Saia (NASDAQ:SAIA) Sets New 12-Month High After Analyst Upgrade

Saia, Inc. (NASDAQ:SAIA) hit a new 52-week high during trading on Monday after JPMorgan Chase & Co. raised their price target on the stock from $465.00 to $490.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Saia traded as high as $485.78 and last traded at $485.6650, with a volume of 19338 shares trading hands. The stock had previously closed at $466.51.

Several other analysts have also recently commented on SAIA. Jefferies Financial Group lifted their price objective on shares of Saia from $500.00 to $550.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. UBS Group reiterated a “buy” rating and issued a $493.00 target price on shares of Saia in a research note on Wednesday, February 11th. Stephens boosted their target price on shares of Saia from $414.00 to $445.00 and gave the company an “overweight” rating in a research note on Wednesday, February 11th. BMO Capital Markets boosted their target price on shares of Saia from $450.00 to $470.00 and gave the company a “market perform” rating in a research note on Thursday. Finally, Citigroup boosted their target price on shares of Saia from $428.00 to $516.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Ten analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $453.56.

Hedge Funds Weigh In On Saia

Large investors have recently added to or reduced their stakes in the stock. Quarry LP raised its position in Saia by 8,400.0% during the fourth quarter. Quarry LP now owns 85 shares of the transportation company’s stock worth $28,000 after acquiring an additional 84 shares during the period. State of Wyoming acquired a new position in Saia during the third quarter worth $30,000. Los Angeles Capital Management LLC purchased a new stake in shares of Saia during the fourth quarter worth $36,000. Torren Management LLC purchased a new stake in shares of Saia during the fourth quarter worth $40,000. Finally, Allworth Financial LP grew its holdings in shares of 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 Price Performance

The firm has a market cap of $12.95 billion, a PE ratio of 50.99, a price-to-earnings-growth ratio of 2.23 and a beta of 2.10. The stock’s fifty day moving average price is $427.54 and its 200-day moving average price is $375.60. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.52 and a quick ratio of 1.52.

Saia (NASDAQ:SAIA) last released its earnings results on Thursday, April 30th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.82 by $0.04. Saia had a net margin of 7.84% and a return on equity of 9.60%. 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 prior year, the firm earned $1.86 earnings per share. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. As a group, equities analysts expect that Saia, Inc. will post 11.39 EPS for the current fiscal year.

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.