Saia, Inc. (NASDAQ:SAIA) Given Average Recommendation of “Moderate Buy” by Brokerages

Saia, Inc. (NASDAQ:SAIA) has earned an average recommendation of “Moderate Buy” from the seventeen analysts that are covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $506.00.

Several brokerages have recently issued reports on SAIA. BMO Capital Markets increased their price objective on Saia from $465.00 to $495.00 and gave the company a “market perform” rating in a research note on Monday, October 28th. Barclays lifted their price objective on Saia from $515.00 to $620.00 and gave the company an “overweight” rating in a research note on Wednesday. Susquehanna upped their target price on shares of Saia from $550.00 to $585.00 and gave the stock a “positive” rating in a research note on Wednesday, September 18th. Benchmark reaffirmed a “buy” rating and issued a $480.00 target price on shares of Saia in a report on Thursday, September 19th. Finally, The Goldman Sachs Group lowered their price target on shares of Saia from $510.00 to $490.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th.

Saia Stock Performance

Shares of Saia stock opened at $522.37 on Friday. The business’s fifty day simple moving average is $461.16 and its 200-day simple moving average is $435.47. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.08. The firm has a market cap of $13.89 billion, a PE ratio of 37.31, a price-to-earnings-growth ratio of 3.10 and a beta of 1.73. Saia has a 52 week low of $358.90 and a 52 week high of $628.34.

Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Friday, October 25th. The transportation company reported $3.46 earnings per share for the quarter, missing analysts’ consensus estimates of $3.53 by ($0.07). Saia had a net margin of 11.83% and a return on equity of 18.00%. The company had revenue of $842.10 million for the quarter, compared to analyst estimates of $839.82 million. During the same quarter in the prior year, the business earned $3.67 earnings per share. Saia’s revenue was up 8.6% on a year-over-year basis. Equities analysts forecast that Saia will post 13.54 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its stake in Saia by 161.5% during the 2nd quarter. Blue Trust Inc. now owns 68 shares of the transportation company’s stock worth $32,000 after purchasing an additional 42 shares during the period. Quarry LP purchased a new stake in shares of Saia in the second quarter valued at about $41,000. International Assets Investment Management LLC purchased a new stake in shares of Saia in the second quarter valued at about $42,000. Paladin Wealth LLC purchased a new position in shares of Saia during the third quarter worth about $40,000. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Saia by 754.5% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 94 shares of the transportation company’s stock worth $45,000 after buying an additional 83 shares during 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.