Saia (NASDAQ:SAIA) Price Target Raised to $495.00

Saia (NASDAQ:SAIA) had its target price increased by BMO Capital Markets from $465.00 to $495.00 in a research report released on Monday morning, Benzinga reports. The brokerage currently has a market perform rating on the transportation company’s stock.

Several other brokerages have also commented on SAIA. Stifel Nicolaus lowered shares of Saia from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $440.00 to $437.00 in a report on Monday, October 21st. Evercore ISI decreased their price target on shares of Saia from $503.00 to $488.00 and set an “outperform” rating for the company in a research note on Thursday, October 3rd. Susquehanna lifted their price objective on Saia from $550.00 to $585.00 and gave the company a “positive” rating in a research report on Wednesday, September 18th. Benchmark reiterated a “buy” rating and set a $480.00 target price on shares of Saia in a report on Thursday, September 19th. Finally, Wolfe Research upgraded Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 target price for the company in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $492.00.

Saia Stock Up 3.0 %

NASDAQ SAIA opened at $491.33 on Monday. Saia has a 1 year low of $354.32 and a 1 year high of $628.34. The stock has a market capitalization of $13.06 billion, a PE ratio of 35.60, a PEG ratio of 2.21 and a beta of 1.74. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.26 and a quick ratio of 1.36. The business’s 50-day moving average is $426.08 and its 200 day moving average is $433.77.

Saia (NASDAQ:SAIA) last issued its quarterly earnings data 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). The business had revenue of $842.10 million during the quarter, compared to the consensus estimate of $839.82 million. Saia had a return on equity of 18.00% and a net margin of 11.83%. Saia’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.67 earnings per share. Sell-side analysts forecast that Saia will post 13.88 earnings per share for the current year.

Institutional Trading of Saia

Institutional investors and hedge funds have recently bought and sold shares of the company. Blue Trust Inc. raised its stake in shares of 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 during the last quarter. Quarry LP bought a new stake in Saia in the 2nd quarter worth about $41,000. International Assets Investment Management LLC purchased a new position in Saia in the 2nd quarter worth about $42,000. Paladin Wealth LLC bought a new position in Saia during the 3rd quarter valued at about $40,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Saia by 754.5% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 94 shares of the transportation company’s stock valued at $45,000 after acquiring 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.