Saia (NASDAQ:SAIA) Shares Gap Up – Time to Buy?

Saia, Inc. (NASDAQ:SAIA) gapped up prior to trading on Wednesday . The stock had previously closed at $436.81, but opened at $451.07. Saia shares last traded at $450.33, with a volume of 26,025 shares trading hands.

Wall Street Analyst Weigh In

SAIA has been the topic of a number of research reports. Susquehanna boosted their target price on shares of Saia from $550.00 to $585.00 and gave the stock a “positive” rating in a report on Wednesday, September 18th. Barclays reduced their target price on shares of Saia from $575.00 to $515.00 and set an “overweight” rating on the stock in a report on Monday, July 29th. Wells Fargo & Company boosted their target price 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. Evercore ISI reduced their target price on shares of Saia from $503.00 to $488.00 and set an “outperform” rating on the stock in a report on Thursday, October 3rd. Finally, TD Cowen boosted their target price on shares of Saia from $416.00 to $418.00 and gave the stock a “hold” rating in a report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Saia presently has a consensus rating of “Moderate Buy” and an average price target of $492.00.

Saia Stock Performance

The company has a market capitalization of $11.72 billion, a PE ratio of 31.02, a PEG ratio of 2.11 and a beta of 1.74. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.08. The firm’s 50-day simple moving average is $408.88 and its 200-day simple moving average is $448.22.

Saia (NASDAQ:SAIA) last released its quarterly earnings data 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 company had revenue of $823.24 million during the quarter, compared to analysts’ expectations of $821.60 million. Saia had a net margin of 12.26% and a return on equity of 19.14%. On average, research analysts predict that Saia, Inc. will post 13.94 earnings per share for the current year.

Institutional Investors Weigh In On Saia

Large investors have recently added to or reduced their stakes in the stock. Pineridge Advisors LLC purchased a new stake in Saia in the 4th quarter valued at about $26,000. Blue Trust Inc. boosted its stake in shares of Saia by 161.5% during the second quarter. Blue Trust Inc. now owns 68 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 42 shares in the last quarter. Rise Advisors LLC bought a new position in shares of Saia during the first quarter valued at approximately $40,000. Quarry LP bought a new position in shares of Saia during the second quarter valued at approximately $41,000. Finally, International Assets Investment Management LLC bought a new position in shares of Saia during the second quarter valued at approximately $42,000.

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.