Raymond James Financial Issues Pessimistic Forecast for Saia (NASDAQ:SAIA) Stock Price

Saia (NASDAQ:SAIA) had its price objective lowered by Raymond James Financial from $477.00 to $475.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the transportation company’s stock. Raymond James Financial’s price target indicates a potential upside of 10.49% from the company’s previous close.

SAIA has been the topic of a number of other research reports. Morgan Stanley increased their target price on Saia from $265.00 to $295.00 and gave the company an “underweight” rating in a research report on Monday, July 6th. Citigroup upgraded shares of Saia from a “neutral” rating to a “buy” rating and dropped their target price for the company from $524.00 to $488.00 in a research report on Thursday. Stifel Nicolaus set a $450.00 price target on shares of Saia in a research report on Friday, May 1st. Wolfe Research raised shares of Saia from a “peer perform” rating to an “outperform” rating in a research note on Tuesday, April 7th. Finally, Barclays boosted their price objective on Saia from $400.00 to $500.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Saia presently has an average rating of “Moderate Buy” and a consensus target price of $462.44.

Saia Price Performance

NASDAQ SAIA traded up $9.08 during trading hours on Monday, reaching $429.90. The company’s stock had a trading volume of 19,480 shares, compared to its average volume of 488,902. The firm has a market capitalization of $11.47 billion, a price-to-earnings ratio of 45.39, a P/E/G ratio of 2.00 and a beta of 2.13. The company’s 50-day moving average is $448.10 and its two-hundred day moving average is $398.57. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.52 and a quick ratio of 1.52. Saia has a 1-year low of $249.32 and a 1-year high of $494.71.

Saia (NASDAQ:SAIA) last issued its quarterly earnings data on Thursday, April 30th. The transportation company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.82 by $0.04. The company had revenue of $806.23 million for the quarter, compared to analyst estimates of $789.08 million. Saia had a return on equity of 9.60% and a net margin of 7.84%.Saia’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period last year, the company earned $1.86 earnings per share. On average, equities analysts predict that Saia will post 11.45 EPS for the current year.

Hedge Funds Weigh In On Saia

Institutional investors have recently bought and sold shares of the company. Quarry LP raised its position in shares of Saia by 8,400.0% during the 4th quarter. Quarry LP now owns 85 shares of the transportation company’s stock valued at $28,000 after buying an additional 84 shares during the period. Los Angeles Capital Management LLC acquired a new position in shares of Saia in the 4th quarter worth approximately $36,000. Torren Management LLC acquired a new position in shares of Saia in the 4th quarter worth approximately $40,000. Allworth Financial LP boosted its position in shares of Saia by 69.0% during the 3rd quarter. Allworth Financial LP now owns 142 shares of the transportation company’s stock worth $43,000 after purchasing an additional 58 shares during the period. Finally, Larson Financial Group LLC boosted its position in shares of Saia by 1,612.5% during the 4th quarter. Larson Financial Group LLC now owns 137 shares of the transportation company’s stock worth $45,000 after purchasing an additional 129 shares during the period.

Saia Company Profile

Saia, Inc is a publicly traded transportation company specializing in less-than-truckload (LTL) freight services across North America. Headquartered in Johns Creek, Georgia, the company focuses on the efficient movement of time-sensitive freight for a diverse customer base that spans retail, manufacturing, automotive, and healthcare industries. By leveraging a network of terminals and service centers, Saia provides tailored solutions designed to optimize supply chain performance.

The company’s core offerings include regional, interregional, and national LTL shipping, supported by volumetric LTL and port intermodal services.