Fintel reports that on October 9, 2024, Wolfe Research upgraded their outlook for Saia (NasdaqGS:SAIA) from Peer Perform to Outperform.
Analyst Price Forecast Suggests 6.81% Upside
As of September 25, 2024, the average one-year price target for Saia is $478.33/share. The forecasts range from a low of $272.70 to a high of $614.25. The average price target represents an increase of 6.81% from its latest reported closing price of $447.83 / share.
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The projected annual revenue for Saia is 2,902MM, a decrease of 6.52%. The projected annual non-GAAP EPS is 13.83.
What is the Fund Sentiment?
There are 1,136 funds or institutions reporting positions in Saia. This is an decrease of 33 owner(s) or 2.82% in the last quarter. Average portfolio weight of all funds dedicated to SAIA is 0.29%, an increase of 14.95%. Total shares owned by institutions increased in the last three months by 4.86% to 38,368K shares. 
The put/call ratio of SAIA is 0.94, indicating a bullish outlook.
What are Other Shareholders Doing?
Price T Rowe Associates holds 2,614K shares representing 9.86% ownership of the company. In its prior filing, the firm reported owning 1,711K shares , representing an increase of 34.56%. The firm increased its portfolio allocation in SAIA by 20.95% over the last quarter.
Capital International Investors holds 2,057K shares representing 7.76% ownership of the company. In its prior filing, the firm reported owning 2,403K shares , representing a decrease of 16.82%. The firm decreased its portfolio allocation in SAIA by 29.45% over the last quarter.
SMCWX - SMALLCAP WORLD FUND INC holds 1,479K shares representing 5.58% ownership of the company. In its prior filing, the firm reported owning 1,649K shares , representing a decrease of 11.52%. The firm decreased its portfolio allocation in SAIA by 25.04% over the last quarter.
Capital Research Global Investors holds 1,272K shares representing 4.80% ownership of the company. In its prior filing, the firm reported owning 1,069K shares , representing an increase of 15.91%. The firm decreased its portfolio allocation in SAIA by 6.49% over the last quarter.
PRNHX - T. Rowe Price New Horizons Fund holds 1,165K shares representing 4.39% ownership of the company. In its prior filing, the firm reported owning 1,065K shares , representing an increase of 8.60%. The firm increased its portfolio allocation in SAIA by 3.23% over the last quarter.
Saia Background Information
(This description is provided by the company.)
Saia Inc. offers customers a wide range of less-than-truckload, non-asset truckload, expedited and logistics services. With headquarters in Johns Creek, Georgia, Saia LTL Freight operates 169 terminals across the country and employs over 10,500 people. Saia LTL Freight has been recognized by the American Trucking Associations Safety Management Council for its outstanding safety record as well as by the Environmental Protection Agency's SmartWay program for its efforts to reduce its environmental impact.
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