Saia, Inc. (NASDAQ:SAIA) Receives $333.84 Consensus PT from Brokerages

by · The Markets Daily

Saia, Inc. (NASDAQ:SAIA – Get Free Report) has earned a consensus rating of “Moderate Buy” from the twenty ratings firms that are currently covering the company, Marketbeat Ratings reports. Ten equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $333.84.

Several brokerages have commented on SAIA. Wells Fargo & Company cut their price target on shares of Saia from $400.00 to $260.00 and set an “equal weight” rating on the stock in a research report on Monday, April 28th. Wall Street Zen raised shares of Saia to a “sell” rating in a report on Tuesday, May 13th. Wolfe Research raised shares of Saia from a “hold” rating to a “strong-buy” rating in a report on Sunday, June 8th. Raymond James Financial set a $310.00 target price on shares of Saia and gave the company an “outperform” rating in a report on Monday, April 28th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Saia from a “buy” rating to a “hold” rating and set a $273.00 price target on the stock. in a research note on Thursday, May 1st.

Check Out Our Latest Stock Analysis on SAIA

Hedge Funds Weigh In On Saia

Hedge funds have recently modified their holdings of the business. Voya Investment Management LLC lifted its holdings in Saia by 12.5% in the first quarter. Voya Investment Management LLC now owns 421,172 shares of the transportation company’s stock valued at $147,020,000 after buying an additional 46,770 shares during the period. First Hawaiian Bank raised its holdings in shares of Saia by 2.5% during the first quarter. First Hawaiian Bank now owns 4,248 shares of the transportation company’s stock valued at $1,484,000 after purchasing an additional 104 shares during the period. Inspire Investing LLC acquired a new position in shares of Saia during the first quarter valued at about $303,000. Strs Ohio acquired a new position in shares of Saia during the first quarter valued at about $1,037,000. Finally, Mattson Financial Services LLC raised its holdings in shares of Saia by 17.5% during the first quarter. Mattson Financial Services LLC now owns 382 shares of the transportation company’s stock valued at $133,000 after purchasing an additional 57 shares during the period.

Saia Price Performance

Shares of SAIA stock opened at $270.74 on Friday. The firm has a market capitalization of $7.21 billion, a price-to-earnings ratio of 22.58, a price-to-earnings-growth ratio of 7.08 and a beta of 2.00. Saia has a 12-month low of $229.12 and a 12-month high of $624.55. The firm has a fifty day moving average of $271.52 and a 200-day moving average of $376.39. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.12.

Saia (NASDAQ:SAIA – Get Free Report) last issued its quarterly earnings results on Friday, April 25th. The transportation company reported $1.86 EPS for the quarter, missing the consensus estimate of $2.77 by ($0.91). Saia had a return on equity of 14.21% and a net margin of 9.91%. The business had revenue of $787.58 million for the quarter, compared to the consensus estimate of $806.18 million. During the same period last year, the firm earned $3.38 earnings per share. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. On average, equities research analysts forecast that Saia will post 15.46 earnings per share for the current year.

Saia Company Profile

(Get Free Report

Saia, Inc, together with its subsidiaries, operates as a transportation company in North America. The company provides less-than-truckload services for shipments between 100 and 10,000 pounds; and other value-added services, including non-asset truckload, expedited, and logistics services. It also offers other value-added services, including non-asset truckload, expedited, and logistics services.

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