Saia, Inc. (NASDAQ:SAIA) Given Average Recommendation of “Hold” by Brokerages

Shares of Saia, Inc. (NASDAQ:SAIA) have been given a consensus recommendation of “Hold” by the twenty brokerages that are currently covering the firm, Marketbeat Ratings reports. Twelve analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $345.16.

Several equities analysts have weighed in on SAIA shares. The Goldman Sachs Group dropped their price objective on Saia from $485.00 to $387.00 and set a “neutral” rating on the stock in a research note on Monday, April 28th. Evercore ISI dropped their price target on shares of Saia from $415.00 to $298.00 and set an “outperform” rating on the stock in a research report on Monday, April 28th. Bank of America upped their price objective on shares of Saia from $251.00 to $300.00 and gave the stock a “neutral” rating in a research report on Friday, May 16th. JPMorgan Chase & Co. decreased their price objective on shares of Saia from $436.00 to $299.00 and set an “overweight” rating for the company in a research note on Monday, April 28th. Finally, BMO Capital Markets downgraded Saia from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $455.00 to $285.00 in a research note on Friday, April 25th.

Saia Price Performance

Shares of NASDAQ SAIA opened at $275.01 on Wednesday. The firm has a market capitalization of $7.32 billion, a P/E ratio of 20.36, a P/E/G ratio of 2.24 and a beta of 2.03. The firm’s 50-day moving average price is $309.29 and its 200-day moving average price is $417.80. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. Saia has a 1-year low of $229.12 and a 1-year high of $624.55.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Friday, April 25th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.77 by ($0.91). The company had revenue of $787.58 million for the quarter, compared to analyst estimates of $806.18 million. Saia had a net margin of 11.28% and a return on equity of 16.63%. Saia’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter last year, the firm posted $3.38 EPS. Equities research analysts anticipate that Saia will post 15.46 earnings per share for the current fiscal year.

Institutional Trading of Saia

A number of hedge funds have recently made changes to their positions in SAIA. Mattson Financial Services LLC raised its position in Saia by 17.5% during the first quarter. Mattson Financial Services LLC now owns 382 shares of the transportation company’s stock valued at $133,000 after purchasing an additional 57 shares in the last quarter. Intech Investment Management LLC increased its position in shares of Saia by 473.6% during the 1st quarter. Intech Investment Management LLC now owns 11,747 shares of the transportation company’s stock valued at $4,105,000 after purchasing an additional 9,699 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Saia by 1.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 86,083 shares of the transportation company’s stock valued at $30,080,000 after purchasing an additional 1,600 shares during the last quarter. Woodline Partners LP purchased a new position in shares of Saia during the 1st quarter valued at about $14,656,000. Finally, United Services Automobile Association bought a new stake in Saia in the 1st quarter worth approximately $618,000.

Saia Company Profile

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.