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

Key Points

• Saia, Inc. has received an average rating of "Moderate Buy" from 21 analysts, with 10 holding a buy rating and 1 a strong buy rating.
• Barclays has raised Saia's price target from $315 to $350, while Citigroup lowered its target from $393 to $373 but maintained a buy rating.
• Saia reported an EPS of $2.67 for the last quarter, exceeding estimates, although revenue decreased by 0.7% year-over-year.

Saia, Inc. (NASDAQ:SAIA - Get Free Report) has earned an average recommendation of "Moderate Buy" from the twenty-one analysts that are currently covering the firm, MarketBeat.com reports. Ten investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $347.1579.

A number of analysts have issued reports on the company. Barclays lifted their price target on Saia from $315.00 to $350.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Wolfe Research raised Saia from a "hold" rating to a "strong-buy" rating in a research report on Sunday, June 8th. Citigroup lowered their price target on Saia from $393.00 to $373.00 and set a "buy" rating for the company in a report on Wednesday, September 10th. Benchmark reiterated a "buy" rating and issued a $360.00 price target on shares of Saia in a research note on Thursday, September 25th. Finally, Jefferies Financial Group set a $335.00 price objective on shares of Saia and gave the stock a "buy" rating in a report on Tuesday, June 10th.

Hedge Funds Weigh In On Saia

Several large investors have recently bought and sold shares of the stock. Golden State Wealth Management LLC grew its holdings in shares of Saia by 127.0% during the first quarter. Golden State Wealth Management LLC now owns 84 shares of the transportation company's stock worth $29,000 after purchasing an additional 47 shares during the last quarter. Parkside Financial Bank & Trust boosted its position 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 purchasing an additional 71 shares during the period. AlphaQuest LLC acquired a new stake in shares of Saia in the 2nd quarter valued at about $41,000. NBC Securities Inc. purchased a new position in Saia during the 1st quarter worth approximately $43,000. Finally, Blue Trust Inc. increased its position in Saia by 52.9% during the second 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 period.

Saia Trading Up 0.4%

Shares of NASDAQ:SAIA opened at $294.65 on Tuesday. Saia has a 52 week low of $229.12 and a 52 week high of $624.55. The company's 50 day moving average is $304.00 and its two-hundred day moving average is $299.42. The company has a market cap of $7.85 billion, a PE ratio of 27.21, a P/E/G ratio of 13.44 and a beta of 2.00. 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 (NASDAQ:SAIA - Get Free Report) last issued its earnings results on Friday, July 25th. The transportation company reported $2.67 EPS for the quarter, topping analysts' consensus estimates of $2.39 by $0.28. The firm had revenue of $817.12 million during the quarter, compared to the consensus estimate of $826.59 million. Saia had a net margin of 8.96% and a return on equity of 12.42%. The company's revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.83 earnings per share. Equities analysts predict that Saia will post 15.46 earnings per share for the current fiscal year.

Saia Company Profile

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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