Saia (NASDAQ:SAIA) Price Target Raised to $418.00

Saia (NASDAQ:SAIA) had its target price raised by TD Cowen from $416.00 to $418.00 in a report published on Thursday morning, Benzinga reports. TD Cowen currently has a hold rating on the transportation company’s stock.

SAIA has been the topic of several other reports. Wells Fargo & Company cut their target price on shares of Saia from $445.00 to $400.00 and set an equal weight rating on the stock in a research note on Monday, July 29th. Evercore ISI increased their price objective on shares of Saia from $523.00 to $566.00 and gave the stock an outperform rating in a research report on Tuesday, June 25th. Raymond James decreased their target price on Saia from $540.00 to $520.00 and set an outperform rating for the company in a research report on Monday, June 24th. Barclays cut their price target on Saia from $575.00 to $515.00 and set an overweight rating on the stock in a report on Monday, July 29th. Finally, Susquehanna decreased their price objective on Saia from $610.00 to $550.00 and set a positive rating for the company in a report on Wednesday, June 12th. Two analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Saia has a consensus rating of Hold and an average target price of $476.73.

Saia Stock Up 1.0 %

Shares of NASDAQ:SAIA opened at $402.39 on Thursday. Saia has a 1 year low of $341.26 and a 1 year high of $628.34. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.36 and a quick ratio of 1.36. The business’s 50-day moving average is $419.86 and its 200-day moving average is $471.49. The company has a market capitalization of $10.70 billion, a price-to-earnings ratio of 29.16, a P/E/G ratio of 2.01 and a beta of 1.74.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Friday, July 26th. The transportation company reported $3.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.00 by ($0.17). The business had revenue of $823.24 million during the quarter, compared to analyst estimates of $821.60 million. Saia had a net margin of 12.26% and a return on equity of 19.14%. Equities research analysts predict that Saia will post 13.88 earnings per share for the current year.

Hedge Funds Weigh In On Saia

A number of hedge funds have recently bought and sold shares of SAIA. Benjamin F. Edwards & Company Inc. purchased a new position in Saia during the fourth quarter worth about $58,000. Axxcess Wealth Management LLC boosted its stake in shares of Saia by 6.1% in the 4th quarter. Axxcess Wealth Management LLC now owns 610 shares of the transportation company’s stock worth $267,000 after buying an additional 35 shares during the last quarter. National Bank of Canada FI bought a new position in shares of Saia in the fourth quarter valued at approximately $44,000. Charles Schwab Investment Management Inc. increased its position in shares of Saia by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 208,711 shares of the transportation company’s stock valued at $91,461,000 after acquiring an additional 2,801 shares during the last quarter. Finally, Principal Securities Inc. purchased a new stake in shares of Saia during the fourth quarter valued at approximately $146,000.

Saia Company Profile

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.