Less-Than-Truckload Carrier SAIA's Critical Mass Poised To Drive Service Levels: Analyst
Portfolio Pulse from Lekha Gupta
BMO Capital Markets analyst Fadi Chamoun initiated coverage on Saia Inc (NASDAQ:SAIA) with a Market Perform rating and a price target of $450. Chamoun highlights SAIA's strong management and execution track record, and the company's ability to drive service levels with its 194 terminals. The analyst projects a FY23-FY28 EPS CAGR of 16.3% and expects revenue and EPS to grow over the next few years, with figures slightly differing from consensus estimates. SAIA recently reported Q3 FY23 revenue growth of 6.2% YOY, surpassing consensus estimates.
November 22, 2023 | 8:02 pm
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NEUTRAL IMPACT
Saia Inc received a Market Perform rating and a $450 price target from BMO Capital Markets, with the analyst praising the company's management and growth potential.
The initiation of coverage by BMO with a Market Perform rating and a price target that is close to the current trading price suggests a neutral short-term impact on SAIA's stock price. The analyst's positive outlook on the company's growth potential and strong management could be offset by the high valuation and muted macro outlook.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100