Saia (NASDAQ:SAIA) Sets New 12-Month High – Still a Buy?

Saia, Inc. (NASDAQ:SAIA)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $468.00 and last traded at $467.7270, with a volume of 87938 shares changing hands. The stock had previously closed at $448.95.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on SAIA shares. JPMorgan Chase & Co. lifted their price objective on shares of Saia from $402.00 to $465.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. UBS Group reiterated a “buy” rating and issued a $493.00 price objective on shares of Saia in a research report on Wednesday, February 11th. Raymond James Financial reiterated an “outperform” rating and issued a $477.00 price objective on shares of Saia in a research report on Friday, May 1st. Evercore set a $476.00 price objective on shares of Saia in a research report on Friday, May 1st. Finally, Bank of America raised their target price on Saia from $413.00 to $429.00 and gave the company a “neutral” rating in a report on Tuesday, March 3rd. Ten investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Saia presently has a consensus rating of “Hold” and a consensus price target of $444.94.

Saia Trading Down 1.5%

The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.04. The business has a fifty day simple moving average of $396.53 and a 200 day simple moving average of $360.85. The company has a market cap of $12.04 billion, a price-to-earnings ratio of 47.39, a P/E/G ratio of 2.23 and a beta of 2.12.

Saia (NASDAQ:SAIA) last released its earnings results on Thursday, April 30th. The transportation company reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $0.04. Saia had a return on equity of 9.60% and a net margin of 7.84%.The company had revenue of $806.23 million during the quarter, compared to the consensus estimate of $789.08 million. During the same quarter last year, the company earned $1.86 earnings per share. Saia’s quarterly revenue was up 2.4% compared to the same quarter last year. On average, equities analysts anticipate that Saia, Inc. will post 11.38 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SAIA. Quarry LP raised its stake in shares of Saia by 8,400.0% during the 4th quarter. Quarry LP now owns 85 shares of the transportation company’s stock worth $28,000 after buying an additional 84 shares during the last quarter. State of Wyoming acquired a new position in shares of Saia during the 3rd quarter worth $30,000. Los Angeles Capital Management LLC acquired a new position in shares of Saia during the 4th quarter worth $36,000. Torren Management LLC acquired a new position in shares of Saia during the 4th quarter worth $40,000. Finally, Allworth Financial LP raised its stake in shares of Saia by 69.0% during the 3rd quarter. Allworth Financial LP now owns 142 shares of the transportation company’s stock worth $43,000 after buying an additional 58 shares during the last quarter.

About Saia

Saia, Inc is a publicly traded transportation company specializing in less-than-truckload (LTL) freight services across North America. Headquartered in Johns Creek, Georgia, the company focuses on the efficient movement of time-sensitive freight for a diverse customer base that spans retail, manufacturing, automotive, and healthcare industries. By leveraging a network of terminals and service centers, Saia provides tailored solutions designed to optimize supply chain performance.

The company’s core offerings include regional, interregional, and national LTL shipping, supported by volumetric LTL and port intermodal services.