Brokerages Set Saia, Inc. (NASDAQ:SAIA) PT at $448.37

Shares of Saia, Inc. (NASDAQ:SAIA) have been assigned a consensus rating of “Moderate Buy” from the twenty-one research firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and fourteen have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $448.3684.

Several research firms have commented on SAIA. Benchmark reiterated a “buy” rating on shares of Saia in a report on Wednesday, June 3rd. Morgan Stanley reduced their price objective on shares of Saia from $295.00 to $285.00 and set an “underweight” rating on the stock in a report on Friday, July 31st. Barclays lowered their target price on shares of Saia from $500.00 to $475.00 and set an “overweight” rating for the company in a research note on Friday, July 31st. Citigroup cut their price target on Saia from $423.00 to $417.00 and set a “buy” rating on the stock in a research note on Tuesday, September 8th. Finally, Susquehanna lifted their price target on Saia from $465.00 to $470.00 and gave the stock a “neutral” rating in a report on Tuesday, July 14th.

Saia Stock Up 1.7%

Shares of NASDAQ SAIA opened at $348.04 on Tuesday. Saia has a 12-month low of $249.32 and a 12-month high of $494.71. The stock has a market cap of $9.28 billion, a P/E ratio of 33.59, a PEG ratio of 2.76 and a beta of 2.14. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.04. The business’s fifty day simple moving average is $371.75 and its 200-day simple moving average is $400.45.

Saia (NASDAQ:SAIA) last posted its quarterly earnings results on Thursday, July 30th. The transportation company reported $3.51 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $956.20 million. During the same quarter last year, the company earned $2.67 EPS. Saia’s revenue for the quarter was up 17.1% compared to the same quarter last year. As a group, equities analysts predict that Saia will post 11.43 EPS for the current fiscal year.

Institutional Investors Weigh In On Saia

Institutional investors have recently added to or reduced their stakes in the business. Norges Bank purchased a new position in Saia during the 4th quarter worth approximately $130,411,000. Jupiter Topco LLC acquired a new position in Saia during the second quarter worth approximately $140,979,000. William Blair Investment Management LLC purchased a new stake in Saia in the second quarter valued at approximately $109,089,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Saia by 42,417.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 177,296 shares of the transportation company’s stock valued at $57,891,000 after acquiring an additional 176,879 shares during the period. Finally, Capital Research Global Investors acquired a new stake in shares of Saia in the fourth quarter valued at approximately $57,479,000.

Saia Company Profile

Saia, Inc is a transportation and logistics company headquartered in Johns Creek, Georgia. Its principal operating subsidiary, Saia LTL Freight, provides less-than-truckload transportation, moving shipments from multiple customers in a single trailer. The company serves businesses across the contiguous United States and offers regional, interregional and long-distance freight services.

Saia’s services include standard and expedited LTL shipping, guaranteed delivery options, volume and truckload solutions, and specialized transportation for certain freight needs.