Brokerages Set Saia, Inc. (NASDAQ:SAIA) PT at $216.79

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.

Saia (NASDAQ:SAIA) last issued its earnings results on Wednesday, April 28th. The transportation company reported $1.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.37 by $0.03. The company had revenue of $484.00 million for the quarter, compared to analysts’ expectations of $479.85 million. Saia had a net margin of 7.93% and a return on equity of 15.73%. The firm’s revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.06 earnings per share. On average, sell-side analysts predict that Saia will post 6.99 earnings per share for the current fiscal year.

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.

About Saia

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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Analyst Recommendations for Saia (NASDAQ:SAIA)

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