Saia, Inc. (NASDAQ:SAIA) Receives Average Rating of "Moderate Buy" from Analysts

Saia, Inc. (NASDAQ:SAIA - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the twenty analysts that are presently covering the stock, Marketbeat.com reports. Ten analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $333.84.

SAIA has been the topic of a number of analyst reports. JPMorgan Chase & Co. lowered their price objective on Saia from $436.00 to $299.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Raymond James Financial set a $310.00 price objective on Saia and gave the stock an "outperform" rating in a research report on Monday, April 28th. Bank of America raised their price objective on Saia from $251.00 to $300.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Wall Street Zen upgraded Saia to a "sell" rating in a research report on Tuesday, May 13th. Finally, Deutsche Bank Aktiengesellschaft downgraded Saia from a "buy" rating to a "hold" rating and set a $273.00 target price for the company. in a research report on Thursday, May 1st.

Saia Stock Performance

Shares of SAIA stock opened at $256.40 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.43 and a quick ratio of 1.43. Saia has a fifty-two week low of $229.12 and a fifty-two week high of $624.55. The stock's 50-day moving average is $276.29 and its two-hundred day moving average is $382.21. The firm has a market cap of $6.83 billion, a P/E ratio of 21.38, a PEG ratio of 6.67 and a beta of 2.00.

Saia (NASDAQ:SAIA - Get Free Report) last issued its earnings results on Friday, April 25th. The transportation company reported $1.86 earnings per share for the quarter, missing the consensus estimate of $2.77 by ($0.91). The firm had revenue of $787.58 million during the quarter, compared to analyst estimates of $806.18 million. Saia had a return on equity of 14.21% and a net margin of 9.91%. The business's revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the previous year, the company earned $3.38 earnings per share. Analysts predict that Saia will post 15.46 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Saia

Several hedge funds and other institutional investors have recently made changes to their positions in SAIA. CIBC Asset Management Inc boosted its position in shares of Saia by 5.5% in the 4th quarter. CIBC Asset Management Inc now owns 812 shares of the transportation company's stock worth $370,000 after purchasing an additional 42 shares during the last quarter. Kestra Investment Management LLC bought a new position in Saia during the fourth quarter worth about $25,000. Global Retirement Partners LLC lifted its holdings in Saia by 6.8% during the fourth quarter. Global Retirement Partners LLC now owns 671 shares of the transportation company's stock worth $306,000 after acquiring an additional 43 shares in the last quarter. Handelsbanken Fonder AB lifted its holdings in shares of Saia by 2.8% in the fourth quarter. Handelsbanken Fonder AB now owns 7,258 shares of the transportation company's stock valued at $3,308,000 after purchasing an additional 200 shares in the last quarter. Finally, Wolverine Asset Management LLC lifted its holdings in shares of Saia by 280.0% in the fourth quarter. Wolverine Asset Management LLC now owns 3,800 shares of the transportation company's stock valued at $1,732,000 after purchasing an additional 2,800 shares in 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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