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

Key Points

• Saia, Inc. has received a consensus rating of "Moderate Buy" from analysts, with ten holding, nine buying, and one giving a strong buy rating.
• The average one-year price target for Saia's stock among analysts is $347.16, reflecting optimistic outlooks despite recent revenue declines.
• In its latest earnings report, Saia reported $2.67 earnings per share, surpassing expectations but showing a year-over-year revenue decrease of 0.7%.

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

SAIA has been the topic of several recent analyst reports. Morgan Stanley set a $250.00 price target on Saia in a report on Friday, April 25th. Benchmark increased their price target on Saia from $325.00 to $360.00 and gave the stock a "buy" rating in a report on Monday, July 28th. The Goldman Sachs Group upgraded Saia from a "neutral" rating to a "buy" rating and increased their price target for the stock from $387.00 to $410.00 in a report on Monday, June 2nd. Wells Fargo & Company increased their price objective on Saia from $290.00 to $365.00 and gave the stock an "equal weight" rating in a research note on Monday, July 28th. Finally, Stifel Nicolaus reissued a "hold" rating and issued a $306.00 price objective (up previously from $277.00) on shares of Saia in a research note on Thursday, July 24th.

Saia Trading Down 0.2%

Shares of NASDAQ SAIA opened at $283.72 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.49 and a current ratio of 1.49. The business's 50 day moving average price is $283.97 and its 200-day moving average price is $334.45. Saia has a fifty-two week low of $229.12 and a fifty-two week high of $624.55. The company has a market cap of $7.56 billion, a price-to-earnings ratio of 26.20, a PEG ratio of 13.08 and a beta of 1.99.

Saia (NASDAQ:SAIA - Get Free Report) last issued its quarterly earnings results on Friday, July 25th. The transportation company reported $2.67 earnings per share 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 firm had revenue of $817.12 million for the quarter, compared to the consensus estimate of $826.59 million. During the same period in the prior year, the business posted $3.83 earnings per share. The company's revenue for the quarter was down .7% on a year-over-year basis. On average, sell-side analysts expect that Saia will post 15.46 earnings per share for the current year.

Institutional Trading of Saia

A number of institutional investors have recently made changes to their positions in SAIA. Golden State Wealth Management LLC boosted its position 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 purchasing an additional 47 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in Saia by 177.5% in the 2nd quarter. Parkside Financial Bank & Trust now owns 111 shares of the transportation company's stock worth $30,000 after acquiring an additional 71 shares during the last quarter. AlphaQuest LLC purchased a new position in Saia in the 2nd quarter worth $41,000. NBC Securities Inc. purchased a new position in Saia in the 1st quarter worth $43,000. Finally, Blue Trust Inc. raised its stake in Saia by 52.9% in the 2nd quarter. Blue Trust Inc. now owns 208 shares of the transportation company's stock worth $57,000 after acquiring 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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