Saia (NASDAQ:SAIA) Lifted to Outperform at Wolfe Research

Saia (NASDAQ:SAIA) was upgraded by stock analysts at Wolfe Research from a “peer perform” rating to an “outperform” rating in a report issued on Wednesday, MarketBeat reports. The firm currently has a $511.00 price objective on the transportation company’s stock. Wolfe Research’s target price suggests a potential upside of 16.98% from the company’s current price.

SAIA has been the subject of several other research reports. Wells Fargo & Company upped their price objective on shares of Saia from $400.00 to $410.00 and gave the stock an “equal weight” rating in a report on Thursday, September 5th. Raymond James decreased their price objective on shares of Saia from $540.00 to $520.00 and set an “outperform” rating for the company in a report on Monday, June 24th. 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. Benchmark reissued a “buy” rating and issued a $480.00 price target on shares of Saia in a report on Thursday, September 19th. Finally, TD Cowen lifted their price objective on shares of Saia from $416.00 to $418.00 and gave the stock a “hold” rating in a research note on Thursday, September 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $496.60.

Saia Stock Performance

SAIA opened at $436.81 on Wednesday. Saia has a twelve month low of $341.26 and a twelve month high of $628.34. The stock has a market cap of $11.61 billion, a PE ratio of 31.65, a price-to-earnings-growth ratio of 2.03 and a beta of 1.74. The business’s 50 day moving average is $407.36 and its 200-day moving average is $448.27. 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 announced its earnings results on Friday, July 26th. The transportation company reported $3.83 earnings per share for the quarter, missing the consensus estimate of $4.00 by ($0.17). Saia had a net margin of 12.26% and a return on equity of 19.14%. The business had revenue of $823.24 million for the quarter, compared to the consensus estimate of $821.60 million. On average, analysts predict that Saia will post 13.91 earnings per share for the current year.

Institutional Trading of Saia

Several hedge funds and other institutional investors have recently modified their holdings of the company. Pineridge Advisors LLC acquired a new position in Saia in the 4th quarter worth about $26,000. Blue Trust Inc. increased 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 buying an additional 42 shares during the last quarter. Rise Advisors LLC bought a new position in Saia during the first quarter valued at approximately $40,000. Quarry LP bought a new position in Saia during the second quarter valued at approximately $41,000. Finally, International Assets Investment Management LLC acquired a new stake in Saia in the second quarter valued at approximately $42,000.

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.