Saia, Inc. (NASDAQ:SAIA) Receives Consensus Rating of “Moderate Buy” from Analysts

Saia, Inc. (NASDAQ:SAIA) has been given an average rating of “Moderate Buy” by the twenty research firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and thirteen have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $449.6667.

A number of research firms have issued reports on SAIA. Evercore upgraded Saia from an “in-line” rating to an “outperform” rating in a research report on Wednesday, July 1st. Wall Street Zen raised shares of Saia from a “sell” rating to a “hold” rating in a report on Monday, May 4th. Stephens decreased their price target on shares of Saia from $520.00 to $490.00 and set an “overweight” rating on the stock in a report on Friday, July 31st. Bank of America upgraded shares of Saia from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $499.00 to $502.00 in a research report on Monday, July 13th. Finally, Stifel Nicolaus raised shares of Saia from a “hold” rating to a “buy” rating and set a $438.00 price objective for the company in a research note on Friday, July 31st.

Saia Trading Down 1.6%

Shares of SAIA stock opened at $343.92 on Friday. Saia has a fifty-two week low of $249.32 and a fifty-two week high of $494.71. The stock’s fifty day moving average price is $401.00 and its two-hundred day moving average price is $407.01. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.58 and a current ratio of 1.58. The company has a market cap of $9.17 billion, a PE ratio of 33.20, a P/E/G ratio of 1.58 and a beta of 2.14.

Saia (NASDAQ:SAIA) last posted its quarterly earnings results on Thursday, July 30th. The transportation company reported $3.51 EPS for the quarter, topping analysts’ consensus estimates of $3.38 by $0.13. Saia had a return on equity of 10.21% and a net margin of 8.19%.The company had revenue of $956.49 million during the quarter, compared to analysts’ expectations of $956.20 million. During the same quarter in the previous year, the firm earned $2.67 EPS. Saia’s revenue was up 17.1% on a year-over-year basis. Equities analysts predict that Saia will post 11.44 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Danske Bank A S acquired a new stake in shares of Saia during the 2nd quarter valued at $25,000. Caitong International Asset Management Co. Ltd acquired a new position in Saia in the 2nd quarter worth about $27,000. Meeder Asset Management Inc. raised its position in Saia by 360.0% in the second quarter. Meeder Asset Management Inc. now owns 69 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 54 shares during the last quarter. Quarry LP raised its position in Saia by 8,400.0% in the fourth quarter. Quarry LP now owns 85 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 84 shares during the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in Saia in the fourth quarter valued at about $36,000.

About Saia

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.