Saia Inc stock rises after crossing above key SMA
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 20 2024
0mins
Should l Buy SAIA?
Source: Coinmarketcap
Saia Inc's stock price increased by 6.01% as it crossed above its 5-day SMA, indicating a bullish trend in the short term.
The rise in Saia's stock is attributed to broad market strength, with the Nasdaq-100 up 0.89% and the S&P 500 up 0.51%. This positive market environment has contributed to the upward movement of Saia's shares, reflecting investor confidence in the logistics sector.
As the market continues to show strength, Saia Inc may benefit from increased investor interest, potentially leading to further gains in the near future.
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Analyst Views on SAIA
Wall Street analysts forecast SAIA stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for SAIA is 350.29 USD with a low forecast of 250.00 USD and a high forecast of 431.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
18 Analyst Rating
9 Buy
9 Hold
0 Sell
Moderate Buy
Current: 404.745
Low
250.00
Averages
350.29
High
431.00
Current: 404.745
Low
250.00
Averages
350.29
High
431.00
About SAIA
Saia, Inc. is a transportation company. The Company provides less-than-truckload (LTL) services through a single integrated organization. It offers customers a wide range of other value-added services, including non-asset truckload, expedited and logistics services across North America. Saia Motor Freight Line, LLC (Saia LTL Freight), a subsidiary of the Company, is an LTL carrier that provides direct service to the 48 contiguous states and provides LTL services to Canada and Mexico through relationships with third-party interline carriers. Saia LTL Freight specializes in offering its customers a range of LTL services, including time-definite and expedited options. Saia LTL Freight provides its customers with solutions for shipments between 100 and 10,000 pounds. Saia LTL Freight operates a network comprised of 213 owned and leased terminals, plus three general offices and one warehouse and owns over 6,600 tractors and 26,200 trailers, including equipment acquired with finance leases.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Strategic Alignment: Executive Vice President Ray Ramu stated that unifying the brand helps customers better understand the breadth of solutions offered while supporting the company's long-term growth strategy and maintaining high service levels.
- Comprehensive Services: Under the Saia Logistics name, customers can continue to access a full range of services including truckload, expedited, warehousing, distribution, final mile, international, and integrated logistics, enhancing the company's competitive edge in the market.
See More
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- Lumentum Earnings Beat: Lumentum Holdings Inc. surged 36.02% this week after reporting second-quarter results that exceeded expectations and providing third-quarter guidance above analyst estimates, thereby boosting investor confidence and significantly driving up the stock price.
- Transportation Stocks Rally: Saia, Inc. jumped 23.07% this week, benefiting from declining oil prices, which led to a strong performance across the transportation sector, indicating optimistic market expectations for transportation demand that could enhance future earnings.
- Westlake Stock Increase: Westlake Corporation saw a 19.27% rise in its stock price this week, reflecting positive market sentiment regarding its business outlook, particularly in the context of declining raw material costs that may improve profitability.
- Market Recovery: The strong performance of these stocks indicates a growing investor confidence in economic recovery, especially amid falling oil prices, which could further drive growth in related industries.
See More
Wall Street Rebounds as Precious Metals Face Pressure
- Market Rebound: Wall Street experienced a rebound at the start of the new month, with the S&P 500 rising 0.7% and the Nasdaq 100 gaining 1.1%, while the Russell 2000 rebounded 1.4% after a 1.6% drop, indicating strong performance in small-cap stocks and reflecting improved investor sentiment.
- Pressure on Precious Metals: Gold prices extended Friday's decline, sliding over 4% to $4,670 per ounce, while silver plummeted 8% to $77.88, indicating ongoing pressure in the precious metals market as investors reassess the Federal Reserve's policy outlook.
- Positive Economic Data: The ISM Manufacturing PMI unexpectedly surged to a three-year high, signaling renewed momentum in factory activity and boosting market confidence in economic recovery, despite the Bureau of Labor Statistics delaying the release of January's jobs report due to the partial government shutdown.
- Energy Market Volatility: Natural gas prices plunged 25% on milder weather forecasts, while crude oil dropped over 5% as the U.S. administration prepared for nuclear deal talks with Iranian officials, highlighting the impact of geopolitical factors on energy markets.
See More
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- Volume Decline: The Cass Freight Index reported a 7.2% month-over-month drop in shipments for December, with a year-over-year decline of 7.5%, indicating softness in the freight market despite stabilizing prices, highlighting industry challenges.
- Elevated Expenditures: Although expenditures fell by 1.9% month-over-month in December and only 0.6% year-over-year, this reflects persistent high freight costs that have not decreased as much as shipment volumes, following significant increases in 2021 and 2022.
- Truckload Index Recovery: The Cass Truckload Linehaul Index rose by 1.0% month-over-month in December and posted a 1.8% increase for 2025, recovering from declines of 10% in 2023 and 3.4% in 2024, indicating gradual market recovery.
- Future Demand Outlook: Cass Information Systems suggests that after significant destocking in Q4, a favorable Supreme Court ruling on IEEPA tariffs could act as a positive catalyst for freight demand moving forward.
See More
FedEx (FDX) to Spin Off Freight Business on June 1, Expected Valuation Boost
- Spin-Off Announcement: FedEx (FDX) has set June 1 for the spin-off of its freight business, which currently accounts for nearly 25% of the company's operating income, potentially enhancing its valuation.
- Leadership Team: The new FedEx Freight entity will be led by CEO John Smith, with R. Brad Martin as chairman, and the board will include executives from Dollar Tree and Lowe's, indicating strong leadership.
- Investor Day Plans: FedEx Freight is scheduled to hold an investor day next spring to outline its strategies and how it plans to close the gap with industry leader Old Dominion Freight Line in terms of service levels and operating leverage.
- Market Expectations: While revenue projections for fiscal year 2026 are modest, analysts believe the spin-off could unlock long-term shareholder value, making the new entity an attractive acquisition target or accelerating sector consolidation.
See More
Saia Inc. Unifies Logistics Brand to Enhance Customer Experience
- Brand Unification: Saia Inc. has announced that its logistics arm LinkEx will be rebranded as “Saia Logistics” this week, aiming to consolidate freight and logistics services under a single brand to simplify customer experience and enhance service coherence.
- Service Continuity: Despite the name change, customers will continue to work with the same contacts and use the same processes and capabilities, ensuring that service quality and customer relationships remain unaffected.
- Strategic Support: Saia's Executive Vice President Ray Ramu stated that this brand unification not only helps customers better understand the solutions offered but also supports the company's long-term growth strategy while maintaining high levels of customer service.
- Diverse Offerings: Under the Saia Logistics name, customers can continue to benefit from a wide range of services including truckload, expedited, warehousing, distribution, and integrated logistics, further enhancing market competitiveness alongside Saia's leading LTL network.
See More
Saia Inc. Rebrands LinkEx to Saia Logistics to Enhance Customer Experience
- Brand Unification: Saia Inc. has announced that its logistics arm LinkEx will be rebranded as Saia Logistics this week, aiming to consolidate freight and logistics services under a single brand for a simpler, more connected customer experience.
- Service Continuity: The brand transition is purely a rebranding effort, with no changes to ownership, service, pricing, agreements, or daily operations, ensuring customers continue to work with the same contacts and maintain trust in service delivery.
- Strategic Alignment: Executive Vice President Ray Ramu stated that unifying the brand helps customers better understand the breadth of solutions offered while supporting the company's long-term growth strategy and maintaining high service levels.
- Comprehensive Services: Under the Saia Logistics name, customers can continue to access a full range of services including truckload, expedited, warehousing, distribution, final mile, international, and integrated logistics, enhancing the company's competitive edge in the market.
See More
