Saia, Inc. (NASDAQ:SAIA) Receives Average Recommendation of "Moderate Buy" from Analysts

Saia, Inc. (NASDAQ:SAIA - Get Free Report) has earned an average recommendation of "Moderate Buy" from the fifteen brokerages that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $488.87.

Several analysts recently issued reports on the company. Stifel Nicolaus raised Saia from a "hold" rating to a "buy" rating and cut their target price for the stock from $526.00 to $475.00 in a research note on Friday, May 24th. Raymond James reduced their target price on Saia from $540.00 to $520.00 and set an "outperform" rating on the stock in a research note on Monday, June 24th. Evercore ISI upped their target price on Saia from $523.00 to $566.00 and gave the company an "outperform" rating in a report on Tuesday, June 25th. UBS Group cut their price target on shares of Saia from $618.00 to $541.00 and set a "buy" rating on the stock in a report on Monday, April 29th. Finally, Barclays decreased their price objective on shares of Saia from $575.00 to $515.00 and set an "overweight" rating for the company in a report on Monday, July 29th.

Saia Trading Down 2.4 %

Shares of NASDAQ:SAIA traded down $9.84 during trading on Monday, reaching $392.49. 201,996 shares of the company traded hands, compared to its average volume of 394,957. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.08. Saia has a 52-week low of $341.26 and a 52-week high of $628.34. The firm has a market capitalization of $10.44 billion, a price-to-earnings ratio of 28.44, a P/E/G ratio of 1.89 and a beta of 1.72. The business's fifty day moving average is $433.66 and its 200-day moving average is $481.40.

Saia (NASDAQ:SAIA - Get Free Report) last posted its quarterly earnings results on Friday, July 26th. The transportation company reported $3.83 EPS for the quarter, missing analysts' consensus estimates of $4.00 by ($0.17). The firm 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, analysts forecast that Saia will post 13.88 EPS for the current year.

Hedge Funds Weigh In On Saia

Several large investors have recently made changes to their positions in SAIA. Capital Research Global Investors increased its position in Saia by 129.8% during the 4th quarter. Capital Research Global Investors now owns 920,258 shares of the transportation company's stock valued at $403,275,000 after buying an additional 519,819 shares in the last quarter. Norges Bank bought a new position in shares of Saia during the fourth quarter valued at $201,117,000. American Century Companies Inc. raised its position in shares of Saia by 347.3% in the 2nd quarter. American Century Companies Inc. now owns 159,853 shares of the transportation company's stock worth $75,817,000 after purchasing an additional 124,117 shares during the last quarter. TimesSquare Capital Management LLC boosted its stake in Saia by 129.1% in the 4th quarter. TimesSquare Capital Management LLC now owns 115,660 shares of the transportation company's stock worth $50,685,000 after purchasing an additional 65,185 shares in the last quarter. Finally, Natixis Advisors L.P. grew its position in Saia by 43.8% during the 4th quarter. Natixis Advisors L.P. now owns 203,004 shares of the transportation company's stock valued at $88,960,000 after purchasing an additional 61,862 shares during the last quarter.

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.