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

Key Points

• Saia has a “Moderate Buy” consensus rating from 21 brokerages, with 13 buys, seven holds and one sell. The average 12-month price target is approximately $449.67.
• Recent analyst views were mixed: Goldman Sachs maintained a buy rating with a $476 target, while TD Cowen and Wells Fargo cut their targets to $400; Stephens lowered its target to $490 but retained an overweight rating.
• Saia exceeded quarterly earnings expectations, reporting $3.51 in EPS versus the $3.38 consensus estimate, while revenue rose 17.1% year over year to $956.49 million.

Shares of Saia, Inc. (NASDAQ:SAIA - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the twenty-one brokerages that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and thirteen have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $449.6667.

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $476.00 price target on shares of Saia in a report on Thursday, July 30th. TD Cowen dropped their price objective on Saia from $445.00 to $400.00 and set a "hold" rating for the company in a research note on Friday, July 31st. Wells Fargo & Company reduced their target price on Saia from $490.00 to $400.00 and set an "equal weight" rating for the company in a research report on Friday, July 31st. Stephens decreased their target price on Saia from $520.00 to $490.00 and set an "overweight" rating on the stock in a research note on Friday, July 31st. Finally, Evercore raised Saia from an "in-line" rating to an "outperform" rating in a report on Wednesday, July 1st.

Saia Price Performance

SAIA stock opened at $359.63 on Friday. The firm has a 50 day moving average of $408.17 and a 200-day moving average of $407.66. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.04. Saia has a 12 month low of $249.32 and a 12 month high of $494.71. The firm has a market capitalization of $9.59 billion, a P/E ratio of 34.71, a price-to-earnings-growth ratio of 1.62 and a beta of 2.14.

Saia (NASDAQ:SAIA - Get Free Report) last posted its earnings results on Thursday, July 30th. The transportation company reported $3.51 earnings per share for the quarter, topping analysts' consensus estimates of $3.38 by $0.13. Saia had a net margin of 8.19% and a return on equity of 10.21%. The business had revenue of $956.49 million for the quarter, compared to analyst estimates of $956.20 million. During the same quarter in the prior year, the firm posted $2.67 EPS. Saia's revenue was up 17.1% on a year-over-year basis. As a group, sell-side analysts predict that Saia will post 11.44 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SAIA. Moore Capital Management LP purchased a new stake in Saia in the second quarter valued at approximately $13,208,000. Alyeska Investment Group L.P. bought a new stake in Saia during the second quarter valued at approximately $56,199,000. Sheets Smith Wealth Management grew its stake in Saia by 2.0% in the 2nd quarter. Sheets Smith Wealth Management now owns 2,687 shares of the transportation company's stock worth $1,132,000 after buying an additional 52 shares in the last quarter. Hsbc Holdings PLC grew its stake in Saia by 22.9% in the 2nd quarter. Hsbc Holdings PLC now owns 7,919 shares of the transportation company's stock worth $3,319,000 after buying an additional 1,478 shares in the last quarter. Finally, United Capital Financial Advisors LLC bought a new position in shares of Saia in the 2nd quarter worth $214,000.

Saia Company Profile

Saia, Inc is a publicly traded transportation company specializing in less-than-truckload (LTL) freight services across North America. Headquartered in Johns Creek, Georgia, the company focuses on the efficient movement of time-sensitive freight for a diverse customer base that spans retail, manufacturing, automotive, and healthcare industries. By leveraging a network of terminals and service centers, Saia provides tailored solutions designed to optimize supply chain performance.

The company's core offerings include regional, interregional, and national LTL shipping, supported by volumetric LTL and port intermodal services.

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