J.P. Morgan analyst Brian Ossenbeck maintains $Saia (SAIA.US)$ with a buy rating, and adjusts the target price from $481 to $501.
According to TipRanks data, the analyst has a success rate of 48.0% and a total average return of 6.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Saia (SAIA.US)$'s main analysts recently are as follows:
The firm's expectations for third-quarter earnings per share for less-than-truckload shippers have decreased, leading to a reduction in the EPS forecasts for 2025/2026 based on lower starting points. This adjustment primarily stems from the generally weak mid-third-quarter operational updates from the sector, although Saia maintains 'still-solid volume intake trends' as it continues to expand its network with new terminal openings.
The transportation and logistics industry is anticipated to approach the tail end of its cyclical downturn, with current rates and margins nearing their lowest points. This scenario sets the stage for potential strong earnings growth in 2025 and 2026 as rates recuperate. The optimistic outlook is reinforced by the belief that numerous companies in this sector are steered by adept management teams known for their prudent investment strategies. Moreover, these transportation entities are deemed to provide indispensable services that are critical to the North American economy, which minimizes the risks of disruption or substitution. Analysts suggest that investors position themselves to take advantage of a cyclical upswing, focusing on companies that are poised to benefit significantly as freight conditions improve.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
