Saia, Inc. (NASDAQ:SAIA) Receives $479.07 Average Target Price from Brokerages

Shares of Saia, Inc. (NASDAQ:SAIA - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the fifteen research firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $479.07.

A number of research firms have commented on SAIA. Stifel Nicolaus raised shares of Saia from a "hold" rating to a "buy" rating and cut their price target for the stock from $526.00 to $475.00 in a research note on Friday, May 24th. Susquehanna upped their target price on shares of Saia from $550.00 to $585.00 and gave the stock a "positive" rating in a research report on Wednesday. BMO Capital Markets lowered their price target on Saia from $500.00 to $480.00 and set a "market perform" rating on the stock in a research report on Monday, July 29th. Wells Fargo & Company lifted their price target on Saia from $400.00 to $410.00 and gave the stock an "equal weight" rating in a research note on Thursday, September 5th. Finally, JPMorgan Chase & Co. increased their price objective on Saia from $479.00 to $481.00 and gave the company an "overweight" rating in a research report on Friday, September 6th.

Institutional Investors Weigh In On Saia

A number of large investors have recently made changes to their positions in the business. Cim LLC lifted its stake in Saia by 7.6% in the second quarter. Cim LLC now owns 594 shares of the transportation company's stock worth $282,000 after acquiring an additional 42 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of Saia in the 2nd quarter worth about $2,227,000. Brown Financial Advisors purchased a new stake in shares of Saia in the 2nd quarter worth about $312,000. Clearbridge Investments LLC boosted its stake in shares of Saia by 67.2% during the 2nd quarter. Clearbridge Investments LLC now owns 79,283 shares of the transportation company's stock valued at $37,603,000 after purchasing an additional 31,876 shares in the last quarter. Finally, Truist Financial Corp increased its position in shares of Saia by 25.6% during the second quarter. Truist Financial Corp now owns 27,715 shares of the transportation company's stock valued at $13,145,000 after buying an additional 5,643 shares during the period.

Saia Trading Up 2.1 %

Shares of SAIA opened at $453.83 on Friday. The business's 50-day moving average price is $414.65 and its 200-day moving average price is $463.62. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.08. Saia has a twelve month low of $341.26 and a twelve month high of $628.34. The stock has a market cap of $12.07 billion, a PE ratio of 32.89, a P/E/G ratio of 2.05 and a beta of 1.74.

Saia (NASDAQ:SAIA - Get Free Report) last announced its quarterly earnings results on Friday, July 26th. The transportation company reported $3.83 EPS for the quarter, missing the consensus estimate of $4.00 by ($0.17). The firm had revenue of $823.24 million during 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%. On average, equities analysts forecast that Saia will post 13.92 EPS for the current fiscal 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.