Saia (NASDAQ:SAIA) Price Target Raised to $620.00

Saia (NASDAQ:SAIA) had its price target boosted by equities research analysts at Barclays from $515.00 to $620.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the transportation company’s stock. Barclays‘s target price would suggest a potential upside of 13.47% from the company’s previous close.

A number of other analysts also recently issued reports on SAIA. Stephens raised their target price on Saia from $481.00 to $515.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. Citigroup increased their price target on shares of Saia from $534.00 to $651.00 and gave the company a “buy” rating in a research note on Tuesday. 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. TD Cowen increased their price objective on Saia from $416.00 to $418.00 and gave the stock a “hold” rating in a research report on Thursday, September 5th. Finally, BMO Capital Markets raised their price objective on Saia from $465.00 to $495.00 and gave the stock a “market perform” rating in a research report on Monday, October 28th. 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 stock. According to MarketBeat.com, Saia has a consensus rating of “Moderate Buy” and a consensus target price of $506.00.

Saia Price Performance

Shares of SAIA traded up $0.67 during trading hours on Wednesday, hitting $546.40. 41,443 shares of the stock were exchanged, compared to its average volume of 388,297. The stock’s 50-day moving average price is $453.48 and its two-hundred day moving average price is $433.25. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market cap of $14.53 billion, a price-to-earnings ratio of 38.90, a price-to-earnings-growth ratio of 3.15 and a beta of 1.73. Saia has a 12-month low of $358.90 and a 12-month high of $628.34.

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

Hedge Funds Weigh In On Saia

A number of hedge funds and other institutional investors have recently bought and sold shares of SAIA. SG Americas Securities LLC acquired a new stake in Saia in the first quarter valued at about $569,000. Atomi Financial Group Inc. purchased a new stake in shares of Saia during the 1st quarter worth approximately $206,000. Bleakley Financial Group LLC boosted its stake in shares of Saia by 7.0% during the 1st quarter. Bleakley Financial Group LLC now owns 707 shares of the transportation company’s stock worth $414,000 after acquiring an additional 46 shares in the last quarter. Koshinski Asset Management Inc. acquired a new stake in shares of Saia in the 1st quarter worth approximately $237,000. Finally, Dorsey & Whitney Trust CO LLC purchased a new position in Saia in the 1st quarter valued at approximately $259,000.

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.