Saia (NASDAQ:SAIA) Sets New 12-Month High – Time to Buy?

Saia, Inc. (NASDAQ:SAIA) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $468.00 and last traded at $467.7270, with a volume of 87938 shares trading hands. The stock had previously closed at $448.95.

Analyst Upgrades and Downgrades

SAIA has been the subject of a number of research analyst reports. Jefferies Financial Group increased their price target on shares of Saia from $500.00 to $550.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Benchmark increased their price target on shares of Saia from $425.00 to $500.00 and gave the company a “buy” rating in a report on Friday, May 1st. Stifel Nicolaus set a $450.00 price target on shares of Saia in a report on Friday, May 1st. Bank of America increased their price target on shares of Saia from $413.00 to $429.00 and gave the company a “neutral” rating in a report on Tuesday, March 3rd. Finally, Morgan Stanley reiterated an “underweight” rating and issued a $265.00 price target on shares of Saia in a report on Friday, May 1st. Ten investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $444.94.

Saia Price Performance

The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.52 and a current ratio of 1.52. The company’s fifty day simple moving average is $392.53 and its two-hundred day simple moving average is $358.39. The stock has a market capitalization of $12.46 billion, a PE ratio of 49.28, a P/E/G ratio of 2.19 and a beta of 2.12.

Saia (NASDAQ:SAIA) last posted its earnings results on Thursday, April 30th. The transportation company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.82 by $0.04. Saia had a net margin of 7.84% and a return on equity of 9.60%. The firm had revenue of $806.23 million during the quarter, compared to the consensus estimate of $789.08 million. During the same period last year, the firm posted $1.86 EPS. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. As a group, sell-side analysts predict that Saia, Inc. will post 11.38 EPS for the current year.

Hedge Funds Weigh In On Saia

Several hedge funds have recently added to or reduced their stakes in SAIA. Quarry LP boosted 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 last quarter. State of Wyoming acquired a new stake in shares of Saia in the third quarter worth approximately $30,000. Los Angeles Capital Management LLC acquired a new position in Saia during the fourth quarter valued at approximately $36,000. Torren Management LLC acquired a new position in Saia during the fourth quarter valued at approximately $40,000. Finally, Allworth Financial LP lifted its position in Saia by 69.0% during the third quarter. Allworth Financial LP now owns 142 shares of the transportation company’s stock valued at $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.