Saia (NASDAQ:SAIA) Trading 4.3% Higher After Analyst Upgrade

Saia, Inc. (NASDAQ:SAIA) shares shot up 4.3% on Wednesday after Stephens raised their price target on the stock from $481.00 to $515.00. Stephens currently has an overweight rating on the stock. Saia traded as high as $499.30 and last traded at $497.29. 31,751 shares were traded during mid-day trading, a decline of 92% from the average session volume of 388,175 shares. The stock had previously closed at $476.99.

SAIA has been the topic of a number of other reports. JPMorgan Chase & Co. boosted their price objective on Saia from $479.00 to $481.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. TD Cowen lifted their target price on Saia from $416.00 to $418.00 and gave the company a “hold” rating in a report on Thursday, September 5th. Wolfe Research raised shares of Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 price target on the stock in a report on Wednesday, October 9th. Jefferies Financial Group boosted their price objective on shares of Saia from $480.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Finally, BMO Capital Markets upped their target price on shares of Saia from $465.00 to $495.00 and gave the stock a “market perform” rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Saia presently has an average rating of “Moderate Buy” and an average price target of $492.00.

Hedge Funds Weigh In On Saia

Institutional investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC grew its position in Saia by 5.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 4,310 shares of the transportation company’s stock worth $2,521,000 after acquiring an additional 219 shares in the last quarter. State of Michigan Retirement System increased its position in shares of Saia by 1.6% during the 1st quarter. State of Michigan Retirement System now owns 6,486 shares of the transportation company’s stock valued at $3,794,000 after purchasing an additional 100 shares during the last quarter. Norden Group LLC increased its position in shares of Saia by 1,556.1% during the 1st quarter. Norden Group LLC now owns 26,299 shares of the transportation company’s stock valued at $15,385,000 after purchasing an additional 24,711 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in Saia by 49.8% in the first quarter. Commonwealth Equity Services LLC now owns 2,321 shares of the transportation company’s stock worth $1,358,000 after buying an additional 772 shares during the last quarter. Finally, Van ECK Associates Corp boosted its stake in Saia by 36.5% during the first quarter. Van ECK Associates Corp now owns 10,465 shares of the transportation company’s stock worth $6,122,000 after buying an additional 2,799 shares during the period.

Saia Price Performance

The firm has a market cap of $13.22 billion, a P/E ratio of 34.56, a PEG ratio of 2.21 and a beta of 1.74. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.26 and a quick ratio of 1.36. The stock’s 50-day simple moving average is $424.22 and its two-hundred day simple moving average is $434.48.

Saia (NASDAQ:SAIA) last posted its quarterly earnings data 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). The firm had revenue of $842.10 million during the quarter, compared to analysts’ expectations of $839.82 million. Saia had a return on equity of 18.00% and a net margin of 11.83%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period last year, the company earned $3.67 earnings per share. Equities research analysts forecast that Saia, Inc. will post 13.88 earnings per share for the current fiscal year.

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.