Saia, Inc. (NASDAQ:SAIA) Receives $456.94 Average Target Price from Brokerages

Shares of Saia, Inc. (NASDAQ:SAIA) have received an average recommendation of “Hold” from the twenty-one ratings firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $460.50.

SAIA has been the topic of a number of recent research reports. Benchmark restated a “buy” rating on shares of Saia in a report on Wednesday, June 3rd. Stifel Nicolaus set a $450.00 price objective on shares of Saia in a research note on Friday, May 1st. The Goldman Sachs Group lifted their target price on shares of Saia from $441.00 to $494.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. JPMorgan Chase & Co. boosted their price target on Saia from $465.00 to $490.00 and gave the company an “overweight” rating in a report on Monday, June 8th. Finally, BMO Capital Markets increased their price target on Saia from $450.00 to $470.00 and gave the stock a “market perform” rating in a research note on Thursday, June 4th.

Hedge Funds Weigh In On Saia

Several large investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC increased its stake in shares of Saia by 52.4% during the 1st quarter. AQR Capital Management LLC now owns 1,781 shares of the transportation company’s stock valued at $622,000 after acquiring an additional 612 shares during the last quarter. Jones Financial Companies Lllp increased its position in Saia by 334.3% during the first quarter. Jones Financial Companies Lllp now owns 873 shares of the transportation company’s stock worth $305,000 after purchasing an additional 672 shares during the last quarter. California Public Employees Retirement System increased its position in Saia by 4.3% during the second quarter. California Public Employees Retirement System now owns 32,543 shares of the transportation company’s stock worth $8,916,000 after purchasing an additional 1,356 shares during the last quarter. Qube Research & Technologies Ltd purchased a new position in Saia during the second quarter worth approximately $11,599,000. Finally, Frontier Capital Management Co. LLC purchased a new position in Saia during the second quarter worth approximately $13,943,000.

Saia Price Performance

Shares of NASDAQ:SAIA opened at $414.65 on Thursday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.52 and a current ratio of 1.52. The business’s fifty day moving average price is $448.57 and its two-hundred day moving average price is $397.22. The stock has a market cap of $11.06 billion, a PE ratio of 43.56, a price-to-earnings-growth ratio of 1.96 and a beta of 2.13. Saia has a one year low of $249.32 and a one year high of $494.71.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.82 by $0.04. Saia had a return on equity of 9.60% and a net margin of 7.84%.The company had revenue of $806.23 million during the quarter, compared to analysts’ expectations of $789.08 million. During the same period in the previous year, the firm posted $1.86 earnings per share. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. On average, analysts forecast that Saia will post 11.53 EPS 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.