Saia (NASDAQ:SAIA) Given New $500.00 Price Target at Jefferies Financial Group

Saia (NASDAQ:SAIA) had its target price boosted by Jefferies Financial Group from $480.00 to $500.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a buy rating on the transportation company’s stock.

Several other research firms have also recently commented on SAIA. The Goldman Sachs Group lowered their target price on shares of Saia from $510.00 to $490.00 and set a neutral rating on the stock in a research note on Wednesday, October 9th. Citigroup initiated coverage on Saia in a report on Wednesday, October 9th. They set a buy rating and a $518.00 target price on the stock. Wolfe Research raised Saia from a peer perform rating to an outperform rating and set a $511.00 price target for the company in a research note on Wednesday, October 9th. BMO Capital Markets dropped their price objective on Saia from $500.00 to $480.00 and set a market perform rating on the stock in a research note on Monday, July 29th. Finally, TD Cowen increased their price objective on Saia from $416.00 to $418.00 and gave the company a hold rating in a research report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $492.00.

Saia Stock Performance

Shares of SAIA stock opened at $463.37 on Thursday. Saia has a 12-month low of $341.26 and a 12-month high of $628.34. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.36 and a quick ratio of 1.36. The firm has a market capitalization of $12.32 billion, a price-to-earnings ratio of 32.61, a price-to-earnings-growth ratio of 2.08 and a beta of 1.74. The business has a 50 day simple moving average of $410.48 and a 200 day simple moving average of $445.44.

Saia (NASDAQ:SAIA) last released its quarterly 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). Saia had a return on equity of 19.14% and a net margin of 12.26%. The business had revenue of $823.24 million during the quarter, compared to the consensus estimate of $821.60 million. On average, equities research analysts anticipate that Saia will post 13.94 EPS for the current year.

Institutional Trading of Saia

A number of hedge funds have recently modified their holdings of the company. Pineridge Advisors LLC bought a new stake in Saia in the fourth quarter valued at about $26,000. Blue Trust Inc. increased its holdings in shares of Saia by 161.5% in the second quarter. Blue Trust Inc. now owns 68 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 42 shares in the last quarter. Rise Advisors LLC acquired a new position in shares of Saia during the first quarter valued at $40,000. Paladin Wealth LLC acquired a new stake in Saia in the third quarter worth about $40,000. Finally, Quarry LP acquired a new position in Saia during the 2nd quarter valued at about $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.