Saia, Inc. (NASDAQ:SAIA) Stock Has Average Price Target of $441.00

Shares of Saia, Inc. (NASDAQ:SAIA) have earned an average rating of “Moderate Buy” from the twenty-one ratings firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $441.00.

Several brokerages have issued reports on SAIA. Morgan Stanley decreased their target price on shares of Saia from $295.00 to $285.00 and set an “underweight” rating for the company in a report on Friday, July 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of Saia in a research note on Monday, August 3rd. Susquehanna cut their price target on shares of Saia from $412.00 to $360.00 and set a “neutral” rating on the stock in a report on Friday, October 2nd. Wells Fargo & Company reduced their price target on shares of Saia from $490.00 to $400.00 and set an “equal weight” rating for the company in a research report on Friday, July 31st. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $476.00 price target on shares of Saia in a research report on Thursday, July 30th.

Institutional Trading of Saia

Institutional investors have recently added to or reduced their stakes in the business. Jupiter Topco LLC bought a new position in shares of Saia during the second quarter valued at $140,979,000. William Blair Investment Management LLC bought a new stake in Saia in the 2nd quarter worth about $109,089,000. BlackRock Inc. increased its holdings in Saia by 6.6% in the 2nd quarter. BlackRock Inc. now owns 2,545,731 shares of the transportation company’s stock worth $1,072,160,000 after buying an additional 156,628 shares in the last quarter. Bank of America Corp DE bought a new stake in Saia in the 2nd quarter worth about $63,757,000. Finally, Freestone Grove Partners LP purchased a new position in Saia in the 2nd quarter worth about $58,200,000.

Saia Price Performance

SAIA opened at $334.69 on Friday. The stock has a 50-day moving average price of $349.28 and a 200-day moving average price of $399.88. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.58 and a quick ratio of 1.58. The firm has a market cap of $8.93 billion, a PE ratio of 33.65, a P/E/G ratio of 2.70 and a beta of 2.19. Saia has a 1 year low of $249.32 and a 1 year high of $494.71.

Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Thursday, July 30th. The transportation company reported $3.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.38 by $0.13. Saia had a net margin of 8.19% and a return on equity of 10.21%. The company had revenue of $956.49 million for the quarter, compared to analysts’ expectations of $956.20 million. During the same quarter in the previous year, the business posted $2.67 EPS. Saia’s revenue was up 17.1% compared to the same quarter last year. Sell-side analysts predict that Saia will post 11.42 earnings per share for the current fiscal year.

About Saia

Saia, Inc is a transportation and logistics company headquartered in Johns Creek, Georgia. Its primary business is less-than-truckload (LTL) freight transportation, serving shippers whose shipments do not require a full truck. Through its Saia LTL Freight subsidiary, the company provides regional and interregional freight services, including standard, expedited and time-definite delivery options.

Saia also provides third-party logistics services through Saia Logistics Services. These offerings can include the coordination of truckload, LTL, intermodal and other transportation solutions, allowing customers to manage a broader range of shipping needs through one provider.

The company traces its history to 1924, when it began operations in Louisiana.