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

Saia (NASDAQ:SAIA) had its price target increased by stock analysts at Barclays from $515.00 to $620.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the transportation company’s stock. Barclays‘s target price indicates a potential upside of 14.32% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. Evercore ISI lowered their target price on shares of Saia from $503.00 to $488.00 and set an “outperform” rating on the stock in a research note on Thursday, October 3rd. Wolfe Research upgraded Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 price objective for the company in a research report on Wednesday, October 9th. JPMorgan Chase & Co. increased their target price on Saia from $479.00 to $481.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. Stifel Nicolaus lowered shares of Saia from a “buy” rating to a “hold” rating and cut their price target for the stock from $440.00 to $437.00 in a report on Monday, October 21st. Finally, Stephens increased their price objective on shares of Saia from $481.00 to $515.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. 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 company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $506.00.

Saia Trading Up 1.0 %

NASDAQ SAIA opened at $542.32 on Wednesday. Saia has a 1 year low of $358.90 and a 1 year high of $628.34. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.26 and a quick ratio of 1.26. The company has a market capitalization of $14.42 billion, a PE ratio of 38.74, a P/E/G ratio of 3.10 and a beta of 1.73. The company has a fifty day moving average of $458.76 and a 200 day moving average of $434.73.

Saia (NASDAQ:SAIA) last posted its earnings results on Friday, October 25th. The transportation company reported $3.46 EPS for the quarter, missing the consensus estimate of $3.53 by ($0.07). Saia had a return on equity of 18.00% and a net margin of 11.83%. The company had revenue of $842.10 million for the quarter, compared to analyst estimates of $839.82 million. During the same period last year, the business earned $3.67 earnings per share. The firm’s revenue was up 8.6% on a year-over-year basis. Research analysts forecast that Saia will post 13.54 earnings per share for the current year.

Institutional Trading of Saia

Hedge funds and other institutional investors have recently modified their holdings of the stock. Blue Trust Inc. boosted its position in shares of Saia by 161.5% during the 2nd quarter. Blue Trust Inc. now owns 68 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 42 shares during the last quarter. Quarry LP purchased a new position in Saia during the second quarter worth about $41,000. International Assets Investment Management LLC purchased a new position in Saia during the second quarter worth about $42,000. Paladin Wealth LLC acquired a new position in Saia in the 3rd quarter valued at about $40,000. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in shares of Saia by 754.5% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 94 shares of the transportation company’s stock valued at $45,000 after buying an additional 83 shares during the period.

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.