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

Saia (NASDAQ:SAIA) had its price objective boosted by Barclays from $515.00 to $620.00 in a report published on Wednesday morning,Benzinga reports. The firm currently has an overweight rating on the transportation company’s stock.

A number of other research firms have also recently commented on SAIA. Bank of America upped their price objective on Saia from $443.00 to $460.00 and gave the company a “buy” rating in a report on Thursday, September 5th. The Goldman Sachs Group decreased their price target on 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 decreased their price target on Saia from $503.00 to $488.00 and set an “outperform” rating on the stock in a research note on Thursday, October 3rd. Stifel Nicolaus cut Saia from a “buy” rating to a “hold” rating and decreased their price target for the stock from $440.00 to $437.00 in a research note on Monday, October 21st. Finally, BMO Capital Markets upped their price target on Saia from $465.00 to $495.00 and gave the stock a “market perform” rating in a research note on Monday, October 28th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $506.00.

Saia Price Performance

SAIA stock opened at $522.37 on Wednesday. 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 business has a 50 day simple moving average of $461.16 and a 200-day simple moving average of $435.47. The firm has a market capitalization of $13.89 billion, a PE ratio of 37.31, a price-to-earnings-growth ratio of 3.10 and a beta of 1.73. Saia has a 1 year low of $358.90 and a 1 year high of $628.34.

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). Saia had a net margin of 11.83% and a return on equity of 18.00%. The business had revenue of $842.10 million during the quarter, compared to analyst estimates of $839.82 million. During the same quarter in the prior year, the company posted $3.67 earnings per share. The company’s revenue was up 8.6% on a year-over-year basis. Equities research analysts anticipate that Saia will post 13.54 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Saia

Several large investors have recently bought and sold shares of SAIA. Ontario Teachers Pension Plan Board purchased a new position in shares of Saia during the first quarter worth about $2,953,000. Gateway Investment Advisers LLC purchased a new position in shares of Saia during the second quarter worth about $3,012,000. Capital Group Private Client Services Inc. grew its holdings in shares of Saia by 15.5% during the first quarter. Capital Group Private Client Services Inc. now owns 30,332 shares of the transportation company’s stock worth $17,744,000 after purchasing an additional 4,069 shares during the last quarter. BOKF NA grew its holdings in shares of Saia by 2,257.7% during the first quarter. BOKF NA now owns 613 shares of the transportation company’s stock worth $359,000 after purchasing an additional 587 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC grew its holdings in shares of Saia by 99.8% during the first quarter. O Shaughnessy Asset Management LLC now owns 1,141 shares of the transportation company’s stock worth $667,000 after purchasing an additional 570 shares during the last quarter.

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.