Saia’s (SAIA) Maintains Rating Reiterated at Raymond James

Raymond James reissued their maintains rating on shares of Saia (NASDAQ:SAIA – Get Rating) in a report issued on Thursday, Benzinga reports.

Several other research firms have also recently issued reports on SAIA. Evercore ISI lowered their price objective on shares of Saia from $298.00 to $250.00 and set an outperform rating for the company in a research report on Tuesday, July 12th. UBS Group raised shares of Saia from a neutral rating to a buy rating and upped their price target for the stock from $213.00 to $240.00 in a research report on Monday, May 23rd. Morgan Stanley lowered their price target on shares of Saia from $190.00 to $180.00 and set an underweight rating for the company in a research report on Friday, July 8th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Saia from $377.00 to $300.00 in a research report on Thursday. Finally, StockNews.com initiated coverage on shares of Saia in a research report on Thursday, March 31st. They issued a hold rating for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Saia currently has a consensus rating of Moderate Buy and an average target price of $268.71.

Saia Price Performance

Saia stock opened at $237.85 on Thursday. The stock has a market cap of $6.28 billion, a price-to-earnings ratio of 21.51, a price-to-earnings-growth ratio of 0.75 and a beta of 1.34. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.51 and a quick ratio of 1.51. Saia has a 1 year low of $168.03 and a 1 year high of $365.50. The firm has a 50-day moving average of $196.97 and a two-hundred day moving average of $230.49.

Saia (NASDAQ:SAIA – Get Rating) last released its quarterly earnings data on Wednesday, July 27th. The transportation company reported $4.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.48 by $0.62. The company had revenue of $745.55 million during the quarter, compared to analysts’ expectations of $731.26 million. Saia had a net margin of 11.98% and a return on equity of 24.76%. The firm’s quarterly revenue was up 30.5% on a year-over-year basis. During the same period in the previous year, the company earned $2.34 EPS. On average, research analysts forecast that Saia will post 12.83 earnings per share for the current year.

Institutional Investors Weigh In On Saia

A number of hedge funds and other institutional investors have recently bought and sold shares of SAIA. Congress Asset Management Co. MA lifted its position in Saia by 21,243.8% during the first quarter. Congress Asset Management Co. MA now owns 451,207 shares of the transportation company’s stock valued at $110,013,000 after acquiring an additional 449,093 shares during the last quarter. Artemis Investment Management LLP increased its stake in Saia by 52.5% during the 1st quarter. Artemis Investment Management LLP now owns 1,025,569 shares of the transportation company’s stock valued at $249,643,000 after purchasing an additional 353,020 shares in the last quarter. Capital International Investors increased its stake in Saia by 28.0% during the 4th quarter. Capital International Investors now owns 1,437,238 shares of the transportation company’s stock valued at $484,392,000 after purchasing an additional 314,246 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Saia by 49.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 712,195 shares of the transportation company’s stock valued at $173,648,000 after purchasing an additional 236,105 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in Saia by 83.9% during the 1st quarter. Bank of America Corp DE now owns 269,130 shares of the transportation company’s stock valued at $65,618,000 after purchasing an additional 122,808 shares in the last quarter.

Saia Company Profile

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Saia, Inc, through its subsidiaries, operates as a transportation company in North America. The company provides less-than-truckload services for shipments between 400 and 10,000 pounds; and other value-added services, including non-asset truckload, expedited, and logistics services. As of December 31, 2021, it operated 176 owned and leased facilities; and owned approximately 5,600 tractors and 19,300 trailers.

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