Saia (NASDAQ:SAIA) Raised to “Positive” at Susquehanna

Saia (NASDAQ:SAIA) was upgraded by analysts at Susquehanna from a “neutral” rating to a “positive” rating in a note issued to investors on Wednesday, Marketbeat.com reports. The firm presently has a $360.00 price target on the transportation company’s stock, up from their previous price target of $340.00. Susquehanna’s price target would indicate a potential upside of 14.00% from the company’s previous close.

Several other analysts have also recently commented on SAIA. Wall Street Zen upgraded shares of Saia to a “sell” rating in a research note on Tuesday, May 13th. Benchmark increased their price target on shares of Saia from $325.00 to $360.00 and gave the stock a “buy” rating in a report on Monday, July 28th. Stephens lifted their price objective on Saia from $274.00 to $300.00 and gave the company an “equal weight” rating in a report on Tuesday, July 29th. Zacks Research upgraded Saia from a “strong sell” rating to a “hold” rating in a research report on Monday, August 25th. Finally, The Goldman Sachs Group raised Saia from a “neutral” rating to a “buy” rating and raised their price target for the company from $387.00 to $410.00 in a report on Monday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, Saia presently has a consensus rating of “Moderate Buy” and a consensus target price of $347.16.

Saia Stock Up 2.7%

SAIA opened at $315.78 on Wednesday. Saia has a 52 week low of $229.12 and a 52 week high of $624.55. The business has a 50 day moving average price of $300.71 and a two-hundred day moving average price of $306.87. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.13. The company has a market cap of $8.41 billion, a PE ratio of 29.16, a P/E/G ratio of 14.08 and a beta of 2.00.

Saia (NASDAQ:SAIA) last announced its earnings results on Friday, July 25th. The transportation company reported $2.67 earnings per share for the quarter, beating the consensus estimate of $2.39 by $0.28. Saia had a return on equity of 12.42% and a net margin of 8.96%.The company had revenue of $817.12 million for the quarter, compared to the consensus estimate of $826.59 million. During the same period last year, the business posted $3.83 EPS. The company’s revenue was down .7% on a year-over-year basis. As a group, research analysts anticipate that Saia will post 15.46 EPS for the current year.

Institutional Trading of Saia

Several large investors have recently bought and sold shares of the company. Captrust Financial Advisors acquired a new position in shares of Saia during the 4th quarter worth $632,000. Focus Partners Wealth acquired a new position in Saia during the fourth quarter worth about $275,000. Gotham Asset Management LLC lifted its holdings in shares of Saia by 12.1% in the fourth quarter. Gotham Asset Management LLC now owns 3,733 shares of the transportation company’s stock valued at $1,701,000 after purchasing an additional 404 shares in the last quarter. Group One Trading LLC grew its position in shares of Saia by 114.4% in the fourth quarter. Group One Trading LLC now owns 243 shares of the transportation company’s stock valued at $111,000 after purchasing an additional 1,934 shares during the last quarter. Finally, Maven Securities LTD purchased a new position in shares of Saia during the 4th quarter worth approximately $893,000.

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.