Saia, Inc. (NASDAQ:SAIA – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $468.00 and last traded at $467.7270, with a volume of 87938 shares changing hands. The stock had previously closed at $448.95.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of Saia from $402.00 to $465.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Wells Fargo & Company upped their target price on shares of Saia from $395.00 to $445.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. Jefferies Financial Group upped their target price on shares of Saia from $500.00 to $550.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Raymond James Financial restated an “outperform” rating and issued a $477.00 target price on shares of Saia in a report on Friday, May 1st. Finally, Stephens upped their target price on shares of Saia from $414.00 to $445.00 and gave the company an “overweight” rating in a report on Wednesday, February 11th. 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’s stock. According to MarketBeat, Saia presently has a consensus rating of “Hold” and a consensus price target of $444.94.
Check Out Our Latest Analysis on Saia
Saia Stock Performance
Saia (NASDAQ:SAIA – Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The transportation company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $0.04. The company had revenue of $806.23 million during the quarter, compared to the consensus estimate of $789.08 million. Saia had a net margin of 7.84% and a return on equity of 9.60%. Saia’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.86 EPS. As a group, equities analysts anticipate that Saia, Inc. will post 11.38 EPS for the current year.
Hedge Funds Weigh In On Saia
A number of large investors have recently bought and sold shares of SAIA. Viking Global Investors LP purchased a new position in Saia during the 2nd quarter worth $226,770,000. Invesco Ltd. increased its holdings in shares of Saia by 1,300.4% in the 3rd quarter. Invesco Ltd. now owns 701,418 shares of the transportation company’s stock valued at $209,976,000 after purchasing an additional 651,332 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of Saia by 35.4% in the 3rd quarter. Alliancebernstein L.P. now owns 2,273,396 shares of the transportation company’s stock valued at $680,564,000 after purchasing an additional 594,674 shares in the last quarter. Norges Bank purchased a new position in shares of Saia in the 4th quarter valued at about $130,411,000. Finally, First Trust Advisors LP increased its holdings in shares of Saia by 141.3% in the 3rd quarter. First Trust Advisors LP now owns 557,129 shares of the transportation company’s stock valued at $166,782,000 after purchasing an additional 326,206 shares in the last quarter.
About Saia
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.
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