Saia (NASDAQ:SAIA) PT Lowered to $488.00 at Evercore ISI

Saia (NASDAQ:SAIA) had its price target cut by Evercore ISI from $503.00 to $488.00 in a report released on Thursday, Benzinga reports. They currently have an outperform rating on the transportation company’s stock.

Several other research analysts have also recently issued reports on SAIA. Barclays cut their price objective on Saia from $575.00 to $515.00 and set an overweight rating for the company in a research report on Monday, July 29th. BMO Capital Markets cut their price target on shares of Saia from $500.00 to $480.00 and set a market perform rating for the company in a report on Monday, July 29th. Benchmark reissued a buy rating and set a $480.00 price objective on shares of Saia in a report on Thursday, September 19th. JPMorgan Chase & Co. increased their target price on shares of Saia from $479.00 to $481.00 and gave the company an overweight rating in a report on Friday, September 6th. Finally, TD Cowen boosted their price target on Saia from $416.00 to $418.00 and gave the stock a hold rating in a research note on Thursday, September 5th. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Saia currently has an average rating of Moderate Buy and a consensus price target of $488.43.

Saia Stock Up 0.4 %

Shares of NASDAQ:SAIA opened at $428.14 on Thursday. Saia has a fifty-two week low of $341.26 and a fifty-two week high of $628.34. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.08. The firm’s 50-day simple moving average is $406.02 and its 200-day simple moving average is $451.28. The company has a market cap of $11.38 billion, a price-to-earnings ratio of 31.02, a PEG ratio of 2.03 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). The business had revenue of $823.24 million during the quarter, compared to analysts’ expectations of $821.60 million. Saia had a net margin of 12.26% and a return on equity of 19.14%. As a group, equities research analysts predict that Saia will post 13.91 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Capital Research Global Investors boosted its position in Saia by 129.8% during the fourth quarter. Capital Research Global Investors now owns 920,258 shares of the transportation company’s stock worth $403,275,000 after acquiring an additional 519,819 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Saia by 347.3% during the second quarter. American Century Companies Inc. now owns 159,853 shares of the transportation company’s stock worth $75,817,000 after purchasing an additional 124,117 shares during the last quarter. Clearbridge Investments LLC purchased a new stake in shares of Saia in the first quarter valued at $27,733,000. Vaughan Nelson Investment Management L.P. increased its stake in Saia by 6.8% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 708,420 shares of the transportation company’s stock valued at $414,425,000 after purchasing an additional 45,155 shares during the last quarter. Finally, Natixis Investment Managers International lifted its position in Saia by 53.7% during the fourth quarter. Natixis Investment Managers International now owns 95,730 shares of the transportation company’s stock worth $41,951,000 after buying an additional 33,445 shares during the period.

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.