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

Saia (NASDAQ:SAIA) had its price objective raised by analysts at Citigroup from $534.00 to $651.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the transportation company’s stock. Citigroup’s price target would indicate a potential upside of 21.18% from the stock’s previous close.

Several other analysts have also recently weighed in on SAIA. Wolfe Research upgraded shares of Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 price objective on the stock in a research report on Wednesday, October 9th. JPMorgan Chase & Co. lifted their price target on Saia from $479.00 to $481.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. Benchmark reiterated a “buy” rating and set a $480.00 price objective on shares of Saia in a research report on Thursday, September 19th. Wells Fargo & Company upped their target price on Saia from $400.00 to $410.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 5th. Finally, Bank of America increased their price target on shares of Saia from $443.00 to $460.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $506.00.

Saia Trading Down 1.6 %

Shares of SAIA stock opened at $537.20 on Tuesday. The company has a market capitalization of $14.28 billion, a PE ratio of 38.37, a price-to-earnings-growth ratio of 3.15 and a beta of 1.73. Saia has a 52-week low of $358.90 and a 52-week high of $628.34. The business’s fifty day moving average is $455.88 and its 200 day moving average is $433.98. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.26.

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

Institutional Trading of Saia

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Blue Trust Inc. raised its holdings in Saia by 161.5% in the second quarter. Blue Trust Inc. now owns 68 shares of the transportation company’s stock worth $32,000 after purchasing an additional 42 shares in the last quarter. Paladin Wealth LLC purchased a new position in Saia during the 3rd quarter valued at about $40,000. Quarry LP purchased a new stake in Saia in the second quarter worth about $41,000. International Assets Investment Management LLC bought a new position in shares of Saia during the second quarter valued at approximately $42,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Saia by 754.5% during the second 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 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.