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

Shares of Saia, Inc. (NASDAQ:SAIA) have been given a consensus recommendation of “Moderate Buy” by the seventeen brokerages that are currently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $492.00.

A number of equities research analysts have commented on the company. Wolfe Research upgraded Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 price target on the stock in a research report on Wednesday, October 9th. Bank of America lifted their price objective on Saia from $443.00 to $460.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th. BMO Capital Markets increased their target price on shares of Saia from $465.00 to $495.00 and gave the company a “market perform” rating in a research report on Monday, October 28th. The Goldman Sachs Group dropped their price target on shares of Saia from $510.00 to $490.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Finally, Evercore ISI reduced their price objective on shares of Saia from $503.00 to $488.00 and set an “outperform” rating on the stock in a research note on Thursday, October 3rd.

Hedge Funds Weigh In On Saia

A number of institutional investors have recently modified their holdings of the company. Fifth Third Bancorp lifted its position in Saia by 10.5% in the 2nd quarter. Fifth Third Bancorp now owns 232 shares of the transportation company’s stock valued at $110,000 after acquiring an additional 22 shares in the last quarter. LRI Investments LLC lifted its holdings in shares of Saia by 6.6% in the second quarter. LRI Investments LLC now owns 386 shares of the transportation company’s stock valued at $183,000 after purchasing an additional 24 shares in the last quarter. CIBC Asset Management Inc boosted its position in shares of Saia by 3.5% during the third quarter. CIBC Asset Management Inc now owns 770 shares of the transportation company’s stock valued at $337,000 after buying an additional 26 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Saia by 3.9% during the first quarter. EverSource Wealth Advisors LLC now owns 723 shares of the transportation company’s stock worth $423,000 after buying an additional 27 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its position in Saia by 1.0% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 2,977 shares of the transportation company’s stock valued at $1,742,000 after buying an additional 30 shares during the last quarter.

Saia Stock Down 0.0 %

NASDAQ:SAIA opened at $544.89 on Friday. Saia has a one year low of $358.90 and a one year high of $628.34. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.26 and a quick ratio of 1.26. The company has a market cap of $14.49 billion, a PE ratio of 38.92, a P/E/G ratio of 3.28 and a beta of 1.73. The firm’s 50 day simple moving average is $446.53 and its 200 day simple moving average is $433.78.

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