Bank of America Increases Saia (NASDAQ:SAIA) Price Target to $460.00

Saia (NASDAQ:SAIA) had its price objective boosted by Bank of America from $443.00 to $460.00 in a research note issued to investors on Thursday, Benzinga reports. Bank of America currently has a buy rating on the transportation company’s stock.

Several other equities research analysts also recently commented on SAIA. TD Cowen cut their price objective on Saia from $475.00 to $416.00 and set a hold rating for the company in a report on Monday, July 29th. Barclays cut their price target on shares of Saia from $575.00 to $515.00 and set an overweight rating for the company in a research note on Monday, July 29th. Evercore ISI boosted their price objective on shares of Saia from $523.00 to $566.00 and gave the stock an outperform rating in a research note on Tuesday, June 25th. Benchmark cut their target price on shares of Saia from $575.00 to $480.00 and set a buy rating for the company in a research note on Monday, July 29th. Finally, BMO Capital Markets reduced their price target on Saia from $500.00 to $480.00 and set a market perform rating for the company in a report on Monday, July 29th. Two equities research 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. According to MarketBeat, the company has a consensus rating of Hold and a consensus target price of $476.73.

Saia Trading Up 1.0 %

Saia stock opened at $402.39 on Thursday. The company has a market cap of $10.70 billion, a price-to-earnings ratio of 29.16, a P/E/G ratio of 2.01 and a beta of 1.74. The firm has a 50-day moving average of $419.86 and a 200-day moving average of $471.49. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.36 and a quick ratio of 1.36. Saia has a one year low of $341.26 and a one year high of $628.34.

Saia (NASDAQ:SAIA) last released its earnings results on Friday, July 26th. The transportation company reported $3.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.00 by ($0.17). The company had revenue of $823.24 million for the quarter, compared to the consensus estimate of $821.60 million. Saia had a return on equity of 19.14% and a net margin of 12.26%. On average, equities analysts expect that Saia will post 13.88 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Saia

Institutional investors and hedge funds have recently made changes to their positions in the company. Pineridge Advisors LLC acquired a new stake in Saia during the 4th quarter worth approximately $26,000. Core Wealth Advisors Inc. bought a new position in Saia during the 4th quarter worth $32,000. Blue Trust Inc. lifted its holdings in shares of Saia by 161.5% during the second quarter. Blue Trust Inc. now owns 68 shares of the transportation company’s stock worth $32,000 after buying an additional 42 shares in the last quarter. Rise Advisors LLC bought a new stake in shares of Saia in the first quarter valued at about $40,000. Finally, Quarry LP bought a new stake in shares of Saia in the second quarter valued at about $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.