Saia (NASDAQ:SAIA) Price Target Raised to $410.00

Saia (NASDAQ:SAIA) had its price target lifted by Wells Fargo & Company from $400.00 to $410.00 in a research note published on Thursday, Benzinga reports. The brokerage currently has an equal weight rating on the transportation company’s stock.

A number of other research analysts also recently issued reports on the company. BMO Capital Markets lowered their price target on Saia from $500.00 to $480.00 and set a market perform rating on the stock in a report on Monday, July 29th. Susquehanna dropped their price target on shares of Saia from $610.00 to $550.00 and set a positive rating on the stock in a report on Wednesday, June 12th. Barclays reduced their price target on shares of Saia from $575.00 to $515.00 and set an overweight rating for the company 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 company an outperform rating in a research report on Tuesday, June 25th. Finally, Stifel Nicolaus raised shares of Saia from a hold rating to a buy rating and cut their target price for the stock from $526.00 to $475.00 in a research report on Friday, May 24th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Saia presently has a consensus rating of Hold and a consensus target price of $476.73.

Saia Trading Up 1.0 %

Shares of NASDAQ SAIA opened at $402.39 on Thursday. The firm’s 50 day moving average price is $419.86 and its 200-day moving average price is $471.49. Saia has a 52-week low of $341.26 and a 52-week high of $628.34. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.36 and a current ratio of 1.36. The company has a market cap of $10.70 billion, a PE ratio of 29.16, a P/E/G ratio of 2.01 and a beta of 1.74.

Saia (NASDAQ:SAIA) last announced its quarterly earnings data on Friday, July 26th. The transportation company reported $3.83 earnings per share for the quarter, missing analysts’ consensus estimates of $4.00 by ($0.17). Saia had a return on equity of 19.14% and a net margin of 12.26%. The firm had revenue of $823.24 million during the quarter, compared to analysts’ expectations of $821.60 million. On average, equities research analysts expect that Saia will post 13.88 EPS for the current fiscal year.

Institutional Trading of Saia

Hedge funds have recently bought and sold shares of the stock. Pineridge Advisors LLC bought a new position in shares of Saia in the fourth quarter worth about $26,000. Core Wealth Advisors Inc. purchased a new stake in Saia in the 4th quarter worth approximately $32,000. Blue Trust Inc. increased its holdings in Saia by 161.5% in the 2nd quarter. Blue Trust Inc. now owns 68 shares of the transportation company’s stock worth $32,000 after acquiring an additional 42 shares in the last quarter. Rise Advisors LLC bought a new stake in Saia during the 1st quarter worth approximately $40,000. Finally, Quarry LP purchased a new position in Saia during the second quarter valued at approximately $41,000.

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.