Wall Street Analysts Predict Big Gains for 3 Trucking Stocks

Analysts recommend investing in trucking stocks Saia Inc. (SAIA), Old Dominion Freight Line Inc. (ODFL), and XPO Logistics Inc. (XPO) due to their current discounts to relative 52-week high prices and future growth potential. Saia stock offers the deepest discount with a 52-week high gap, while Old Dominion's earnings sell-off could be a buying opportunity. XPO Logistics is also recommended for its potential growth in the economic landscape.

In the transportation sector, analysts have identified a group of trucking stocks that present attractive investment opportunities due to their current discounts and future growth potential. Saia Inc. (SAIA), Old Dominion Freight Line Inc. (ODFL), and XPO Logistics Inc. (XPO) are among the names receiving favorable attention from Wall Street analysts.

Saia Inc. (SAIA)
Saia stock offers the deepest discount among the recommended trucking stocks, with a significant gap relative to its 52-week high. This discount, combined with the potential boost from trade tariffs on domestic production and consumption, makes Saia an attractive proposition [1]. Analysts forecast a 16.08% upside for Saia stock, with Citigroup analyst Ariel Rosa seeing it as a Buy valued at $393 per share [1].

Old Dominion Freight Line Inc. (ODFL)
Old Dominion stock experienced a recent earnings sell-off, trading down by 15.4% after reporting a slight miss in earnings per share (EPS) for its latest quarterly financials. Despite this, analysts remain optimistic about the stock's future prospects, forecasting a 13.37% upside [1]. Stephens analyst Daniel Imbro has an Overweight rating on Old Dominion, with a price target of $174 per share, indicating a 20% upside from the current price [1].

XPO Logistics Inc. (XPO)
XPO stock has joined the ranks of companies selling off, but some astute buyers have seen this as an opportunity to increase their stakes. STRS Ohio added 10.9% to their stakes in XPO logistics stock, bringing their net position to a high of $4.9 million today [1]. Wells Fargo analyst Christian Wetherbee has an Overweight rating on XPO stock, with a new price target of $147 per share, indicating a 23.5% upside from the current price [1].

These stocks offer investors a chance to capitalize on the current discounts and future growth potential in the trucking industry. However, as with any investment, it is essential to conduct thorough due diligence and consider your risk tolerance before making any decisions.

References:
[1] https://www.marketbeat.com/stock-ideas/3-trucking-stocks-getting-big-analyst-upgrades-now/