Saia (NASDAQ:SAIA) Given New $488.00 Price Target at Evercore ISI

Saia (NASDAQ:SAIA) had its price objective reduced by Evercore ISI from $503.00 to $488.00 in a report issued on Thursday morning, Benzinga reports. Evercore ISI currently has an outperform rating on the transportation company’s stock.

Other equities analysts have also issued reports about the company. JPMorgan Chase & Co. increased their price objective on Saia from $479.00 to $481.00 and gave the stock an overweight rating in a report on Friday, September 6th. Wells Fargo & Company raised their price objective on shares of Saia from $400.00 to $410.00 and gave the company an equal weight rating in a research note on Thursday, September 5th. Benchmark reaffirmed a buy rating and set a $480.00 price target on shares of Saia in a research note on Thursday, September 19th. Susquehanna boosted their price objective on Saia from $550.00 to $585.00 and gave the stock a positive rating in a research note on Wednesday, September 18th. Finally, Barclays decreased their target price on Saia from $575.00 to $515.00 and set an overweight rating for the company in a research note on Monday, July 29th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Saia currently has a consensus rating of Moderate Buy and a consensus target price of $488.43.

Saia Stock Performance

Shares of SAIA opened at $428.14 on Thursday. The stock has a market capitalization of $11.38 billion, a PE ratio of 31.02, a price-to-earnings-growth ratio of 2.03 and a beta of 1.74. The business’s fifty day moving average price is $406.02 and its 200 day moving average price is $450.45. 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 has a 12-month low of $341.26 and a 12-month high of $628.34.

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 analysts’ consensus estimates of $4.00 by ($0.17). The company had revenue of $823.24 million for the quarter, compared to analyst estimates of $821.60 million. Saia had a net margin of 12.26% and a return on equity of 19.14%. Equities research analysts forecast that Saia will post 13.91 EPS for the current year.

Institutional Trading of Saia

Several large investors have recently modified their holdings of the company. AdvisorNet Financial Inc increased its position in Saia by 5.7% in the 1st quarter. AdvisorNet Financial Inc now owns 387 shares of the transportation company’s stock worth $226,000 after buying an additional 21 shares during the period. Fifth Third Bancorp increased its stake in Saia by 10.5% in the second quarter. Fifth Third Bancorp now owns 232 shares of the transportation company’s stock valued at $110,000 after acquiring an additional 22 shares during the period. LRI Investments LLC raised its position in Saia by 6.6% in the second quarter. LRI Investments LLC now owns 386 shares of the transportation company’s stock worth $183,000 after purchasing an additional 24 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Saia by 3.9% during the first quarter. EverSource Wealth Advisors LLC now owns 723 shares of the transportation company’s stock worth $423,000 after purchasing an additional 27 shares during the period. Finally, Envestnet Portfolio Solutions Inc. boosted its holdings in Saia by 1.0% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 2,977 shares of the transportation company’s stock valued at $1,742,000 after purchasing an additional 30 shares in the last quarter.

About Saia

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.