Saia, Inc. (NASDAQ:SAIA) Receives Average Recommendation of "Hold" from Brokerages

Saia, Inc. (NASDAQ:SAIA - Get Free Report) has earned an average rating of "Hold" from the twenty research firms that are presently covering the firm, MarketBeat reports. Twelve equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $338.95.

A number of analysts have recently issued reports on the stock. Bank of America increased their price objective on shares of Saia from $251.00 to $300.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Raymond James set a $310.00 price objective on shares of Saia and gave the stock an "outperform" rating in a research note on Monday, April 28th. Stifel Nicolaus set a $277.00 price objective on shares of Saia in a research note on Monday, April 28th. Wall Street Zen raised shares of Saia to a "sell" rating in a research note on Tuesday, May 13th. Finally, Evercore ISI reduced their price objective on shares of Saia from $415.00 to $298.00 and set an "outperform" rating for the company in a research note on Monday, April 28th.

Saia Stock Performance

SAIA traded down $6.34 during trading on Wednesday, hitting $263.69. The company's stock had a trading volume of 532,636 shares, compared to its average volume of 497,100. The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 0.08. Saia has a one year low of $229.12 and a one year high of $624.55. The firm has a market cap of $7.02 billion, a PE ratio of 19.52, a P/E/G ratio of 2.24 and a beta of 2.03. The business's 50 day simple moving average is $302.87 and its 200-day simple moving average is $411.06.

Saia (NASDAQ:SAIA - Get Free Report) last announced its quarterly earnings data on Friday, April 25th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.77 by ($0.91). The firm had revenue of $787.58 million during the quarter, compared to analysts' expectations of $806.18 million. Saia had a return on equity of 16.63% and a net margin of 11.28%. The business's revenue for the quarter was up 4.3% on a year-over-year basis. During the same period last year, the company earned $3.38 earnings per share. As a group, sell-side analysts predict that Saia will post 15.46 EPS for the current fiscal year.

Hedge Funds Weigh In On Saia

A number of institutional investors and hedge funds have recently made changes to their positions in SAIA. Kestra Investment Management LLC bought a new stake in shares of Saia in the 4th quarter worth about $25,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Saia by 172.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company's stock worth $28,000 after acquiring an additional 38 shares during the last quarter. Golden State Wealth Management LLC lifted its holdings in shares of Saia by 127.0% in the 1st quarter. Golden State Wealth Management LLC now owns 84 shares of the transportation company's stock worth $29,000 after acquiring an additional 47 shares during the last quarter. Atala Financial Inc bought a new stake in shares of Saia in the 4th quarter worth about $36,000. Finally, Huntington National Bank lifted its holdings in shares of Saia by 291.7% in the 4th quarter. Huntington National Bank now owns 94 shares of the transportation company's stock worth $43,000 after acquiring an additional 70 shares during the last quarter.

About Saia

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.