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

Saia (NASDAQ:SAIA) had its target price boosted by equities research analysts at Citigroup from $534.00 to $651.00 in a report released on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the transportation company’s stock. Citigroup’s price objective points to a potential upside of 18.08% from the stock’s previous close.

A number of other research firms have also issued reports on SAIA. JPMorgan Chase & Co. upped their price target on Saia from $479.00 to $481.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. Bank of America boosted their price objective on shares of Saia from $443.00 to $460.00 and gave the stock a “buy” rating in a report on Thursday, September 5th. Stifel Nicolaus lowered shares of Saia from a “buy” rating to a “hold” rating and cut their price objective for the company from $440.00 to $437.00 in a research report on Monday, October 21st. Jefferies Financial Group lifted their price target on shares of Saia from $480.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Finally, The Goldman Sachs Group decreased their price objective on shares of Saia from $510.00 to $490.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. One 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. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $499.82.

Saia Price Performance

SAIA traded down $6.76 during trading hours on Tuesday, hitting $551.34. The company’s stock had a trading volume of 124,691 shares, compared to its average volume of 389,125. Saia has a 12 month low of $358.90 and a 12 month high of $628.34. The stock has a market cap of $14.66 billion, a price-to-earnings ratio of 39.28, a P/E/G ratio of 3.14 and a beta of 1.73. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. The business’s 50-day moving average price is $450.18 and its 200-day moving average price is $432.43.

Saia (NASDAQ:SAIA) last posted its 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 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 analysts’ expectations of $839.82 million. During the same quarter in the prior year, the company earned $3.67 EPS. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. Sell-side analysts expect that Saia will post 13.54 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Saia

Several institutional investors have recently modified their holdings of the business. Blue Trust Inc. increased its stake in Saia by 161.5% in the 2nd quarter. Blue Trust Inc. now owns 68 shares of the transportation company’s stock worth $32,000 after buying an additional 42 shares in the last quarter. Paladin Wealth LLC bought a new stake in shares of Saia in the 3rd quarter valued at about $40,000. Quarry LP acquired a new stake in Saia in the 2nd quarter worth approximately $41,000. International Assets Investment Management LLC purchased a new stake in Saia in the second quarter valued at approximately $42,000. Finally, Whittier Trust Co. of Nevada Inc. lifted 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 purchasing an additional 83 shares during the period.

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.