Stephens upgraded shares of Saia (NASDAQ:SAIA – Free Report) to a strong-buy rating in a research report sent to investors on Wednesday,Zacks.com reports.
Several other equities analysts also recently weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of Saia from $465.00 to $490.00 and gave the stock an “overweight” rating in a report on Monday, June 8th. Susquehanna lifted their price objective on shares of Saia from $425.00 to $465.00 and gave the company a “neutral” rating in a research note on Tuesday, June 2nd. Wall Street Zen upgraded shares of Saia from a “sell” rating to a “hold” rating in a research note on Monday, May 4th. Wells Fargo & Company upped their price objective on shares of Saia from $445.00 to $490.00 and gave the company an “equal weight” rating in a report on Friday, June 5th. Finally, Jefferies Financial Group increased their price objective 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. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $458.50.
Read Our Latest Stock 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 earnings per share for the quarter, beating analysts’ consensus estimates of $1.82 by $0.04. Saia had a return on equity of 9.60% and a net margin of 7.84%.The business had revenue of $806.23 million for the quarter, compared to analyst estimates of $789.08 million. During the same period in the prior year, the company earned $1.86 earnings per share. The company’s revenue was up 2.4% on a year-over-year basis. As a group, research analysts predict that Saia will post 11.53 EPS for the current year.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the stock. Quarry LP grew its stake in shares of Saia by 8,400.0% during the 4th quarter. Quarry LP now owns 85 shares of the transportation company’s stock worth $28,000 after purchasing an additional 84 shares during the period. Los Angeles Capital Management LLC purchased a new position in shares of Saia during the 4th quarter valued at approximately $36,000. Torren Management LLC acquired a new position in shares of Saia in the 4th quarter valued at $40,000. Larson Financial Group LLC lifted its stake in shares of Saia by 1,612.5% in the 4th quarter. Larson Financial Group LLC now owns 137 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 129 shares during the period. Finally, Allworth Financial LP boosted its holdings in Saia by 69.0% during the third quarter. Allworth Financial LP now owns 142 shares of the transportation company’s stock worth $43,000 after buying an additional 58 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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