Saia Upgraded by Zacks to “Outperform” (SAIA)
Saia (NASDAQ:SAIA) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report issued on Friday. The firm currently has a $49.20 price objective on the stock. Zacks‘s target price would indicate a potential upside of 7.75% from the stock’s previous close.
Separately, analysts at Wunderlich reiterated a “buy” rating on shares of Saia in a research note on Thursday. They now have a $54.00 price target on the stock, up previously from $48.00. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $46.24.
Shares of Saia (NASDAQ:SAIA) opened at 45.66 on Friday. Saia has a 1-year low of $27.95 and a 1-year high of $47.94. The stock’s 50-day moving average is $44.53 and its 200-day moving average is $39.57. The company has a market cap of $1.118 billion and a price-to-earnings ratio of 26.85.
Saia (NASDAQ:SAIA) last released its earnings data on Wednesday, July 30th. The company reported $0.53 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.70 by $0.17. The company had revenue of $330.00 million for the quarter, compared to the consensus estimate of $321.33 million. During the same quarter in the prior year, the company posted $0.54 earnings per share. The company’s quarterly revenue was up 12.9% on a year-over-year basis. Analysts expect that Saia will post $2.06 EPS for the current fiscal year.
Saia, Inc (NASDAQ:SAIA), through its wholly owned subsidiaries, is a transportation company.
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