Susquehanna Boosts Saia (NASDAQ:SAIA) Price Target to $585.00

Saia (NASDAQ:SAIA) had its target price lifted by Susquehanna from $550.00 to $585.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has a “positive” rating on the transportation company’s stock. Susquehanna’s price objective points to a potential upside of 33.45% from the stock’s current price.

Several other research firms have also issued reports on SAIA. TD Cowen upped their target price on Saia from $416.00 to $418.00 and gave the company a “hold” rating in a report on Thursday, September 5th. BMO Capital Markets reduced their target price on shares of Saia from $500.00 to $480.00 and set a “market perform” rating for the company in a research report on Monday, July 29th. Raymond James lowered their price target on shares of Saia from $540.00 to $520.00 and set an “outperform” rating on the stock in a report on Monday, June 24th. Evercore ISI upped their price target on Saia from $523.00 to $566.00 and gave the company an “outperform” rating in a research report on Tuesday, June 25th. Finally, Wells Fargo & Company lifted their price objective on Saia from $400.00 to $410.00 and gave the stock an “equal weight” rating in a report on Thursday, September 5th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $479.07.

Saia Trading Up 0.8 %

SAIA opened at $438.37 on Wednesday. The firm has a market capitalization of $11.66 billion, a price-to-earnings ratio of 31.77, a PEG ratio of 1.98 and a beta of 1.74. Saia has a fifty-two week low of $341.26 and a fifty-two week high of $628.34. The company’s 50 day moving average price is $414.52 and its two-hundred day moving average price is $463.83. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.36 and a quick ratio of 1.36.

Saia (NASDAQ:SAIA) last issued its 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). Saia had a return on equity of 19.14% and a net margin of 12.26%. The company had revenue of $823.24 million for the quarter, compared to the consensus estimate of $821.60 million. As a group, research analysts predict that Saia will post 13.92 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 the company. Vanguard Group Inc. boosted its position in Saia by 0.6% in the first quarter. Vanguard Group Inc. now owns 2,505,108 shares of the transportation company’s stock worth $1,465,488,000 after purchasing an additional 15,605 shares during the last quarter. Capital Research Global Investors increased its holdings in shares of Saia by 16.2% in the first quarter. Capital Research Global Investors now owns 1,069,332 shares of the transportation company’s stock worth $625,559,000 after purchasing an additional 149,074 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Saia by 2.6% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 869,859 shares of the transportation company’s stock valued at $412,566,000 after buying an additional 22,143 shares during the last quarter. Artisan Partners Limited Partnership lifted its position in Saia by 1.9% during the fourth quarter. Artisan Partners Limited Partnership now owns 817,411 shares of the transportation company’s stock valued at $358,206,000 after purchasing an additional 15,317 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its position in Saia by 6.8% in 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 during the last quarter.

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.