Saia (NASDAQ:SAIA) Stock Gets Price Target Boost from Citigroup

Saia (NASDAQ:SAIA) had its price target increased by Citigroup from $429.00 to $434.00 in a research report issued on Friday, Benzinga reports. The firm currently has a “buy” rating on the transportation company’s stock. Citigroup‘s price target indicates a potential upside of 25.94% from the company’s current price.

Other equities analysts also recently issued reports about the stock. TD Cowen lowered their price objective on shares of Saia from $400.00 to $393.00 and set a “hold” rating for the company in a research note on Friday. JPMorgan Chase & Co. reduced their price target on Saia from $490.00 to $463.00 and set an “overweight” rating on the stock in a report on Monday, October 5th. Raymond James Financial restated an “outperform” rating and set a $410.00 price target on shares of Saia in a report on Thursday, October 15th. Morgan Stanley dropped their price objective on Saia from $295.00 to $285.00 and set an “underweight” rating for the company in a report on Friday, July 31st. Finally, Susquehanna cut their price objective on Saia from $412.00 to $360.00 and set a “neutral” rating on the stock in a research report on Friday, October 2nd. Fourteen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $435.89.

Saia Stock Performance

Shares of SAIA traded up $1.54 during trading hours on Friday, hitting $344.61. The company’s stock had a trading volume of 560,546 shares, compared to its average volume of 464,325. The company has a market cap of $9.19 billion, a price-to-earnings ratio of 33.26, a PEG ratio of 2.62 and a beta of 2.19. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.58 and a quick ratio of 1.58. The business has a 50 day simple moving average of $342.33 and a two-hundred day simple moving average of $387.61. Saia has a 52-week low of $249.32 and a 52-week high of $494.71.

Saia (NASDAQ:SAIA) last posted its quarterly earnings results on Thursday, October 29th. The transportation company reported $3.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.30 by $0.11. The company had revenue of $982.45 million for the quarter, compared to analyst estimates of $966.98 million. Saia had a net margin of 8.19% and a return on equity of 10.21%. The company’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.81 earnings per share. On average, equities analysts expect that Saia will post 11.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Saia

Institutional investors have recently modified their holdings of the stock. Danske Bank A S purchased a new position in Saia during the second quarter valued at $25,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Saia in the second quarter valued at about $27,000. Meeder Asset Management Inc. increased its stake in shares of Saia by 360.0% during the second quarter. Meeder Asset Management Inc. now owns 69 shares of the transportation company’s stock worth $29,000 after purchasing an additional 54 shares in the last quarter. Root Financial Partners LLC purchased a new stake in shares of Saia during the third quarter worth about $33,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Saia during the second quarter worth about $64,000.

More Saia News

Here are the key news stories impacting Saia this week:

• Positive Sentiment: Quarterly results exceeded expectations: Saia reported record third-quarter revenue of $982.5 million, up 17% year over year, and diluted EPS of $3.41, topping analyst estimates near $3.30–$3.31. Operating income rose 3.1% to $122.3 million. Saia Q3 earnings and revenues top estimates
• Positive Sentiment: Expansion is contributing to growth: Record LTL tonnage per workday increased 8.9%, while revenue per shipment excluding fuel surcharges rose 5.8%, suggesting network expansion, pricing and mix improvements are helping Saia gain volume and market share. Saia expansion terminals deliver improved Q3 results
• Positive Sentiment: $250 million buyback authorized: The repurchase program signals management’s confidence in Saia’s cash generation and could support per-share results. Year-to-date free cash flow exceeded $240 million, while the company ended the quarter with $202.5 million of cash and $100 million of debt. Saia reports Q3 revenue and announces repurchase program
• Neutral Sentiment: Board strengthened: Transportation and logistics veteran Todd C. Fowler joined Saia’s board and Audit Committee, adding capital-markets, autonomous-trucking and supply-chain expertise. Saia appoints Todd Fowler to board
• Negative Sentiment: Wells Fargo lowered its price target: The firm cut its target from $400 to $370 and assigned an “equal weight” rating, reflecting a more cautious view despite the remaining implied upside. Wells Fargo analyst recommendations
• Negative Sentiment: Margins remain a concern: The operating ratio increased to 87.6% from 85.9% a year earlier, indicating that costs are rising faster than operating income and could temper the benefit of strong revenue growth.

Saia Company Profile

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.