Brokerages Set Saia, Inc. (NASDAQ:SAIA) PT at $456.94

Saia, Inc. (NASDAQ:SAIA) has received a consensus rating of “Hold” from the twenty-one analysts that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $460.50.

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of Saia from $465.00 to $490.00 and gave the company an “overweight” rating in a research report on Monday, June 8th. Wolfe Research upgraded shares of Saia from a “peer perform” rating to an “outperform” rating in a report on Tuesday, April 7th. Wall Street Zen raised shares of Saia from a “sell” rating to a “hold” rating in a research note on Monday, May 4th. The Goldman Sachs Group increased their target price on shares of Saia from $441.00 to $494.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Finally, Morgan Stanley boosted their price target on shares of Saia from $265.00 to $295.00 and gave the company an “underweight” rating in a report on Monday.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Alliancebernstein L.P. grew its stake in shares of Saia by 35.4% during the 3rd quarter. Alliancebernstein L.P. now owns 2,273,396 shares of the transportation company’s stock worth $680,564,000 after acquiring an additional 594,674 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Saia by 2.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,798,841 shares of the transportation company’s stock worth $587,358,000 after purchasing an additional 43,690 shares in the last quarter. Capital International Investors lifted its position in shares of Saia by 0.8% in the third quarter. Capital International Investors now owns 1,419,062 shares of the transportation company’s stock worth $424,794,000 after purchasing an additional 11,454 shares in the last quarter. Viking Global Investors LP boosted its holdings in Saia by 67.2% during the third quarter. Viking Global Investors LP now owns 1,383,888 shares of the transportation company’s stock worth $414,281,000 after purchasing an additional 556,229 shares during the last quarter. Finally, Invesco Ltd. grew its position in Saia by 31.7% in the fourth quarter. Invesco Ltd. now owns 923,912 shares of the transportation company’s stock valued at $301,676,000 after purchasing an additional 222,494 shares in the last quarter.

Saia Stock Performance

NASDAQ:SAIA traded down $0.41 during mid-day trading on Thursday, hitting $417.48. 27,576 shares of the company’s stock traded hands, compared to its average volume of 492,074. The firm has a 50 day moving average of $449.69 and a two-hundred day moving average of $396.00. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.04. Saia has a 12 month low of $249.32 and a 12 month high of $494.71. The firm has a market capitalization of $11.13 billion, a price-to-earnings ratio of 43.80, a price-to-earnings-growth ratio of 1.99 and a beta of 2.13.

Saia (NASDAQ:SAIA) last announced its earnings results on Thursday, April 30th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.82 by $0.04. Saia had a net margin of 7.84% and a return on equity of 9.60%. The business had revenue of $806.23 million during the quarter, compared to analysts’ expectations of $789.08 million. During the same quarter last year, the company posted $1.86 EPS. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, equities analysts forecast that Saia will post 11.4 earnings per share for the current fiscal year.

Saia Company Profile

Saia, Inc is a publicly traded transportation company specializing in less-than-truckload (LTL) freight services across North America. Headquartered in Johns Creek, Georgia, the company focuses on the efficient movement of time-sensitive freight for a diverse customer base that spans retail, manufacturing, automotive, and healthcare industries. By leveraging a network of terminals and service centers, Saia provides tailored solutions designed to optimize supply chain performance.

The company’s core offerings include regional, interregional, and national LTL shipping, supported by volumetric LTL and port intermodal services.