Saia (NASDAQ:SAIA) Price Target Cut to $490.00

Saia (NASDAQ:SAIA) had its target price dropped by investment analysts at The Goldman Sachs Group from $510.00 to $490.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the transportation company’s stock. The Goldman Sachs Group’s price target would indicate a potential upside of 8.44% from the stock’s current price.

Several other equities research analysts have also recently commented on SAIA. Barclays decreased their target price on Saia from $575.00 to $515.00 and set an “overweight” rating for the company in a research note on Monday, July 29th. JPMorgan Chase & Co. raised their target price on Saia from $479.00 to $481.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. Citigroup began coverage on Saia in a research note on Wednesday. They issued a “buy” rating and a $518.00 price objective for the company. Benchmark reissued a “buy” rating and issued a $480.00 price objective on shares of Saia in a research note on Thursday, September 19th. Finally, Susquehanna raised their price objective on Saia from $550.00 to $585.00 and gave the company a “positive” rating in a research note on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $491.47.

Saia Trading Up 3.5 %

NASDAQ SAIA traded up $15.07 during trading hours on Wednesday, hitting $451.88. 110,921 shares of the company’s stock were exchanged, compared to its average volume of 385,355. The stock has a 50-day simple moving average of $407.36 and a 200 day simple moving average of $448.27. Saia has a 1-year low of $341.26 and a 1-year high of $628.34. The firm has a market cap of $12.01 billion, a price-to-earnings ratio of 32.74, a PEG ratio of 2.03 and a beta of 1.74. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.08.

Saia (NASDAQ:SAIA) last released its earnings results on Friday, July 26th. The transportation company reported $3.83 EPS for the quarter, missing the consensus estimate of $4.00 by ($0.17). Saia had a return on equity of 19.14% and a net margin of 12.26%. The business had revenue of $823.24 million for the quarter, compared to analyst estimates of $821.60 million. On average, equities analysts forecast that Saia will post 13.91 EPS for the current fiscal year.

Hedge Funds Weigh In On Saia

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SAIA. Capital Research Global Investors grew its position in Saia by 16.2% during the first quarter. Capital Research Global Investors now owns 1,069,332 shares of the transportation company’s stock worth $625,559,000 after buying an additional 149,074 shares in the last quarter. American Century Companies Inc. grew its position in Saia by 347.3% during the second quarter. American Century Companies Inc. now owns 159,853 shares of the transportation company’s stock worth $75,817,000 after buying an additional 124,117 shares in the last quarter. Clearbridge Investments LLC purchased a new position in Saia during the first quarter worth about $27,733,000. Vaughan Nelson Investment Management L.P. grew its position in Saia by 6.8% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 708,420 shares of the transportation company’s stock worth $414,425,000 after buying an additional 45,155 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in Saia by 15.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 235,401 shares of the transportation company’s stock worth $111,648,000 after buying an additional 31,397 shares in 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.