Saia (NASDAQ:SAIA) Price Target Raised to $585.00

Saia (NASDAQ:SAIA) had its price objective hoisted by Susquehanna from $550.00 to $585.00 in a report published on Wednesday morning, Benzinga reports. They currently have a positive rating on the transportation company’s stock.

Several other brokerages also recently issued reports on SAIA. Bank of America boosted their price target on shares of Saia from $443.00 to $460.00 and gave the company a buy rating in a report on Thursday, September 5th. Evercore ISI boosted their target price on shares of Saia from $523.00 to $566.00 and gave the company an outperform rating in a research note on Tuesday, June 25th. Stifel Nicolaus upgraded shares of Saia from a hold rating to a buy rating and dropped their price target for the company from $526.00 to $475.00 in a research note on Friday, May 24th. Wells Fargo & Company lifted their price target on Saia from $400.00 to $410.00 and gave the company an equal weight rating in a report on Thursday, September 5th. Finally, Raymond James decreased their price objective on Saia from $540.00 to $520.00 and set an outperform rating for the company in a report on Monday, June 24th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $479.07.

Saia Price Performance

SAIA opened at $436.78 on Wednesday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.08. The company’s 50-day moving average price is $414.29 and its 200 day moving average price is $462.60. Saia has a fifty-two week low of $341.26 and a fifty-two week high of $628.34. The firm has a market cap of $11.61 billion, a price-to-earnings ratio of 31.65, a price-to-earnings-growth ratio of 2.05 and a beta of 1.74.

Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Friday, July 26th. The transportation company reported $3.83 earnings per share for the quarter, missing analysts’ consensus estimates of $4.00 by ($0.17). Saia had a return on equity of 19.14% and a net margin of 12.26%. The company had revenue of $823.24 million for the quarter, compared to analyst estimates of $821.60 million. As a group, sell-side analysts expect that Saia will post 13.92 earnings per share for the current year.

Institutional Trading of Saia

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Pineridge Advisors LLC acquired a new position in Saia in the fourth quarter worth approximately $26,000. Blue Trust Inc. grew its holdings in shares of Saia by 161.5% in the 2nd quarter. Blue Trust Inc. now owns 68 shares of the transportation company’s stock worth $32,000 after acquiring an additional 42 shares during the last quarter. Rise Advisors LLC acquired a new stake in shares of Saia during the first quarter worth $40,000. Core Wealth Advisors Inc. purchased a new stake in shares of Saia during the fourth quarter valued at $32,000. Finally, Quarry LP acquired a new position in shares of Saia in the 2nd quarter valued at $41,000.

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.