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

Key Points

• Saia, Inc. has received a consensus rating of "Moderate Buy" from 21 research firms, with an average price target of approximately $347.16.
• Several analysts have recently upgraded their target prices for Saia, with Citigroup setting a target of $393.00 and JPMorgan raising theirs to $380.00.
• The company reported earnings of $2.67 per share for the latest quarter, surpassing estimates but showing a revenue decline of 0.7% year-over-year.

Shares of Saia, Inc. (NASDAQ:SAIA - Get Free Report) have been given a consensus rating of "Moderate Buy" by the twenty-one research firms that are currently covering the firm, Marketbeat Ratings reports. Eleven analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $347.1579.

Several analysts have recently weighed in on SAIA shares. Wells Fargo & Company boosted their target price on Saia from $290.00 to $365.00 and gave the company an "equal weight" rating in a report on Monday, July 28th. Benchmark boosted their target price on Saia from $325.00 to $360.00 and gave the company a "buy" rating in a report on Monday, July 28th. Barclays boosted their target price on Saia from $315.00 to $350.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Citigroup reissued a "buy" rating and issued a $393.00 target price (up from $350.00) on shares of Saia in a report on Monday, July 28th. Finally, JPMorgan Chase & Co. boosted their target price on Saia from $295.00 to $380.00 and gave the company an "overweight" rating in a report on Monday, July 28th.

Institutional Investors Weigh In On Saia

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD raised its holdings in shares of Saia by 11.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,831,614 shares of the transportation company's stock valued at $989,452,000 after buying an additional 288,746 shares during the last quarter. Alliancebernstein L.P. raised its holdings in shares of Saia by 17.3% in the first quarter. Alliancebernstein L.P. now owns 2,275,661 shares of the transportation company's stock valued at $795,184,000 after buying an additional 336,046 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Saia by 35.4% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,206,837 shares of the transportation company's stock valued at $421,705,000 after buying an additional 315,514 shares during the last quarter. Viking Global Investors LP purchased a new stake in shares of Saia in the second quarter valued at about $226,770,000. Finally, Wasatch Advisors LP raised its holdings in shares of Saia by 25.3% in the second quarter. Wasatch Advisors LP now owns 825,687 shares of the transportation company's stock valued at $226,230,000 after buying an additional 166,486 shares during the last quarter.

Saia Stock Performance

Shares of SAIA stock opened at $297.20 on Friday. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.13. Saia has a 12 month low of $229.12 and a 12 month high of $624.55. The company has a market cap of $7.92 billion, a P/E ratio of 27.44, a PEG ratio of 13.33 and a beta of 2.00. The firm has a fifty day moving average price of $298.13 and a 200 day moving average price of $311.75.

Saia (NASDAQ:SAIA - Get Free Report) last issued its quarterly earnings data on Friday, July 25th. The transportation company reported $2.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.39 by $0.28. Saia had a return on equity of 12.42% and a net margin of 8.96%.The company had revenue of $817.12 million for the quarter, compared to analyst estimates of $826.59 million. During the same quarter last year, the company posted $3.83 earnings per share. The business's quarterly revenue was down .7% compared to the same quarter last year. Sell-side analysts predict that Saia will post 15.46 earnings per share for the current fiscal year.

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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