Saia (NASDAQ:SAIA) Trading 3.2% Higher

Saia, Inc. (NASDAQ:SAIA - Get Free Report) was up 3.2% on Tuesday . The company traded as high as $388.94 and last traded at $387.93. Approximately 148,679 shares changed hands during mid-day trading, a decline of 62% from the average daily volume of 393,134 shares. The stock had previously closed at $375.83.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on SAIA shares. Raymond James cut their price target on shares of Saia from $540.00 to $520.00 and set an "outperform" rating for the company in a report on Monday, June 24th. Barclays reduced their price objective on shares of Saia from $575.00 to $515.00 and set an "overweight" rating for the company in a research note on Monday, July 29th. BMO Capital Markets reduced their price objective on shares of Saia from $500.00 to $480.00 and set a "market perform" rating for the company in a research note on Monday, July 29th. Wells Fargo & Company reduced their price objective on shares of Saia from $445.00 to $400.00 and set an "equal weight" rating for the company in a research note on Monday, July 29th. Finally, Evercore ISI upped their price objective on shares of Saia from $523.00 to $566.00 and gave the company an "outperform" rating in a research note on Tuesday, June 25th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $488.87.

Saia Stock Up 1.3 %

The business has a fifty day moving average of $423.45 and a 200 day moving average of $473.77. The stock has a market cap of $10.12 billion, a price-to-earnings ratio of 27.58, a P/E/G ratio of 1.81 and a beta of 1.74. 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 - Get Free Report) last announced its earnings results on Friday, July 26th. The transportation company reported $3.83 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.00 by ($0.17). The company had revenue of $823.24 million for the quarter, compared to the consensus estimate of $821.60 million. Saia had a return on equity of 19.14% and a net margin of 12.26%. On average, equities analysts predict that Saia, Inc. will post 13.88 earnings per share for the current year.

Institutional Investors Weigh In On Saia

A number of large investors have recently added to or reduced their stakes in the stock. Brown Financial Advisors bought a new stake in Saia during the second quarter worth approximately $312,000. Clearbridge Investments LLC boosted its position in shares of Saia by 67.2% in the second quarter. Clearbridge Investments LLC now owns 79,283 shares of the transportation company's stock valued at $37,603,000 after acquiring an additional 31,876 shares during the period. Truist Financial Corp boosted its position in shares of Saia by 25.6% in the second quarter. Truist Financial Corp now owns 27,715 shares of the transportation company's stock valued at $13,145,000 after acquiring an additional 5,643 shares during the period. Quarry LP bought a new stake in shares of Saia in the second quarter valued at approximately $41,000. Finally, Core Wealth Advisors Inc. boosted its position in shares of Saia by 810.8% in the second quarter. Core Wealth Advisors Inc. now owns 674 shares of the transportation company's stock valued at $320,000 after acquiring an additional 600 shares during the period.

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.