Saia (NASDAQ:SAIA) Price Target Raised to $515.00

Saia (NASDAQ:SAIA) had its target price lifted by Stephens from $481.00 to $515.00 in a research report released on Tuesday morning, Benzinga reports. They currently have an overweight rating on the transportation company’s stock.

SAIA has been the subject of a number of other research reports. BMO Capital Markets boosted their price objective on shares of Saia from $465.00 to $495.00 and gave the company a “market perform” rating in a research report on Monday. Wells Fargo & Company increased their price target on Saia from $400.00 to $410.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 5th. Stifel Nicolaus cut Saia from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $440.00 to $437.00 in a report on Monday, October 21st. Bank of America upped their target price on Saia from $443.00 to $460.00 and gave the company a “buy” rating in a research note on Thursday, September 5th. Finally, Evercore ISI decreased their price target on Saia from $503.00 to $488.00 and set an “outperform” rating on the stock in a research note on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $492.00.

Saia Price Performance

Shares of NASDAQ:SAIA opened at $476.99 on Tuesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.36 and a current ratio of 1.26. The business’s fifty day moving average price is $424.22 and its two-hundred day moving average price is $434.48. The stock has a market cap of $12.68 billion, a PE ratio of 34.56, a price-to-earnings-growth ratio of 2.21 and a beta of 1.74. Saia has a one year low of $346.34 and a one year high of $628.34.

Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Friday, October 25th. The transportation company reported $3.46 EPS for the quarter, missing analysts’ consensus estimates of $3.53 by ($0.07). Saia had a net margin of 11.83% and a return on equity of 18.00%. The company had revenue of $842.10 million for the quarter, compared to analyst estimates of $839.82 million. During the same period in the previous year, the business earned $3.67 EPS. The firm’s revenue was up 8.6% on a year-over-year basis. On average, analysts forecast that Saia will post 13.88 EPS for the current fiscal year.

Institutional Investors Weigh In On Saia

Several large investors have recently made changes to their positions in SAIA. Blue Trust Inc. boosted its position in Saia by 161.5% during the 2nd quarter. Blue Trust Inc. now owns 68 shares of the transportation company’s stock worth $32,000 after purchasing an additional 42 shares during the period. Paladin Wealth LLC acquired a new position in shares of Saia during the third quarter worth about $40,000. Quarry LP purchased a new stake in shares of Saia in the second quarter worth about $41,000. International Assets Investment Management LLC acquired a new stake in shares of Saia in the second quarter valued at about $42,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in Saia by 754.5% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 94 shares of the transportation company’s stock worth $45,000 after acquiring an additional 83 shares in the last quarter.

Saia Company Profile

Saia, Inc, together with its subsidiaries, operates as a transportation company in North America. The company provides less-than-truckload services for shipments between 100 and 10,000 pounds; and other value-added services, including non-asset truckload, expedited, and logistics services. It also offers other value-added services, including non-asset truckload, expedited, and logistics services.