Brokerages Set Saia, Inc. (NASDAQ:SAIA) Price Target at $449.67

Saia, Inc. (NASDAQ:SAIA) has been assigned a consensus rating of “Moderate Buy” from the twenty analysts that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $449.6667.

Several equities analysts have recently weighed in on SAIA shares. JPMorgan Chase & Co. lifted their target price on shares of Saia from $490.00 to $498.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Morgan Stanley dropped their price target on shares of Saia from $295.00 to $285.00 and set an “underweight” rating on the stock in a research report on Friday, July 31st. Raymond James Financial cut their price objective on shares of Saia from $477.00 to $475.00 and set an “outperform” rating for the company in a report on Monday, July 13th. UBS Group decreased their price objective on shares of Saia from $527.00 to $504.00 and set a “buy” rating for the company in a research report on Friday, July 31st. Finally, TD Cowen decreased their price objective on shares of Saia from $445.00 to $400.00 and set a “hold” rating for the company in a research report on Friday, July 31st.

Saia Price Performance

Shares of SAIA opened at $353.08 on Friday. 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 company’s fifty day moving average price is $397.84 and its 200-day moving average price is $406.18. Saia has a 1-year low of $249.32 and a 1-year high of $494.71. The firm has a market capitalization of $9.42 billion, a PE ratio of 34.08, a price-to-earnings-growth ratio of 1.58 and a beta of 2.14.

Saia (NASDAQ:SAIA) last issued its 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 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 analyst estimates of $956.20 million. During the same quarter last year, the business posted $2.67 EPS. The firm’s quarterly revenue was up 17.1% on a year-over-year basis. On average, equities research analysts predict that Saia will post 11.44 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. California State Teachers Retirement System boosted its stake in Saia by 41,005.2% during the 2nd quarter. California State Teachers Retirement System now owns 12,708,503 shares of the transportation company’s stock worth $5,352,313,000 after purchasing an additional 12,677,586 shares during the last quarter. Viking Global Investors LP purchased a new position in shares of Saia in the second quarter worth about $226,770,000. Invesco Ltd. boosted its position in Saia by 1,300.4% during the third quarter. Invesco Ltd. now owns 701,418 shares of the transportation company’s stock worth $209,976,000 after acquiring an additional 651,332 shares during the last quarter. Norges Bank purchased a new stake in Saia during the 4th quarter valued at about $130,411,000. Finally, Jupiter Topco LLC purchased a new stake in Saia during the 2nd quarter valued at about $140,979,000.

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.