Saia, Inc. (NASDAQ:SAIA) Given Consensus Rating of “Hold” by Analysts

Shares of Saia, Inc. (NASDAQ:SAIA) have been given an average rating of “Hold” by the twenty-one analysts that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $456.9444.

A number of analysts have recently issued reports on SAIA shares. Wall Street Zen upgraded shares of Saia from a “sell” rating to a “hold” rating in a research note on Monday, May 4th. Evercore raised shares of Saia from an “in-line” rating to an “outperform” rating in a report on Wednesday. Raymond James Financial reaffirmed an “outperform” rating and set a $477.00 price target on shares of Saia in a research note on Friday, May 1st. Wolfe Research upgraded shares of Saia from a “peer perform” rating to an “outperform” rating in a report on Tuesday, April 7th. Finally, Morgan Stanley reissued an “underweight” rating and issued a $265.00 price objective on shares of Saia in a research report on Friday, May 1st.

Saia Price Performance

Shares of NASDAQ SAIA opened at $418.15 on Thursday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.52 and a quick ratio of 1.52. Saia has a 1-year low of $249.32 and a 1-year high of $494.71. The company has a market capitalization of $11.15 billion, a price-to-earnings ratio of 43.92, a PEG ratio of 2.01 and a beta of 2.13. The business has a 50-day moving average of $450.95 and a 200-day moving average of $394.40.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.82 by $0.04. The firm had revenue of $806.23 million for the quarter, compared to analyst estimates of $789.08 million. Saia had a return on equity of 9.60% and a net margin of 7.84%.Saia’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.86 EPS. On average, equities analysts anticipate that Saia will post 11.4 EPS for the current fiscal year.

Institutional Trading of Saia

Several institutional investors have recently added to or reduced their stakes in SAIA. Vestor Capital LLC grew its holdings in Saia by 9.5% during the 4th quarter. Vestor Capital LLC now owns 323 shares of the transportation company’s stock worth $96,000 after acquiring an additional 28 shares in the last quarter. Parallel Advisors LLC raised 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 raised 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. Boothbay Fund Management LLC lifted its position in shares of Saia by 3.2% during the second quarter. Boothbay Fund Management LLC now owns 1,401 shares of the transportation company’s stock worth $384,000 after purchasing an additional 43 shares during the last quarter. Finally, Vident Advisory LLC lifted its position in shares of Saia by 4.4% during the second quarter. Vident Advisory LLC now owns 1,075 shares of the transportation company’s stock worth $295,000 after purchasing an additional 45 shares during the last quarter.

About Saia

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.