Saia, Inc. (NASDAQ:SAIA) Stock Has Average Price Target of $441.00 According to Analysts

Key Points

• Analysts give Saia a “Moderate Buy” consensus: 14 analysts rate the stock a buy, six recommend holding, and one rates it a sell. The average 12-month price target is $441, above the reported opening price of $336.75.
• Saia reported quarterly EPS of $3.51, exceeding estimates of $3.38, while revenue rose 17.1% year over year to $956.49 million, broadly matching expectations.
• Recent institutional activity was mixed but included increased stakes from GAMMA Investing, Farther Finance Advisors, and State Street, while several firms—including Goldman Sachs and Bank of America—maintained buy ratings.

Saia, Inc. (NASDAQ:SAIA - Get Free Report) has received an average recommendation of "Moderate Buy" from the twenty-one ratings firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $441.00.

A number of equities research analysts recently weighed in on the company. Raymond James Financial decreased their price objective on Saia from $477.00 to $475.00 and set an "outperform" rating for the company in a research note on Monday, July 13th. Weiss Ratings reiterated a "hold (c)" rating on shares of Saia in a research note on Monday, August 3rd. The Goldman Sachs Group restated a "buy" rating and issued a $476.00 price target on shares of Saia in a report on Thursday, July 30th. JPMorgan Chase & Co. lowered their target price on shares of Saia from $490.00 to $463.00 and set an "overweight" rating for the company in a research note on Monday, October 5th. Finally, Bank of America reaffirmed a "buy" rating on shares of Saia in a research report on Friday, September 4th.

Saia Stock Performance

Shares of SAIA stock opened at $336.75 on Friday. The firm has a market cap of $8.98 billion, a price-to-earnings ratio of 32.50, a PEG ratio of 2.75 and a beta of 2.19. Saia has a 52-week low of $249.32 and a 52-week high of $494.71. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.04. The company's 50 day moving average is $350.96 and its 200 day moving average is $399.42.

Saia (NASDAQ:SAIA - Get Free Report) last announced its earnings results on Thursday, July 30th. The transportation company reported $3.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.38 by $0.13. Saia had a return on equity of 10.21% and a net margin of 8.19%. The business had revenue of $956.49 million for the quarter, compared to analysts' expectations of $956.20 million. During the same quarter last year, the firm earned $2.67 EPS. The business's revenue for the quarter was up 17.1% on a year-over-year basis. On average, sell-side analysts anticipate that Saia will post 11.42 EPS for the current fiscal year.

Institutional Investors Weigh In On Saia

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SAIA. GAMMA Investing LLC increased its holdings in shares of Saia by 14.2% during the third quarter. GAMMA Investing LLC now owns 853 shares of the transportation company's stock valued at $285,000 after acquiring an additional 106 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in Saia by 42.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 257 shares of the transportation company's stock worth $86,000 after purchasing an additional 77 shares in the last quarter. Argent Capital Management LLC purchased a new stake in Saia during the 3rd quarter worth approximately $204,000. Cim Investment Management Inc. purchased a new stake in Saia during the 2nd quarter worth approximately $208,000. Finally, State Street Corp increased its stake in Saia by 3.4% during the 2nd quarter. State Street Corp now owns 854,398 shares of the transportation company's stock valued at $359,862,000 after purchasing an additional 28,397 shares in the last quarter.

About Saia

Saia, Inc is a transportation and logistics company headquartered in Johns Creek, Georgia. Its primary business is less-than-truckload (LTL) freight transportation, serving shippers whose shipments do not require a full truck. Through its Saia LTL Freight subsidiary, the company provides regional and interregional freight services, including standard, expedited and time-definite delivery options.

Saia also provides third-party logistics services through Saia Logistics Services. These offerings can include the coordination of truckload, LTL, intermodal and other transportation solutions, allowing customers to manage a broader range of shipping needs through one provider.

The company traces its history to 1924, when it began operations in Louisiana.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.