Barclays analyst Eric Morgan maintains $Saia (SAIA.US)$ with a buy rating, and maintains the target price at $620.
According to TipRanks data, the analyst has a success rate of 70.3% and a total average return of 32.1% 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 notes that the increased multiples for less than truckload reflect the market's optimism for future prospects despite the current downturn. Their updated analysis of the upcycle indicates a significant potential for earnings growth through 2026. The analysis also points to ample opportunities for volume growth within the sector, bolstered by both an anticipated recovery in demand and incremental market share gains.
Sentiment for North American transportation companies seems to have 'rapidly improved,' despite a mix of third-quarter earnings reports and generally cautious fourth-quarter outlooks. There is a concern that investors may be pursuing shares that have already experienced considerable appreciation, which might require companies to greatly exceed estimates to warrant present valuations. Additionally, there is a growing risk of potential disappointment in earnings projections for 2025.
Note:
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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.
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