Benchmark restated their buy rating on shares of Saia (NASDAQ:SAIA – Free Report) in a research note published on Thursday, Benzinga reports. Benchmark currently has a $480.00 price objective on the transportation company’s stock.
A number of other equities analysts also recently weighed in on the stock. Stifel Nicolaus raised shares of Saia from a hold rating to a buy rating and decreased their target price for the company from $526.00 to $475.00 in a research note on Friday, May 24th. JPMorgan Chase & Co. raised their target price on shares of Saia from $479.00 to $481.00 and gave the company an overweight rating in a research note on Friday, September 6th. Raymond James decreased their target price on shares of Saia from $540.00 to $520.00 and set an outperform rating for the company in a research note on Monday, June 24th. TD Cowen raised their target price on shares of Saia from $416.00 to $418.00 and gave the company a hold rating in a research note on Thursday, September 5th. Finally, Wells Fargo & Company raised their price target on shares of Saia from $400.00 to $410.00 and gave the company an equal weight rating in a research report on Thursday, September 5th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Saia currently has an average rating of Hold and a consensus target price of $479.07.
View Our Latest Analysis on Saia
Saia Stock Performance
Saia (NASDAQ:SAIA – Get Free Report) last issued its quarterly earnings data on Friday, July 26th. The transportation company reported $3.83 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $821.60 million. On average, analysts anticipate that Saia will post 13.92 EPS for the current fiscal year.
Institutional Investors Weigh In On Saia
Large investors have recently added to or reduced their stakes in the stock. Pineridge Advisors LLC purchased a new position in shares of Saia during the 4th quarter worth $26,000. Core Wealth Advisors Inc. purchased a new position in shares of Saia during the 4th quarter worth $32,000. Blue Trust Inc. boosted its stake in shares of 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 acquiring an additional 42 shares during the last quarter. Rise Advisors LLC purchased a new position in shares of Saia during the 1st quarter worth $40,000. Finally, Quarry LP purchased a new position in shares of Saia during the 2nd quarter worth $41,000.
About Saia
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.
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