Saia, Inc. (NASDAQ:SAIA) Receives $492.00 Average Target Price from Analysts

Saia, Inc. (NASDAQ:SAIA) has been assigned an average recommendation of “Moderate Buy” from the sixteen ratings firms that are presently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $489.63.

A number of equities analysts recently commented on the company. TD Cowen raised their target price on Saia from $416.00 to $418.00 and gave the company a “hold” rating in a report on Thursday, September 5th. Susquehanna raised their price objective on shares of Saia from $550.00 to $585.00 and gave the company a “positive” rating in a research note on Wednesday, September 18th. Wolfe Research upgraded shares of Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 price objective for the company in a report on Wednesday, October 9th. Bank of America increased their target price on shares of Saia from $443.00 to $460.00 and gave the stock a “buy” rating in a report on Thursday, September 5th. Finally, Jefferies Financial Group boosted their price target on shares of Saia from $480.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Blue Trust Inc. lifted its stake in Saia by 161.5% during the second 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 last quarter. Rise Advisors LLC purchased a new stake in shares of Saia during the 1st quarter worth approximately $40,000. Paladin Wealth LLC purchased a new stake in shares of Saia during the 3rd quarter worth approximately $40,000. Quarry LP acquired a new position in shares of Saia in the 2nd quarter valued at $41,000. Finally, International Assets Investment Management LLC purchased a new position in shares of Saia in the 2nd quarter valued at $42,000.

Saia Stock Performance

Shares of SAIA stock opened at $422.58 on Tuesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.36 and a current ratio of 1.36. The firm has a market cap of $11.24 billion, a P/E ratio of 29.74, a P/E/G ratio of 2.08 and a beta of 1.74. The firm’s 50 day moving average price is $418.63 and its 200-day moving average price is $439.79. Saia has a one year low of $341.26 and a one year high of $628.34.

Saia (NASDAQ:SAIA) last announced its earnings results on Friday, July 26th. The transportation company reported $3.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.00 by ($0.17). Saia had a net margin of 12.26% and a return on equity of 19.14%. The firm had revenue of $823.24 million during the quarter, compared to analysts’ expectations of $821.60 million. As a group, equities research analysts predict that Saia will post 13.98 EPS for the current year.

About Saia

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.