Saia (NASDAQ:SAIA) Receives Hold (C) Rating from Weiss Ratings

Key Points

• Saia's stock has been rated "hold (c)" by Weiss Ratings, while other analysts have assigned ratings ranging from "buy" to "overweight" with a consensus price target of $337.89.
• In its latest earnings report, Saia reported $2.67 EPS, exceeding expectations, although its revenue fell short at $817.12 million, representing a year-over-year decline of 0.7%.
• Recent institutional activity shows significant investments in Saia, with several firms increasing their holdings during the first quarter of 2023.

Saia (NASDAQ:SAIA - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by equities researchers at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Several other equities research analysts have also recently weighed in on the company. UBS Group increased their price objective on Saia from $305.00 to $374.00 and gave the stock a "buy" rating in a report on Friday, October 3rd. Jefferies Financial Group set a $335.00 price objective on Saia and gave the stock a "buy" rating in a report on Tuesday, June 10th. Susquehanna upgraded Saia from a "neutral" rating to a "positive" rating and increased their price objective for the stock from $340.00 to $360.00 in a report on Wednesday, September 10th. Wells Fargo & Company dropped their price objective on Saia from $365.00 to $330.00 and set an "equal weight" rating for the company in a report on Monday. Finally, Barclays raised their target price on Saia from $315.00 to $350.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eleven have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $337.89.

Saia Trading Up 5.5%

Shares of SAIA stock opened at $322.39 on Wednesday. The stock has a market capitalization of $8.59 billion, a PE ratio of 29.77, a P/E/G ratio of 14.17 and a beta of 2.00. Saia has a 1-year low of $229.12 and a 1-year high of $624.55. The business has a 50-day moving average of $302.40 and a 200 day moving average of $297.69. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.49 and a quick ratio of 1.49.

Saia (NASDAQ:SAIA - Get Free Report) last released its quarterly earnings data 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 business had revenue of $817.12 million during the quarter, compared to analysts' expectations of $826.59 million. During the same quarter last year, the business posted $3.83 EPS. The business's revenue was down .7% on a year-over-year basis. As a group, sell-side analysts anticipate that Saia will post 15.46 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Inspire Investing LLC bought a new position in Saia during the 1st quarter valued at approximately $303,000. Hunter Associates Investment Management LLC increased its position in Saia by 55.6% during the 1st quarter. Hunter Associates Investment Management LLC now owns 11,030 shares of the transportation company's stock valued at $3,832,000 after buying an additional 3,940 shares in the last quarter. Running Oak Capital LLC increased its position in Saia by 28.1% during the 1st quarter. Running Oak Capital LLC now owns 38,760 shares of the transportation company's stock valued at $13,544,000 after buying an additional 8,501 shares in the last quarter. Blueshift Asset Management LLC bought a new position in Saia during the 1st quarter valued at approximately $483,000. Finally, Marks Group Wealth Management Inc increased its position in Saia by 11.5% during the 1st quarter. Marks Group Wealth Management Inc now owns 21,429 shares of the transportation company's stock valued at $7,488,000 after buying an additional 2,212 shares in the last quarter.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.