Saia (NASDAQ:SAIA) Given New $430.00 Price Target at UBS Group

Saia (NASDAQ:SAIA) had its target price decreased by equities research analysts at UBS Group from $504.00 to $430.00 in a report issued on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the transportation company’s stock. UBS Group‘s target price would suggest a potential upside of 24.78% from the stock’s current price.

A number of other equities analysts have also commented on SAIA. JPMorgan Chase & Co. lifted their price target on shares of Saia from $463.00 to $468.00 and gave the company an “overweight” rating in a research report on Friday. Barclays lowered their target price on shares of Saia from $500.00 to $475.00 and set an “overweight” rating on the stock in a research note on Friday, July 31st. Raymond James Financial reiterated an “outperform” rating and issued a $410.00 target price on shares of Saia in a report on Thursday, October 15th. Jefferies Financial Group reissued a “buy” rating on shares of Saia in a research report on Thursday. Finally, Stephens decreased their price target on shares of Saia from $520.00 to $490.00 and set an “overweight” rating for the company in a report on Friday, July 31st. Fourteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Saia has a consensus rating of “Moderate Buy” and an average price target of $432.26.

Saia Stock Performance

Shares of NASDAQ SAIA opened at $344.61 on Friday. The business’s 50-day simple moving average is $342.03 and its 200-day simple moving average is $387.51. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.83 and a current ratio of 1.83. Saia has a 52 week low of $249.32 and a 52 week high of $494.71. The firm has a market cap of $9.19 billion, a price-to-earnings ratio of 32.66, a P/E/G ratio of 2.62 and a beta of 2.09.

Saia (NASDAQ:SAIA) last posted its earnings results on Thursday, October 29th. The transportation company reported $3.41 earnings per share for the quarter, topping the consensus estimate of $3.30 by $0.11. The firm had revenue of $982.45 million during the quarter, compared to analyst estimates of $966.98 million. Saia had a return on equity of 10.53% and a net margin of 8.01%. The company’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.81 EPS. As a group, equities research analysts expect that Saia will post 11.49 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Saia

Several hedge funds and other institutional investors have recently modified their holdings of SAIA. Azimuth Capital Investment Management LLC acquired a new stake in shares of Saia during the 2nd quarter worth about $9,789,000. Montag A & Associates Inc. acquired a new position in Saia in the first quarter valued at about $1,505,000. Marks Group Wealth Management Inc grew its stake in Saia by 32.9% during the first quarter. Marks Group Wealth Management Inc now owns 19,040 shares of the transportation company’s stock worth $6,688,000 after buying an additional 4,717 shares during the last quarter. London Co. of Virginia grew its stake in Saia by 10.5% during the first quarter. London Co. of Virginia now owns 86,774 shares of the transportation company’s stock worth $30,484,000 after buying an additional 8,255 shares during the last quarter. Finally, California State Teachers Retirement System grew its stake in Saia by 23.1% during the first quarter. California State Teachers Retirement System now owns 30,917 shares of the transportation company’s stock worth $10,861,000 after buying an additional 5,810 shares during the last quarter.

About Saia

Saia, Inc is a transportation and logistics company headquartered in Johns Creek, Georgia. Through its primary subsidiary, Saia LTL Freight, the company provides less-than-truckload transportation, moving palletized and other freight shipments that do not require a full trailer. Its services include standard and time-definite delivery, expedited transportation, guaranteed services, and shipment tracking.

Saia also provides non-asset-based logistics services through Saia Logistics Services, which helps customers arrange freight transportation using third-party carriers.