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

Saia, Inc. (NASDAQ:SAIA) has been assigned an average rating of “Moderate Buy” from the sixteen brokerages that are covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $492.00.

SAIA has been the topic of a number of recent research reports. Benchmark reiterated a “buy” rating and set a $480.00 price target on shares of Saia in a research report on Thursday, September 19th. Jefferies Financial Group raised their price target on Saia from $480.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. TD Cowen raised their price objective on Saia from $416.00 to $418.00 and gave the company a “hold” rating in a research report on Thursday, September 5th. Wells Fargo & Company raised their price target on Saia from $400.00 to $410.00 and gave the company an “equal weight” rating in a report on Thursday, September 5th. Finally, Citigroup initiated coverage on Saia in a report on Wednesday, October 9th. They set a “buy” rating and a $518.00 price target for the company.

Saia Stock Down 0.3 %

SAIA stock opened at $461.97 on Tuesday. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.08. The company’s 50 day moving average is $412.16 and its 200 day moving average is $444.57. The stock has a market cap of $12.28 billion, a price-to-earnings ratio of 32.51, a price-to-earnings-growth ratio of 2.08 and a beta of 1.74. Saia has a 1-year low of $341.26 and a 1-year high of $628.34.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Friday, July 26th. The transportation company reported $3.83 EPS for the quarter, missing analysts’ consensus estimates of $4.00 by ($0.17). Saia had a net margin of 12.26% and a return on equity of 19.14%. The business had revenue of $823.24 million for the quarter, compared to the consensus estimate of $821.60 million. Sell-side analysts predict that Saia will post 13.94 EPS for the current fiscal year.

Institutional Investors Weigh In On Saia

A number of large investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Saia by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 2,505,108 shares of the transportation company’s stock valued at $1,465,488,000 after purchasing an additional 15,605 shares during the period. Capital Research Global Investors grew its stake in shares of Saia by 16.2% during the 1st quarter. Capital Research Global Investors now owns 1,069,332 shares of the transportation company’s stock valued at $625,559,000 after purchasing an additional 149,074 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Saia by 2.6% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 869,859 shares of the transportation company’s stock valued at $412,566,000 after purchasing an additional 22,143 shares during the period. Vaughan Nelson Investment Management L.P. grew its stake in shares of Saia by 6.8% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 708,420 shares of the transportation company’s stock valued at $414,425,000 after purchasing an additional 45,155 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of Saia by 15.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 235,401 shares of the transportation company’s stock valued at $111,648,000 after purchasing an additional 31,397 shares during the period.

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.