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SAIA Stock Forecast: Thriving in the Post-Yellow Corp. Era

This SAIA Stock Forecast article was written by Meiru Zhong – Financial Analyst at I Know First.

Yellow Corp., the third-largest player in the LTL industry, filed for bankruptcy in July 2023, presenting an opportunity for SAIA to expand its business and increase sales by tapping into its market share.
Saia's Q3'23 financial report showed robust performance, marked by significant increases in LTL volume and tonnage.
Flat operating margins reflected rising expenses, particularly in salaries, wages, and employee benefits. The company increased transportation miles and workforce utilization to manage costs.
Saia demonstrated financial strength with a current ratio of 2.16 and debt-to-EBITDA ratio of 0.24, outperforming peers in the LTL industry. Its sufficient capital resources facilitated its strategic expansion and sustained operation.
DCF supports the $511 target stock price for Saia, Inc., 13% upside potential from the January 29, 2024 price of $450.15.