Saia (NASDAQ:SAIA) Price Target Raised to $620.00

Saia (NASDAQ:SAIA) had its price target upped by Barclays from $515.00 to $620.00 in a research note released on Wednesday,Benzinga reports. Barclays currently has an overweight rating on the transportation company’s stock.

A number of other brokerages have also recently weighed in on SAIA. Citigroup upped their price target on shares of Saia from $534.00 to $651.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. The Goldman Sachs Group dropped their price objective 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. Evercore ISI cut their price objective on shares of Saia from $503.00 to $488.00 and set an “outperform” rating on the stock in a report on Thursday, October 3rd. Stifel Nicolaus lowered Saia from a “buy” rating to a “hold” rating and lowered their price objective for the company from $440.00 to $437.00 in a research note on Monday, October 21st. Finally, Susquehanna lifted their price objective on Saia from $550.00 to $585.00 and gave the stock a “positive” rating in a report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $506.00.

Saia Trading Down 3.7 %

SAIA stock opened at $522.37 on Wednesday. Saia has a 52 week low of $358.90 and a 52 week high of $628.34. The company has a market cap of $13.89 billion, a price-to-earnings ratio of 37.31, a PEG ratio of 2.88 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. The business has a fifty day simple moving average of $461.16 and a 200-day simple moving average of $435.74.

Saia (NASDAQ:SAIA) last released its quarterly earnings data on Friday, October 25th. The transportation company reported $3.46 EPS for the quarter, missing analysts’ consensus estimates of $3.53 by ($0.07). The firm had revenue of $842.10 million during the quarter, compared to analysts’ expectations of $839.82 million. Saia had a return on equity of 18.00% and a net margin of 11.83%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter last year, the business earned $3.67 earnings per share. On average, equities research analysts expect that Saia will post 13.54 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Fifth Third Bancorp boosted its holdings in shares of Saia by 10.5% during the second quarter. Fifth Third Bancorp now owns 232 shares of the transportation company’s stock valued at $110,000 after acquiring an additional 22 shares during the period. LRI Investments LLC boosted its stake in Saia by 6.6% during the 2nd quarter. LRI Investments LLC now owns 386 shares of the transportation company’s stock valued at $183,000 after purchasing an additional 24 shares during the period. CIBC Asset Management Inc grew its position in Saia by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 770 shares of the transportation company’s stock worth $337,000 after purchasing an additional 26 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Saia by 3.9% in the first quarter. EverSource Wealth Advisors LLC now owns 723 shares of the transportation company’s stock valued at $423,000 after purchasing an additional 27 shares during the period. Finally, Legacy Wealth Asset Management LLC raised its holdings in shares of Saia by 4.1% during the third quarter. Legacy Wealth Asset Management LLC now owns 770 shares of the transportation company’s stock valued at $337,000 after buying an additional 30 shares during the last quarter.

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.