Saia, Inc. (NASDAQ:SAIA) Receives Average Rating of “Moderate Buy” from Analysts

Saia, Inc. (NASDAQ:SAIA) has received an average recommendation of “Moderate Buy” from the sixteen ratings firms that are currently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $492.00.

A number of equities analysts recently issued reports on the stock. Barclays dropped their target price on shares of Saia from $575.00 to $515.00 and set an “overweight” rating on the stock in a research report on Monday, July 29th. Bank of America boosted their price objective on shares of Saia from $443.00 to $460.00 and gave the stock a “buy” rating in a report on Thursday, September 5th. Evercore ISI cut their price objective on shares of Saia from $503.00 to $488.00 and set an “outperform” rating for the company in a research report on Thursday, October 3rd. JPMorgan Chase & Co. lifted their target price on Saia from $479.00 to $481.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. Finally, Wells Fargo & Company upped their price target on Saia from $400.00 to $410.00 and gave the company an “equal weight” rating in a report on Thursday, September 5th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. AdvisorNet Financial Inc increased its position in shares of Saia by 5.7% during the 1st quarter. AdvisorNet Financial Inc now owns 387 shares of the transportation company’s stock worth $226,000 after purchasing an additional 21 shares in the last quarter. Fifth Third Bancorp raised its stake in shares of Saia by 10.5% in the second quarter. Fifth Third Bancorp now owns 232 shares of the transportation company’s stock valued at $110,000 after acquiring an additional 22 shares during the last quarter. LRI Investments LLC raised its stake 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 acquiring an additional 24 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Saia by 3.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 723 shares of the transportation company’s stock worth $423,000 after acquiring an additional 27 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its position in Saia by 1.0% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 2,977 shares of the transportation company’s stock worth $1,742,000 after acquiring an additional 30 shares during the last quarter.

Saia Stock Down 2.2 %

SAIA stock opened at $436.69 on Tuesday. The stock has a market capitalization of $11.61 billion, a price-to-earnings ratio of 30.73, a price-to-earnings-growth ratio of 2.17 and a beta of 1.74. The company has a 50-day moving average of $417.53 and a two-hundred day moving average of $441.80. Saia has a 52-week low of $341.26 and a 52-week high of $628.34. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.36 and a quick ratio of 1.36.

Saia (NASDAQ:SAIA) last announced its earnings results on Friday, July 26th. The transportation company reported $3.83 earnings per share for the quarter, missing the consensus estimate of $4.00 by ($0.17). The business had revenue of $823.24 million for the quarter, compared to the consensus estimate of $821.60 million. Saia had a net margin of 12.26% and a return on equity of 19.14%. As a group, equities research analysts anticipate that Saia will post 13.99 EPS for the current year.

Saia Company Profile

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.