Morgan Stanley (NYSE:MS) analyst Ravi Shanker maintained a Sell rating on Saia (NASDAQ:SAIA) Inc on Thursday, setting a price target of $140, which is approximately 43.85% below the present share price of $249.31.
Shanker expects Saia Inc to post earnings per share (EPS) of $2.37 for the third quarter of 2021.
The current consensus among 9 TipRanks analysts is for a Moderate Buy rating of shares in Saia, with an average price target of $236.33.
The analysts price targets range from a high of $278 to a low of $140.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $571.33 million and a net profit of $100.18 million. The company's market cap is $6.57 billion.
According to TipRanks.com, Morgan Stanley analyst Ravi Shanker is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 1.8% and a 54.58% success rate.
Saia, Inc. operates as a transportation holding company. The firm through its wholly-owned subsidiaries provides regional and interregional less-than-truckload (LTL) services through a single integrated organization. The firm also offers other value-added services, including non-asset truckload, expedited and logistics services across North America. The company was founded by Louis Saia, Sr. in 1924 and is headquartered in Johns Creek, GA.