Saia (NASDAQ:SAIA) Upgraded by Evercore to “Outperform” Rating

Saia (NASDAQ:SAIA) was upgraded by equities researchers at Evercore from an “in-line” rating to an “outperform” rating in a research note issued to investors on Wednesday.

A number of other research firms have also recently weighed in on SAIA. Stifel Nicolaus set a $450.00 price target on shares of Saia in a report on Friday, May 1st. Raymond James Financial reiterated an “outperform” rating and set a $477.00 price objective on shares of Saia in a research note on Friday, May 1st. Susquehanna increased their target price on shares of Saia from $425.00 to $465.00 and gave the company a “neutral” rating in a research report on Tuesday, June 2nd. Wall Street Zen upgraded shares of Saia from a “sell” rating to a “hold” rating in a research note on Monday, May 4th. Finally, TD Cowen lifted their price target on shares of Saia from $367.00 to $445.00 and gave the stock a “hold” rating in a report on Friday, May 1st. Ten equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $456.94.

Saia Trading Down 1.1%

SAIA opened at $421.16 on Wednesday. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.04. The firm has a market cap of $11.23 billion, a price-to-earnings ratio of 44.24, a PEG ratio of 2.03 and a beta of 2.10. Saia has a 12 month low of $249.32 and a 12 month high of $494.71. The stock has a fifty day moving average price of $451.51 and a 200-day moving average price of $393.88.

Saia (NASDAQ:SAIA) last issued its quarterly earnings data on Thursday, April 30th. The transportation company reported $1.86 earnings per share 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 for 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. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Saia will post 11.4 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Saia

A number of large investors have recently modified their holdings of SAIA. Viking Global Investors LP acquired a new position in shares of Saia during the second quarter valued at about $226,770,000. Invesco Ltd. boosted its stake in Saia by 1,300.4% in the 3rd quarter. Invesco Ltd. now owns 701,418 shares of the transportation company’s stock worth $209,976,000 after purchasing an additional 651,332 shares in the last quarter. Alliancebernstein L.P. boosted its stake in Saia by 35.4% in the 3rd quarter. Alliancebernstein L.P. now owns 2,273,396 shares of the transportation company’s stock worth $680,564,000 after purchasing an additional 594,674 shares in the last quarter. Norges Bank purchased a new stake in Saia during the 4th quarter worth approximately $130,411,000. Finally, First Trust Advisors LP grew its holdings in shares of Saia by 141.3% during the third quarter. First Trust Advisors LP now owns 557,129 shares of the transportation company’s stock valued at $166,782,000 after buying an additional 326,206 shares during the last quarter.

Saia Company Profile

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.