SAIA) has been given an average recommendation of “Moderate Buy” by the twenty-one ratings firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $448.3684.

SAIA has been the subject of a number of recent analyst reports. UBS Group cut their price target on shares of Saia from $527.00 to $504.00 and set a “buy” rating for the company in a research note on Friday, July 31st. Barclays lowered their price objective on shares of Saia from $500.00 to $475.00 and set an “overweight” rating on the stock in a research note on Friday, July 31st. Susquehanna upped their target price on shares of Saia from $465.00 to $470.00 and gave the company a “neutral” rating in a report on Tuesday, July 14th. Stephens cut their target price on shares of Saia from $520.00 to $490.00 and set an “overweight” rating for the company in a research note on Friday, July 31st. Finally, Evercore upgraded Saia from an “in-line” rating to an “outperform” rating in a report on Wednesday, July 1st.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Danske Bank A S acquired a new stake in shares of Saia during the 2nd quarter worth about $25,000. Caitong International Asset Management Co. Ltd bought a new position in Saia in the 2nd quarter valued at about $27,000. Meeder Asset Management Inc. raised its holdings in Saia by 360.0% in the 2nd 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. Larson Financial Group LLC boosted its position in shares of Saia by 1,612.5% in the fourth quarter. Larson Financial Group LLC now owns 137 shares of the transportation company’s stock valued at $45,000 after acquiring an additional 129 shares during the period. Finally, Quantbot Technologies LP acquired a new position in shares of Saia during the 2nd quarter worth approximately $64,000.

Saia Trading Down 0.5%

Shares of Saia stock opened at $341.80 on Tuesday. Saia has a 12-month low of $249.32 and a 12-month high of $494.71. The stock has a market cap of $9.12 billion, a P/E ratio of 32.99, a P/E/G ratio of 2.77 and a beta of 2.14. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.04. The business’s 50 day moving average is $375.00 and its 200-day moving average is $401.37.

Saia (NASDAQ:SAIA) last released its quarterly earnings data on Thursday, July 30th. The transportation company reported $3.51 EPS for the quarter, beating the consensus estimate of $3.38 by $0.13. The company had revenue of $956.49 million during the quarter, compared to the consensus estimate of $956.20 million. Saia had a return on equity of 10.21% and a net margin of 8.19%.The firm’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.67 EPS. Equities research analysts predict that Saia will post 11.43 earnings per share for the current fiscal year.

Saia Company Profile

Saia, Inc is a transportation and logistics company headquartered in Johns Creek, Georgia. Its principal operating subsidiary, Saia LTL Freight, provides less-than-truckload transportation, moving shipments from multiple customers in a single trailer. The company serves businesses across the contiguous United States and offers regional, interregional and long-distance freight services.

Saia’s services include standard and expedited LTL shipping, guaranteed delivery options, volume and truckload solutions, and specialized transportation for certain freight needs.