Saia, Inc., through its subsidiaries, operates as a transportation company in North America. The company provides less-than-truckload services for shipments between 400 and 10,000 pounds; and other value-added services, including non-asset truckload, expedited, and logistics services. As of December 31, 2021, it operated 176 owned and leased facilities; and owned approximately 5,600 tractors and 19,300 trailers. The company was formerly known as SCS Transportation, Inc. and changed its name to Saia, Inc. in July 2006. Saia, Inc. was founded in 1924 and is headquartered in Johns Creek, Georgia.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on SAIA. Susquehanna lifted their price target on shares of Saia from $265.00 to $270.00 in a research note on Thursday, July 28th. UBS Group upgraded shares of Saia from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $213.00 to $240.00 in a research note on Monday, May 23rd. Evercore ISI dropped their price target on shares of Saia from $298.00 to $250.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 12th. Credit Suisse Group lifted their price target on shares of Saia from $234.00 to $253.00 and gave the stock an "outperform" rating in a research note on Thursday, July 28th. Finally, Citigroup set a $212.00 price objective on shares of Saia in a research report on Tuesday, July 19th. One analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $268.71.
Saia Stock Performance
Saia stock opened at $241.41 on Friday. The company's 50-day moving average price is $201.66 and its 200-day moving average price is $229.41. Saia has a twelve month low of $168.03 and a twelve month high of $365.50. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.02. The company has a market cap of $6.38 billion, a PE ratio of 18.83, a price-to-earnings-growth ratio of 0.87 and a beta of 1.41.
Saia (NASDAQ:SAIA - Get Rating) last posted its earnings results on Wednesday, July 27th. The transportation company reported $4.10 earnings per share for the quarter, topping analysts' consensus estimates of $3.48 by $0.62. Saia had a net margin of 12.96% and a return on equity of 26.79%. The firm had revenue of $745.55 million for the quarter, compared to the consensus estimate of $731.26 million. During the same period in the previous year, the firm posted $2.34 EPS. The business's quarterly revenue was up 30.5% on a year-over-year basis. On average, equities research analysts forecast that Saia will post 13.56 EPS for the current fiscal year.