Saia, Inc. (NASDAQ:SAIA) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Saia, Inc. (NASDAQ:SAIA) have earned a consensus recommendation of “Moderate Buy” from the twenty-two brokerages that are covering the firm, Marketbeat reports. Eleven research analysts have rated the stock with a hold recommendation, ten have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $337.6667.

Several brokerages have commented on SAIA. Raymond James Financial lowered their price objective on shares of Saia from $360.00 to $355.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 14th. Wells Fargo & Company decreased their price target on shares of Saia from $365.00 to $330.00 and set an “equal weight” rating for the company in a research note on Monday, October 6th. Zacks Research raised shares of Saia from a “strong sell” rating to a “hold” rating in a report on Monday, August 25th. Weiss Ratings reissued a “hold (c-)” rating on shares of Saia in a report on Monday. Finally, Stifel Nicolaus decreased their target price on Saia from $306.00 to $298.00 and set a “hold” rating for the company in a research report on Tuesday, October 28th.

Institutional Investors Weigh In On Saia

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SAIA. Parkside Financial Bank & Trust boosted its position in Saia by 177.5% during the second quarter. Parkside Financial Bank & Trust now owns 111 shares of the transportation company’s stock worth $30,000 after purchasing an additional 71 shares during the period. State of Wyoming purchased a new stake in shares of Saia during the 3rd quarter valued at approximately $30,000. AlphaQuest LLC bought a new position in Saia in the 2nd quarter worth approximately $41,000. Blue Trust Inc. grew its stake in Saia by 52.9% in the 2nd quarter. Blue Trust Inc. now owns 208 shares of the transportation company’s stock valued at $57,000 after buying an additional 72 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC grew its stake in Saia by 6,400.0% in the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 195 shares of the transportation company’s stock valued at $58,000 after buying an additional 192 shares in the last quarter.

Saia Stock Performance

SAIA stock opened at $261.48 on Wednesday. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.13. The firm has a market cap of $6.97 billion, a PE ratio of 24.14, a P/E/G ratio of 12.90 and a beta of 2.07. The business has a 50 day moving average of $296.24 and a 200-day moving average of $289.24. Saia has a 12-month low of $229.12 and a 12-month high of $587.86.

Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Thursday, October 30th. The transportation company reported $2.81 earnings per share for the quarter, topping the consensus estimate of $2.53 by $0.28. The business had revenue of $839.64 million for the quarter, compared to analysts’ expectations of $824.06 million. Saia had a return on equity of 12.42% and a net margin of 8.96%.The business’s revenue was down .3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.46 earnings per share. As a group, sell-side analysts expect that Saia will post 15.46 earnings per share for the current year.

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.