Saia, Inc. (NASDAQ:SAIA) has been assigned an average rating of “Hold” from the fourteen research firms that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $216.79.
SAIA has been the topic of a number of research reports. Morgan Stanley increased their target price on shares of Saia from $115.00 to $125.00 and gave the stock an “underweight” rating in a report on Tuesday, April 6th. Truist increased their target price on shares of Saia from $220.00 to $265.00 in a report on Thursday, April 15th. Zacks Investment Research raised shares of Saia from a “hold” rating to a “buy” rating and set a $250.00 target price on the stock in a report on Thursday, May 27th. Stephens raised shares of Saia from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $230.00 to $295.00 in a report on Wednesday, April 7th. Finally, The Goldman Sachs Group increased their price objective on shares of Saia from $188.00 to $200.00 and gave the stock a “neutral” rating in a report on Wednesday, March 10th.
Shares of NASDAQ:SAIA opened at $200.37 on Tuesday. The firm has a market capitalization of $5.28 billion, a PE ratio of 36.17, a price-to-earnings-growth ratio of 1.39 and a beta of 1.25. Saia has a 1-year low of $100.39 and a 1-year high of $249.30. The business’s fifty day simple moving average is $231.90. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.05.
Institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its position in Saia by 9.3% in the 4th quarter. JPMorgan Chase & Co. now owns 843,996 shares of the transportation company’s stock valued at $152,595,000 after buying an additional 71,773 shares in the last quarter. Cigna Investments Inc. New bought a new position in Saia in the 1st quarter valued at about $228,000. Natixis Advisors L.P. grew its position in Saia by 68.0% in the 1st quarter. Natixis Advisors L.P. now owns 174,507 shares of the transportation company’s stock valued at $40,237,000 after buying an additional 70,612 shares in the last quarter. ProShare Advisors LLC grew its position in Saia by 71.1% in the 4th quarter. ProShare Advisors LLC now owns 6,322 shares of the transportation company’s stock valued at $1,143,000 after buying an additional 2,628 shares in the last quarter. Finally, Profund Advisors LLC grew its position in Saia by 40.7% in the 4th quarter. Profund Advisors LLC now owns 3,075 shares of the transportation company’s stock valued at $556,000 after buying an additional 890 shares in the last quarter.
Saia, Inc, through 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. As of December 31, 2020, it operated 174 owned and leased facilities; and owned approximately 5,700 tractors and 17,400 trailers.
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