Analyst's RatingSaia has blown clean through our target price and, while it is still a great company, the recommendation has been moved to Hold due to the current valuation.
Capital ExpenditureThe company anticipates allocating approximately $1 billion to capital expenditures in 2024, which is a significant increase from the roughly $440 million spent in 2023, potentially impacting profitability.
Financial PerformanceMarket Perform rating reiterated for Saia, as it is trading at levels well above where peers have historically traded, casting doubts on its continued outperformance.