Research Analysts’ Weekly Ratings Changes for Saia (SAIA)

A number of firms have modified their ratings and price targets on shares of Saia (NASDAQ: SAIA) recently:

• 10/10/2024 – Saia had its price target raised by analysts at Jefferies Financial Group Inc. from $480.00 to $500.00. They now have a “buy” rating on the stock.
• 10/9/2024 – Saia was upgraded by analysts at Wolfe Research from a “peer perform” rating to an “outperform” rating. They now have a $511.00 price target on the stock.
• 10/9/2024 – Saia had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $510.00 to $490.00. They now have a “neutral” rating on the stock.
• 10/9/2024 – Saia is now covered by analysts at Citigroup Inc.. They set a “buy” rating and a $518.00 price target on the stock.
• 10/3/2024 – Saia had its price target lowered by analysts at Evercore ISI from $503.00 to $488.00. They now have an “outperform” rating on the stock.
• 9/19/2024 – Saia had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $480.00 price target on the stock.
• 9/18/2024 – Saia had its price target raised by analysts at Susquehanna from $550.00 to $585.00. They now have a “positive” rating on the stock.
• 9/6/2024 – Saia had its price target raised by analysts at JPMorgan Chase & Co. from $479.00 to $481.00. They now have an “overweight” rating on the stock.
• 9/5/2024 – Saia had its price target raised by analysts at TD Cowen from $416.00 to $418.00. They now have a “hold” rating on the stock.
• 9/5/2024 – Saia had its price target raised by analysts at Wells Fargo & Company from $400.00 to $410.00. They now have an “equal weight” rating on the stock.
• 9/5/2024 – Saia had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $480.00 price target on the stock.
• 9/5/2024 – Saia had its price target raised by analysts at Bank of America Co. from $443.00 to $460.00. They now have a “buy” rating on the stock.

Saia Stock Down 2.4 %

Shares of NASDAQ:SAIA traded down $10.83 during trading on Friday, hitting $435.85. 175,636 shares of the company were exchanged, compared to its average volume of 381,268. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.08. The firm has a fifty day moving average price of $416.22 and a two-hundred day moving average price of $443.77. The stock has a market cap of $11.59 billion, a price-to-earnings ratio of 30.67, a P/E/G ratio of 2.17 and a beta of 1.74. Saia, Inc. has a fifty-two week low of $341.26 and a fifty-two week high of $628.34.

Saia (NASDAQ:SAIA) last released its earnings results on Friday, July 26th. The transportation company reported $3.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.00 by ($0.17). Saia had a net margin of 12.26% and a return on equity of 19.14%. The business had revenue of $823.24 million during the quarter, compared to the consensus estimate of $821.60 million. As a group, research analysts anticipate that Saia, Inc. will post 13.99 earnings per share for the current fiscal year.

Institutional Trading of Saia

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. lifted its position in shares of Saia by 161.5% in the 2nd quarter. Blue Trust Inc. now owns 68 shares of the transportation company’s stock worth $32,000 after purchasing an additional 42 shares during the period. Quarry LP bought a new stake in Saia during the second quarter valued at $41,000. International Assets Investment Management LLC acquired a new stake in Saia during the 2nd quarter worth about $42,000. Paladin Wealth LLC bought a new stake in shares of Saia during the 3rd quarter valued at about $40,000. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in Saia by 754.5% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 94 shares of the transportation company’s stock worth $45,000 after purchasing an additional 83 shares during the period.

Saia, Inc, together with 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. It also offers other value-added services, including non-asset truckload, expedited, and logistics services.