Brokerages Set Saia, Inc. (NASDAQ:SAIA) Target Price at $452.17

Saia, Inc. (NASDAQ:SAIA) has been given an average rating of “Hold” by the twenty-one ratings firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $453.5556.

A number of equities analysts recently commented on SAIA shares. Wells Fargo & Company raised their price target on shares of Saia from $445.00 to $490.00 and gave the stock an “equal weight” rating in a research report on Friday, June 5th. Citigroup raised their price target on shares of Saia from $428.00 to $516.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Morgan Stanley reaffirmed an “underweight” rating and set a $265.00 price target on shares of Saia in a research report on Friday, May 1st. The Goldman Sachs Group reaffirmed a “buy” rating and set a $441.00 price target on shares of Saia in a research report on Thursday, April 30th. Finally, Stifel Nicolaus set a $450.00 price target on shares of Saia in a research report on Friday, May 1st.

Saia Price Performance

NASDAQ:SAIA opened at $487.14 on Friday. Saia has a 52 week low of $249.00 and a 52 week high of $494.71. The firm has a market cap of $12.99 billion, a price-to-earnings ratio of 51.17, a P/E/G ratio of 2.21 and a beta of 2.10. The firm’s 50-day simple moving average is $438.59 and its 200 day simple moving average is $381.75. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.52 and a current ratio of 1.52.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $0.04. Saia had a net margin of 7.84% and a return on equity of 9.60%. The business had revenue of $806.23 million for the quarter, compared to analyst estimates of $789.08 million. During the same period last year, the firm earned $1.86 earnings per share. Saia’s revenue for the quarter was up 2.4% compared to the same quarter last year. As a group, sell-side analysts predict that Saia will post 11.4 earnings per share for the current year.

Hedge Funds Weigh In On Saia

Hedge funds have recently bought and sold shares of the business. Alliancebernstein L.P. grew its stake in Saia by 35.4% during the third quarter. Alliancebernstein L.P. now owns 2,273,396 shares of the transportation company’s stock worth $680,564,000 after buying an additional 594,674 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Saia by 2.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,798,841 shares of the transportation company’s stock worth $587,358,000 after buying an additional 43,690 shares in the last quarter. Capital International Investors grew its stake in Saia by 0.8% during the third quarter. Capital International Investors now owns 1,419,062 shares of the transportation company’s stock worth $424,794,000 after buying an additional 11,454 shares in the last quarter. Viking Global Investors LP grew its stake in Saia by 67.2% during the third quarter. Viking Global Investors LP now owns 1,383,888 shares of the transportation company’s stock worth $414,281,000 after buying an additional 556,229 shares in the last quarter. Finally, Invesco Ltd. grew its stake in Saia by 31.7% during the fourth quarter. Invesco Ltd. now owns 923,912 shares of the transportation company’s stock worth $301,676,000 after buying an additional 222,494 shares in 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.