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

Saia, Inc. (NASDAQ:SAIA) has received an average rating of “Moderate Buy” from the twenty-two brokerages that are covering the firm, MarketBeat reports. Eleven analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $349.8947.

A number of research firms have recently issued reports on SAIA. Zacks Research raised shares of Saia from a “strong sell” rating to a “hold” rating in a report on Monday, August 25th. Wolfe Research upgraded Saia from a “hold” rating to a “strong-buy” rating in a report on Sunday, June 8th. Citigroup reduced their price target on Saia from $393.00 to $373.00 and set a “buy” rating on the stock in a report on Wednesday, September 10th. Evercore ISI reduced their price target on Saia from $345.00 to $328.00 and set an “outperform” rating on the stock in a report on Tuesday. Finally, JPMorgan Chase & Co. lifted their price target on Saia from $295.00 to $380.00 and gave the stock an “overweight” rating in a report on Monday, July 28th.

Saia Price Performance

Saia stock opened at $297.42 on Tuesday. Saia has a 52-week low of $229.12 and a 52-week high of $624.55. The firm has a market capitalization of $7.92 billion, a price-to-earnings ratio of 27.46, a PEG ratio of 13.61 and a beta of 2.00. The company has a fifty day simple moving average of $302.48 and a 200-day simple moving average of $298.21. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.13.

Saia (NASDAQ:SAIA) last released its earnings results on Friday, July 25th. The transportation company reported $2.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.39 by $0.28. Saia had a net margin of 8.96% and a return on equity of 12.42%. The business had revenue of $817.12 million during the quarter, compared to analyst estimates of $826.59 million. During the same quarter in the prior year, the firm earned $3.83 earnings per share. The company’s revenue for the quarter was down .7% compared to the same quarter last year. On average, equities analysts anticipate that Saia will post 15.46 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Inspire Investing LLC purchased a new position in shares of Saia during the 1st quarter worth $303,000. Hunter Associates Investment Management LLC grew its holdings in shares of Saia by 55.6% during the 1st quarter. Hunter Associates Investment Management LLC now owns 11,030 shares of the transportation company’s stock worth $3,832,000 after purchasing an additional 3,940 shares during the period. Running Oak Capital LLC grew its holdings in shares of Saia by 28.1% during the 1st quarter. Running Oak Capital LLC now owns 38,760 shares of the transportation company’s stock worth $13,544,000 after purchasing an additional 8,501 shares during the period. Blueshift Asset Management LLC purchased a new position in shares of Saia during the 1st quarter worth $483,000. Finally, Marks Group Wealth Management Inc grew its holdings in shares of Saia by 11.5% during the 1st quarter. Marks Group Wealth Management Inc now owns 21,429 shares of the transportation company’s stock worth $7,488,000 after purchasing an additional 2,212 shares during the period.

About Saia

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.