Saia (NASDAQ:SAIA) Given New $430.00 Price Target at UBS Group

Saia (NASDAQ:SAIA) had its price objective lowered by UBS Group from $504.00 to $430.00 in a report published on Friday,Benzinga reports. The brokerage currently has a buy rating on the transportation company’s stock.

A number of other research analysts also recently commented on the company. The Goldman Sachs Group restated a “buy” rating and issued a $476.00 target price on shares of Saia in a research note on Thursday, July 30th. Bank of America reiterated a “buy” rating on shares of Saia in a report on Friday, September 4th. JPMorgan Chase & Co. increased their price objective on Saia from $463.00 to $468.00 and gave the stock an “overweight” rating in a report on Friday. Barclays reduced their target price on shares of Saia from $500.00 to $475.00 and set an “overweight” rating for the company in a research note on Friday, July 31st. Finally, Stephens dropped their price target on shares of Saia from $520.00 to $490.00 and set an “overweight” rating on the stock in a research note on Friday, July 31st. Fourteen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $432.26.

Saia Stock Performance

Shares of SAIA opened at $344.61 on Friday. The company has a market capitalization of $9.19 billion, a PE ratio of 32.66, a PEG ratio of 2.62 and a beta of 2.09. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.83 and a current ratio of 1.83. The company’s 50 day moving average price is $342.03 and its 200 day moving average price is $387.51. Saia has a 52 week low of $249.32 and a 52 week high of $494.71.

Saia (NASDAQ:SAIA) last issued its earnings results on Thursday, October 29th. The transportation company reported $3.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.30 by $0.11. Saia had a net margin of 8.01% and a return on equity of 10.53%. The company had revenue of $982.45 million during the quarter, compared to analyst estimates of $966.98 million. During the same quarter last year, the business posted $2.81 EPS. The company’s revenue for the quarter was up 17.0% on a year-over-year basis. Research analysts expect that Saia will post 11.49 EPS for the current fiscal year.

Institutional Trading of Saia

Several large investors have recently modified their holdings of SAIA. Azimuth Capital Investment Management LLC bought a new stake in shares of Saia in the 2nd quarter worth approximately $9,789,000. Montag A & Associates Inc. bought a new stake in shares of Saia during the first quarter valued at approximately $1,505,000. Marks Group Wealth Management Inc raised its stake in shares of Saia by 32.9% in the first quarter. Marks Group Wealth Management Inc now owns 19,040 shares of the transportation company’s stock valued at $6,688,000 after purchasing an additional 4,717 shares in the last quarter. London Co. of Virginia raised its stake in shares of Saia by 10.5% in the first quarter. London Co. of Virginia now owns 86,774 shares of the transportation company’s stock valued at $30,484,000 after purchasing an additional 8,255 shares in the last quarter. Finally, California State Teachers Retirement System lifted its position in Saia by 23.1% in the first quarter. California State Teachers Retirement System now owns 30,917 shares of the transportation company’s stock worth $10,861,000 after purchasing an additional 5,810 shares during the period.

About Saia

Saia, Inc is a transportation and logistics company headquartered in Johns Creek, Georgia. Through its primary subsidiary, Saia LTL Freight, the company provides less-than-truckload transportation, moving palletized and other freight shipments that do not require a full trailer. Its services include standard and time-definite delivery, expedited transportation, guaranteed services, and shipment tracking.

Saia also provides non-asset-based logistics services through Saia Logistics Services, which helps customers arrange freight transportation using third-party carriers.