Shares of Saia, Inc. (NASDAQ:SAIA – Get Free Report) have received an average recommendation of “Moderate Buy” from the seventeen ratings firms that are covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $527.65.
Several analysts have issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Saia from $499.00 to $566.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. BMO Capital Markets raised their price target on shares of Saia from $465.00 to $495.00 and gave the stock a “market perform” rating in a research report on Monday, October 28th. Jefferies Financial Group raised their price target on shares of Saia from $525.00 to $560.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Barclays decreased their price target on shares of Saia from $620.00 to $600.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Finally, Citigroup decreased their price target on shares of Saia from $651.00 to $644.00 and set a “buy” rating on the stock in a research report on Wednesday, December 4th.
Check Out Our Latest Stock Report on Saia
Insider Activity at Saia
Hedge Funds Weigh In On Saia
Institutional investors have recently added to or reduced their stakes in the company. Oddo BHF Asset Management Sas bought a new position in shares of Saia in the third quarter worth about $1,408,000. MML Investors Services LLC raised its stake in shares of Saia by 89.8% in the third quarter. MML Investors Services LLC now owns 4,313 shares of the transportation company’s stock worth $1,886,000 after acquiring an additional 2,041 shares during the last quarter. ZWJ Investment Counsel Inc. raised its stake in shares of Saia by 2.8% in the fourth quarter. ZWJ Investment Counsel Inc. now owns 59,870 shares of the transportation company’s stock worth $27,285,000 after acquiring an additional 1,644 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new position in shares of Saia in the third quarter worth about $22,979,000. Finally, BNP Paribas Financial Markets raised its stake in shares of Saia by 61.7% in the third quarter. BNP Paribas Financial Markets now owns 3,698 shares of the transportation company’s stock worth $1,617,000 after acquiring an additional 1,411 shares during the last quarter.
Saia Stock Performance
NASDAQ:SAIA opened at $494.30 on Thursday. Saia has a 1 year low of $358.90 and a 1 year high of $628.34. The firm’s fifty day simple moving average is $502.54 and its 200 day simple moving average is $461.10. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $13.14 billion, a PE ratio of 35.31, a PEG ratio of 2.38 and a beta of 1.79.
Saia (NASDAQ:SAIA – Get Free Report) last posted its quarterly earnings results on Friday, October 25th. The transportation company reported $3.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.53 by ($0.07). The company had revenue of $842.10 million during the quarter, compared to analyst estimates of $839.82 million. Saia had a return on equity of 18.00% and a net margin of 11.83%. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.67 earnings per share. On average, sell-side analysts anticipate that Saia will post 13.47 EPS for the current year.
About Saia
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.
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