Saia - SAIA Stock Forecast, Price & News

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.

Saia Stock Performance

SAIA traded down $6.41 during trading on Wednesday, hitting $232.67. The stock had a trading volume of 341,498 shares, compared to its average volume of 438,977. The firm has a market cap of $6.15 billion, a PE ratio of 17.94, a P/E/G ratio of 0.84 and a beta of 1.41. Saia has a 12 month low of $168.03 and a 12 month high of $365.50. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.02. The company has a 50 day simple moving average of $206.75 and a 200-day simple moving average of $227.64.

Saia (NASDAQ:SAIA - Get Rating) last announced its earnings results on Wednesday, July 27th. The transportation company reported $4.10 EPS for the quarter, topping the consensus estimate of $3.48 by $0.62. The firm had revenue of $745.55 million for the quarter, compared to the consensus estimate of $731.26 million. Saia had a net margin of 12.96% and a return on equity of 26.79%. The business's quarterly revenue was up 30.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.34 EPS. Analysts expect that Saia will post 13.89 EPS for the current year.

Wall Street Analysts Forecast Growth

SAIA has been the topic of several research analyst reports. Credit Suisse Group lifted their price objective on shares of Saia from $234.00 to $253.00 and gave the stock an "outperform" rating in a research report on Thursday, July 28th. Stifel Nicolaus decreased their target price on shares of Saia from $238.00 to $229.00 in a research note on Thursday, July 28th. Evercore ISI decreased their target price on shares of Saia from $298.00 to $250.00 and set an "outperform" rating for the company in a research note on Tuesday, July 12th. The Goldman Sachs Group decreased their target price on shares of Saia from $291.00 to $257.00 and set a "neutral" rating for the company in a research note on Tuesday, June 7th. Finally, Susquehanna lifted their target price on shares of Saia from $265.00 to $270.00 in a research note on Thursday, July 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $269.59.

Insider Buying and Selling

In other news, Director Richard D. Odell sold 10,717 shares of the business's stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $235.92, for a total transaction of $2,528,354.64. Following the transaction, the director now owns 13,356 shares in the company, valued at approximately $3,150,947.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Richard D. Odell sold 10,717 shares of the business's stock in a transaction dated Tuesday, August 9th. The shares were sold at an average price of $235.92, for a total transaction of $2,528,354.64. Following the transaction, the director now owns 13,356 shares in the company, valued at approximately $3,150,947.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Frederick J. Holzgrefe III sold 13,983 shares of the business's stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $240.17, for a total transaction of $3,358,297.11. Following the transaction, the chief executive officer now owns 14,623 shares in the company, valued at approximately $3,512,005.91. The disclosure for this sale can be found here. Insiders have sold 39,845 shares of company stock worth $9,625,657 in the last quarter. 0.50% of the stock is currently owned by company insiders.