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

Key Points

• Saia, Inc. has received a consensus rating of "Moderate Buy" from 22 brokerages, with 11 analysts recommending a hold, 10 a buy, and 1 a strong buy.
• The average price target for Saia's stock among brokerages is $340.28, indicating a potential upside from its current trading price.
• In the most recent quarter, Saia reported an EPS of $2.67, exceeding expectations, but with a 0.7% year-over-year decline in revenue.

Shares of Saia, Inc. (NASDAQ:SAIA - Get Free Report) have received a consensus rating of "Moderate Buy" from the twenty-two brokerages that are currently covering the stock, Marketbeat reports. Eleven investment analysts have rated the stock with a hold recommendation, ten have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $340.2778.

Several equities analysts have recently weighed in on the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Saia in a research note on Wednesday, October 8th. Raymond James Financial reduced their price objective on Saia from $360.00 to $355.00 and set an "outperform" rating on the stock in a research note on Tuesday, October 14th. Benchmark reissued a "buy" rating and set a $360.00 price target on shares of Saia in a research report on Thursday, September 25th. Stifel Nicolaus reissued a "hold" rating and set a $306.00 price target (up from $277.00) on shares of Saia in a research report on Thursday, July 24th. Finally, Susquehanna raised Saia from a "neutral" rating to a "positive" rating and boosted their price target for the stock from $340.00 to $360.00 in a research report on Wednesday, September 10th.

Saia Stock Down 0.6%

SAIA opened at $290.15 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.49 and a quick ratio of 1.49. The stock has a market capitalization of $7.73 billion, a price-to-earnings ratio of 26.79, a price-to-earnings-growth ratio of 13.56 and a beta of 2.00. The business has a 50-day moving average of $303.88 and a two-hundred day moving average of $293.51. Saia has a 12 month low of $229.12 and a 12 month high of $624.55.

Saia (NASDAQ:SAIA - Get Free Report) last posted its quarterly earnings results on Friday, July 25th. The transportation company reported $2.67 EPS for the quarter, beating the consensus estimate of $2.39 by $0.28. The company had revenue of $817.12 million during the quarter, compared to analysts' expectations of $826.59 million. Saia had a return on equity of 12.42% and a net margin of 8.96%.The firm's revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.83 EPS. On average, research analysts expect that Saia will post 15.46 earnings per share for the current year.

Institutional Trading of Saia

Hedge funds have recently made changes to their positions in the stock. Golden State Wealth Management LLC increased 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 valued at $29,000 after acquiring an additional 47 shares during the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of Saia by 177.5% in the 2nd quarter. Parkside Financial Bank & Trust now owns 111 shares of the transportation company's stock valued at $30,000 after acquiring an additional 71 shares during the last quarter. AlphaQuest LLC bought a new position in Saia during the 2nd quarter worth $41,000. HM Payson & Co. grew its stake in Saia by 28.9% during the 3rd quarter. HM Payson & Co. now owns 205 shares of the transportation company's stock worth $61,000 after buying an additional 46 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in Saia by 52.9% during the 2nd quarter. Blue Trust Inc. now owns 208 shares of the transportation company's stock worth $57,000 after buying an additional 72 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.

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