Saia (NASDAQ:SAIA) Upgraded at Stephens

Saia (NASDAQ:SAIAGet Free Report) was upgraded by analysts at Stephens to a “strong-buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

Other equities research analysts have also issued reports about the stock. Wells Fargo & Company increased their target price on shares of Saia from $445.00 to $490.00 and gave the stock an “equal weight” rating in a report on Friday, June 5th. Jefferies Financial Group upped their price target on shares of Saia from $500.00 to $550.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Susquehanna increased their price objective on shares of Saia from $425.00 to $465.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 2nd. Benchmark reiterated a “buy” rating on shares of Saia in a research note on Wednesday, June 3rd. Finally, The Goldman Sachs Group upped their price objective on Saia from $441.00 to $494.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Saia has an average rating of “Hold” and a consensus target price of $460.50.

View Our Latest Stock Analysis on SAIA

Saia Trading Down 0.3%

Shares of SAIA stock opened at $414.65 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.52 and a quick ratio of 1.52. The company has a market cap of $11.06 billion, a price-to-earnings ratio of 43.56, a PEG ratio of 1.96 and a beta of 2.13. Saia has a 1 year low of $249.32 and a 1 year high of $494.71. The firm has a fifty day moving average price of $448.57 and a 200-day moving average price of $397.22.

Saia (NASDAQ:SAIAGet Free Report) last released its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $789.08 million. During the same quarter in the previous year, the company posted $1.86 earnings per share. Saia’s revenue for the quarter was up 2.4% on a year-over-year basis. As a group, equities analysts predict that Saia will post 11.53 earnings per share for the current year.

Hedge Funds Weigh In On Saia

Several institutional investors have recently added to or reduced their stakes in SAIA. PensionDanmark Pensionsforsikringsaktieselskab raised its holdings in shares of Saia by 23.2% during the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 7,000 shares of the transportation company’s stock worth $2,948,000 after acquiring an additional 1,320 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in Saia in the second quarter worth $16,908,000. GAMMA Investing LLC increased its position in Saia by 18.4% in the second quarter. GAMMA Investing LLC now owns 747 shares of the transportation company’s stock worth $315,000 after purchasing an additional 116 shares during the last quarter. Harbor Investment Advisory LLC bought a new position in Saia during the second quarter valued at $87,000. Finally, Versant Capital Management Inc lifted its position in Saia by 65.6% during the second quarter. Versant Capital Management Inc now owns 154 shares of the transportation company’s stock valued at $65,000 after purchasing an additional 61 shares during the last quarter.

Saia Company Profile

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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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Analyst Recommendations for Saia (NASDAQ:SAIA)

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