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:
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