Saia Analysts Boost Their Forecasts After Upbeat Q2 Earnings

Saia, Inc. SAIA reported better-than-expected second-quarter earnings results.

Saia posted quarterly earnings of $3.42 per share, beating market estimates of $3.27 per share. The company’s quarterly sales came in at $694.60 million, versus expectations of $702.61 million.

Saia shares gained 3.7% to close at $425.89 on Friday, and added 3.3% in today’s pre-market trading session.

These analysts made changes to their price targets on Saia following earnings announcement.

• Barclays boosted the price target on Saia from $420 to $460. Barclays analyst Brandon Oglenski maintained an Overweight rating.
• Wells Fargo raised the price target on Saia from $400 to $475. Wells Fargo analyst Allison Poliniak Cusic maintained an Overweight rating.
• Raymond James boosted Saia price target from $355 to $447. Raymond James analyst Patrick Tyler Brown maintained an Outperform rating.
• Goldman Sachs raised Saia price target from $310 to $350. Goldman Sachs analyst Jordan Alliger maintained a Neutral rating.
• Benchmark increased Saia price target from $330 to $450. Benchmark analyst Christopher Kuhn maintained a Buy rating.

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