Saia (NASDAQ:SAIA) Research Coverage Started at Sanford C. Bernstein

Sanford C. Bernstein started coverage on shares of Saia (NASDAQ:SAIA) in a research note issued to investors on Thursday morning, MarketBeat reports. The firm issued an outperform rating and a $439.00 target price on the transportation company’s stock.

SAIA has been the topic of a number of other research reports. BMO Capital Markets increased their price objective on Saia from $450.00 to $470.00 and gave the company a “market perform” rating in a report on Thursday, June 4th. JPMorgan Chase & Co. reduced their target price on Saia from $498.00 to $490.00 and set an “overweight” rating for the company in a report on Friday, September 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Saia in a research report on Monday, August 3rd. The Goldman Sachs Group reiterated a “buy” rating and set a $476.00 price target on shares of Saia in a report on Thursday, July 30th. Finally, Barclays dropped their price target on shares of Saia from $500.00 to $475.00 and set an “overweight” rating on the stock in a research report on Friday, July 31st. Fourteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Saia has a consensus rating of “Moderate Buy” and an average target price of $448.37.

Saia Stock Up 1.5%

SAIA stock opened at $351.05 on Thursday. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.04. Saia has a 1 year low of $249.32 and a 1 year high of $494.71. The company has a fifty day simple moving average of $380.60 and a 200 day simple moving average of $402.78. The firm has a market cap of $9.36 billion, a PE ratio of 33.89, a PEG ratio of 2.83 and a beta of 2.14.

Saia (NASDAQ:SAIA) last posted its earnings results on Thursday, July 30th. The transportation company reported $3.51 EPS for the quarter, topping the consensus estimate of $3.38 by $0.13. Saia had a net margin of 8.19% and a return on equity of 10.21%. The firm had revenue of $956.49 million for the quarter, compared to the consensus estimate of $956.20 million. During the same period in the prior year, the business posted $2.67 earnings per share. The business’s quarterly revenue was up 17.1% on a year-over-year basis. Sell-side analysts anticipate that Saia will post 11.43 EPS for the current fiscal year.

Institutional Trading of Saia

A number of hedge funds have recently bought and sold shares of the stock. Danske Bank A S acquired a new position in shares of Saia during the second quarter valued at about $25,000. Caitong International Asset Management Co. Ltd acquired a new stake in Saia during the second quarter worth about $27,000. Quarry LP grew its position in Saia by 8,400.0% during the fourth quarter. Quarry LP now owns 85 shares of the transportation company’s stock worth $28,000 after buying an additional 84 shares in the last quarter. Meeder Asset Management Inc. grew its position in Saia by 360.0% during the second quarter. Meeder Asset Management Inc. now owns 69 shares of the transportation company’s stock worth $29,000 after buying an additional 54 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in Saia during the fourth quarter valued at about $36,000.

About Saia

Saia, Inc is a transportation and logistics company headquartered in Johns Creek, Georgia. Its principal operating subsidiary, Saia LTL Freight, provides less-than-truckload transportation, moving shipments from multiple customers in a single trailer. The company serves businesses across the contiguous United States and offers regional, interregional and long-distance freight services.

Saia’s services include standard and expedited LTL shipping, guaranteed delivery options, volume and truckload solutions, and specialized transportation for certain freight needs.