Saia (NASDAQ:SAIA) Given New $651.00 Price Target at Citigroup

Saia (NASDAQ:SAIA) had its target price hoisted by Citigroup from $534.00 to $651.00 in a report released on Tuesday morning,Benzinga reports. They currently have a buy rating on the transportation company’s stock.

Several other equities analysts also recently commented on the stock. BMO Capital Markets upped their price target on shares of Saia from $465.00 to $495.00 and gave the company a “market perform” rating in a research note on Monday, October 28th. Stephens raised their target price on shares of Saia from $481.00 to $515.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. Jefferies Financial Group lifted their price target on shares of Saia from $480.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Barclays reduced their price target on Saia from $575.00 to $515.00 and set an “overweight” rating on the stock in a research report on Monday, July 29th. Finally, The Goldman Sachs Group dropped their price objective on Saia from $510.00 to $490.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $499.82.

Saia Stock Performance

Shares of SAIA stock opened at $545.73 on Tuesday. The company has a market capitalization of $14.51 billion, a price-to-earnings ratio of 38.98, a PEG ratio of 3.22 and a beta of 1.73. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.26. Saia has a 52 week low of $358.90 and a 52 week high of $628.34. The company has a 50-day simple moving average of $453.48 and a 200 day simple moving average of $433.25.

Saia (NASDAQ:SAIA) last announced its earnings results on Friday, October 25th. The transportation company reported $3.46 earnings per share for the quarter, missing analysts’ consensus estimates of $3.53 by ($0.07). Saia had a return on equity of 18.00% and a net margin of 11.83%. The firm had revenue of $842.10 million for the quarter, compared to the consensus estimate of $839.82 million. During the same quarter last year, the business posted $3.67 EPS. Saia’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, sell-side analysts predict that Saia will post 13.54 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Fifth Third Bancorp increased its holdings in Saia by 10.5% in the 2nd quarter. Fifth Third Bancorp now owns 232 shares of the transportation company’s stock worth $110,000 after purchasing an additional 22 shares in the last quarter. LRI Investments LLC grew its holdings in shares of Saia by 6.6% during 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 during the last quarter. CIBC Asset Management Inc increased its stake in shares of Saia by 3.5% in the third quarter. CIBC Asset Management Inc now owns 770 shares of the transportation company’s stock valued at $337,000 after buying an additional 26 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Saia by 3.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 723 shares of the transportation company’s stock valued at $423,000 after buying an additional 27 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC boosted its position in Saia by 4.1% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 770 shares of the transportation company’s stock worth $337,000 after buying an additional 30 shares during the period.

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.