Saia, Inc. (NASDAQ:SAIA) Receives Average Recommendation of “Hold” from Analysts

by · The Cerbat Gem

Shares of Saia, Inc. (NASDAQ:SAIA – Get Free Report) have earned a consensus rating of “Hold” from the twenty-one brokerages that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and ten have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $453.5556.

A number of brokerages recently issued reports on SAIA. Evercore set a $476.00 price objective on shares of Saia in a report on Friday, May 1st. Weiss Ratings upgraded shares of Saia from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Stifel Nicolaus set a $450.00 price objective on shares of Saia in a report on Friday, May 1st. BMO Capital Markets boosted their price objective on shares of Saia from $450.00 to $470.00 and gave the company a “market perform” rating in a report on Thursday, June 4th. Finally, Jefferies Financial Group boosted their price objective on shares of Saia from $500.00 to $550.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd.

Get Our Latest Report on SAIA

Saia Stock Down 0.9%

Shares of NASDAQ:SAIA opened at $482.87 on Friday. Saia has a one year low of $249.32 and a one year high of $494.71. The company has a 50 day moving average of $441.15 and a 200-day moving average of $382.46. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.52 and a quick ratio of 1.52. The stock has a market cap of $12.88 billion, a price-to-earnings ratio of 50.72, a P/E/G ratio of 2.30 and a beta of 2.10.

Saia (NASDAQ:SAIA – Get Free Report) last issued 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. Saia had a net margin of 7.84% and a return on equity of 9.60%. The company had revenue of $806.23 million during the quarter, compared to analysts’ expectations of $789.08 million. During the same quarter in the previous year, the company earned $1.86 EPS. Saia’s revenue was up 2.4% on a year-over-year basis. On average, sell-side analysts forecast that Saia will post 11.4 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Quarry LP boosted its holdings in shares of Saia by 8,400.0% in the fourth quarter. Quarry LP now owns 85 shares of the transportation company’s stock valued at $28,000 after buying an additional 84 shares during the period. State of Wyoming acquired a new position in shares of Saia in the third quarter valued at approximately $30,000. Los Angeles Capital Management LLC acquired a new position in shares of Saia in the fourth quarter valued at approximately $36,000. Torren Management LLC acquired a new position in shares of Saia in the fourth quarter valued at approximately $40,000. Finally, Larson Financial Group LLC boosted its holdings 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 buying an additional 129 shares during the period.

About Saia

(Get Free Report)

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.

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