Shares of Saia, Inc. (NASDAQ:SAIA – Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as $474.04 and last traded at $473.47, with a volume of 11160 shares. The stock had previously closed at $456.23.
Analysts Set New Price Targets
SAIA has been the topic of several recent research reports. Evercore set a $476.00 price target on Saia in a report on Friday, May 1st. Morgan Stanley restated an “underweight” rating and set a $265.00 target price on shares of Saia in a research report on Friday, May 1st. Raymond James Financial reaffirmed an “outperform” rating and issued a $477.00 target price on shares of Saia in a research note on Friday, May 1st. JPMorgan Chase & Co. lifted their price target on shares of Saia from $402.00 to $465.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Finally, Jefferies Financial Group boosted their price target on shares of Saia from $500.00 to $550.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Ten equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Saia currently has a consensus rating of “Hold” and an average price target of $444.94.
View Our Latest Analysis on Saia
Saia Price Performance
Saia (NASDAQ:SAIA – Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.82 by $0.04. Saia had a net margin of 7.84% and a return on equity of 9.60%. The company had revenue of $806.23 million for the quarter, compared to analysts’ expectations of $789.08 million. During the same period last year, the firm posted $1.86 earnings per share. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. As a group, equities analysts forecast that Saia, Inc. will post 11.38 earnings per share for the current year.
Institutional Investors Weigh In On Saia
Several institutional investors and hedge funds have recently added to or reduced their stakes in SAIA. Alliancebernstein L.P. increased its position in shares of Saia by 35.4% in the third quarter. Alliancebernstein L.P. now owns 2,273,396 shares of the transportation company’s stock valued at $680,564,000 after acquiring an additional 594,674 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Saia by 2.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,798,841 shares of the transportation company’s stock valued at $587,358,000 after purchasing an additional 43,690 shares during the last quarter. Capital International Investors grew its stake in Saia by 0.8% in the third quarter. Capital International Investors now owns 1,419,062 shares of the transportation company’s stock valued at $424,794,000 after purchasing an additional 11,454 shares in the last quarter. Viking Global Investors LP increased its position in shares of Saia by 67.2% during the 3rd quarter. Viking Global Investors LP now owns 1,383,888 shares of the transportation company’s stock worth $414,281,000 after purchasing an additional 556,229 shares during the last quarter. Finally, Invesco Ltd. raised its stake in shares of Saia by 31.7% during the 4th quarter. Invesco Ltd. now owns 923,912 shares of the transportation company’s stock worth $301,676,000 after purchasing an additional 222,494 shares in the last quarter.
Saia Company Profile
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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