Saia, Inc. (NASDAQ:SAIA) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Saia, Inc. (NASDAQ:SAIA) have earned an average rating of “Moderate Buy” from the twenty-one analysts that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $462.7222.

A number of equities analysts have recently weighed in on the company. Stephens upgraded Saia to a “strong-buy” rating in a research note on Wednesday, July 8th. Wells Fargo & Company boosted their price target on Saia from $445.00 to $490.00 and gave the company an “equal weight” rating in a research note on Friday, June 5th. TD Cowen upped their price objective on Saia from $367.00 to $445.00 and gave the company a “hold” rating in a report on Friday, May 1st. Bank of America raised Saia from a “neutral” rating to a “buy” rating and upped their price objective for the company from $499.00 to $502.00 in a report on Monday, July 13th. Finally, UBS Group lifted their target price on Saia from $493.00 to $527.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th.

Hedge Funds Weigh In On Saia

Hedge funds have recently bought and sold shares of the business. Quarry LP raised its stake in Saia by 8,400.0% in the 4th quarter. Quarry LP now owns 85 shares of the transportation company’s stock worth $28,000 after purchasing an additional 84 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Saia during the 4th quarter worth approximately $36,000. Torren Management LLC acquired a new position in shares of Saia during the 4th quarter worth approximately $40,000. Allworth Financial LP grew its position in shares of Saia by 69.0% during the 3rd quarter. Allworth Financial LP now owns 142 shares of the transportation company’s stock worth $43,000 after purchasing an additional 58 shares in the last quarter. Finally, Larson Financial Group LLC increased its holdings in shares of Saia by 1,612.5% during the fourth quarter. Larson Financial Group LLC now owns 137 shares of the transportation company’s stock worth $45,000 after purchasing an additional 129 shares during the period.

Saia Price Performance

Saia stock opened at $423.68 on Monday. The stock has a market cap of $11.30 billion, a P/E ratio of 44.50, a P/E/G ratio of 1.98 and a beta of 2.13. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.04. Saia has a twelve month low of $249.32 and a twelve month high of $494.71. The company’s 50-day moving average price is $444.97 and its two-hundred day moving average price is $405.39.

Saia (NASDAQ:SAIA) last issued its quarterly earnings data on Thursday, April 30th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $0.04. Saia had a net margin of 7.84% and a return on equity of 9.60%. The firm had revenue of $806.23 million during the quarter, compared to the consensus estimate of $789.08 million. During the same period last year, the business posted $1.86 earnings per share. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. As a group, analysts expect that Saia will post 11.46 EPS for the current year.

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.