On Oct 28, major Wall Street analysts update their ratings for $Saia (SAIA.US)$, with price targets ranging from $268 to $522.
Morgan Stanley analyst Ravi Shanker maintains with a sell rating, and maintains the target price at $268.
Barclays analyst Brandon Oglenski maintains with a buy rating, and maintains the target price at $515.
Evercore analyst Jonathan Chappell maintains with a buy rating, and adjusts the target price from $488 to $522.
BMO Capital analyst Fadi Chamoun maintains with a hold rating, and adjusts the target price from $480 to $495.
Benchmark Co. analyst Christopher Kuhn maintains with a buy rating, and maintains the target price at $480.
Furthermore, according to the comprehensive report, the opinions of $Saia (SAIA.US)$'s main analysts recently are as follows:
Following the Q3 report, it is observed that Saia has potentially overcome previous challenges characterized by start-up costs and unfavorable shipment mixes. Indications show that the weight per shipment may have reached a minimum threshold, and there's a notable reduction in the rate of new facility inaugurations.
Despite the earnings miss, Saia's shares experienced an over 10% increase in value. This uptick could be partly due to short covering, as market sentiment appeared to lean negative prior to the earnings report. While there are risks associated with Saia's recent significant terminal expansions, there continues to be a strong belief in the company's attractive pricing, margin, and earnings growth prospects.
It has been noted that despite missing third-quarter expectations and a forecast that could bring consensus estimates significantly lower, the pricing situation appears more favorable than anticipated. Investors seem to be focusing beyond the immediate softness, anticipating a potential margin improvement once the expansion of terminal operations slows and fundamental demand resurfaces.
Saia's recent quarterly results aligned closely with forecasts and were marginally below the consensus. The company's investments throughout the current year place it in a favorable position for 2025, with the expectation of improved margins at new terminals and growth projections that surpass industry averages.
Following a period of reassessment, there is a sentiment that the pessimistic outlook for Saia has lessened due to improved pricing and robust tonnage in September. Saia is recognized for its impressive growth narrative and the year 2025 may surpass expectations, notwithstanding the anticipation remaining high after a moderate reduction in the fourth quarter projections.
Here are the latest investment ratings and price targets for $Saia (SAIA.US)$ from 5 analysts:
Note:
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