Saia (NASDAQ:SAIA) Price Target Raised to $651.00

Saia (NASDAQ:SAIA) had its target price increased by Citigroup from $534.00 to $651.00 in a report published on Tuesday morning,Benzinga reports. Citigroup currently has a buy rating on the transportation company’s stock.

Other equities research analysts have also issued research reports about the company. Barclays dropped their price target on Saia from $575.00 to $515.00 and set an “overweight” rating on the stock in a research note on Monday, July 29th. Benchmark reiterated a “buy” rating and set a $480.00 price objective on shares of Saia in a research note on Thursday, September 19th. Wells Fargo & Company upped their target price on Saia from $400.00 to $410.00 and gave the company an “equal weight” rating in a research report on Thursday, September 5th. Jefferies Financial Group lifted their price target on Saia from $480.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Finally, Stifel Nicolaus cut Saia from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $440.00 to $437.00 in a research note on Monday, October 21st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Saia presently has an average rating of “Moderate Buy” and an average target price of $506.00.

Saia Stock Performance

Shares of NASDAQ:SAIA opened at $535.25 on Tuesday. Saia has a 52 week low of $358.90 and a 52 week high of $628.34. The firm has a 50 day moving average of $458.76 and a 200 day moving average of $434.73. The company has a market capitalization of $14.23 billion, a price-to-earnings ratio of 38.74, a price-to-earnings-growth ratio of 3.10 and a beta of 1.73. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.08.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Friday, October 25th. The transportation company reported $3.46 earnings per share 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 firm had revenue of $842.10 million during the quarter, compared to the consensus estimate of $839.82 million. During the same quarter in the prior year, the business posted $3.67 earnings per share. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. On average, sell-side analysts predict that Saia will post 13.54 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Saia

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SAIA. SG Americas Securities LLC acquired a new stake in Saia in the 1st quarter worth about $569,000. Atomi Financial Group Inc. purchased a new stake in shares of Saia during the first quarter worth approximately $206,000. Bleakley Financial Group LLC raised its stake in Saia by 7.0% in the 1st quarter. Bleakley Financial Group LLC now owns 707 shares of the transportation company’s stock valued at $414,000 after purchasing an additional 46 shares during the last quarter. Koshinski Asset Management Inc. purchased a new position in Saia in the 1st quarter valued at $237,000. Finally, SageView Advisory Group LLC purchased a new position in Saia in the 1st quarter valued at $2,223,000.

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.