Stephens analyst Daniel Imbro initiates coverage on $Saia (SAIA.US)$ with a buy rating, and sets the target price at $515.
According to TipRanks data, the analyst has a success rate of 68.2% and a total average return of 17.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Saia (SAIA.US)$'s main analysts recently are as follows:
Saia's recent performance fell short of third-quarter expectations, and commentary on the fourth quarter may lead to a significant adjustment in consensus. However, the pricing dynamics are seemingly more favorable than anticipated. Despite this, the investment community seems to be focusing beyond current softness towards a potential margin improvement when the rate of new terminal openings decreases and fundamental demand recovers.
Saia's recent quarterly outcomes aligned closely with projections, although they slightly trailed behind the general consensus. Investments realized throughout the current year are setting Saia up for a strong position by 2025, with the anticipation that margins at newly established terminals will enhance, and the company's growth is expected to surpass that of the broader industry.
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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