Saia (NASDAQ:SAIA) Given New $566.00 Price Target at Evercore ISI

Saia (NASDAQ:SAIA) had its price objective increased by Evercore ISI from $523.00 to $566.00 in a research note published on Tuesday, Benzinga reports. Evercore ISI currently has an outperform rating on the transportation company’s stock.

Several other equities analysts also recently commented on the stock. Bank of America dropped their price objective on shares of Saia from $645.00 to $484.00 and set a buy rating for the company in a research note on Monday, April 29th. Benchmark boosted their price objective on Saia from $575.00 to $625.00 and gave the stock a buy rating in a research report on Thursday, March 21st. UBS Group dropped their target price on Saia from $618.00 to $541.00 and set a buy rating for the company in a research report on Monday, April 29th. Susquehanna cut their price target on Saia from $610.00 to $550.00 and set a positive rating on the stock in a research note on Wednesday, June 12th. Finally, Raymond James lowered their price objective on Saia from $540.00 to $520.00 and set an outperform rating for the company in a research note on Monday. Two research analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of Hold and a consensus price target of $498.00.

Saia Trading Down 0.0 %

Shares of SAIA opened at $466.94 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.23 and a current ratio of 1.23. Saia has a 52-week low of $313.53 and a 52-week high of $628.34. The firm has a market cap of $12.42 billion, a price-to-earnings ratio of 33.84, a PEG ratio of 1.65 and a beta of 1.70. The business’s fifty day moving average is $436.51 and its 200-day moving average is $487.26.

Saia (NASDAQ:SAIA) last released its earnings results on Friday, April 26th. The transportation company reported $3.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.43 by ($0.05). The business had revenue of $754.80 million during the quarter, compared to the consensus estimate of $772.36 million. Saia had a net margin of 12.42% and a return on equity of 19.53%. The business’s revenue was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.85 EPS. Equities analysts anticipate that Saia will post 15.31 EPS for the current fiscal year.

Insider Buying and Selling at Saia

In other Saia news, Director John P. Gainor, Jr. acquired 500 shares of the stock in a transaction dated Thursday, May 2nd. The stock was purchased at an average cost of $407.00 per share, with a total value of $203,500.00. Following the transaction, the director now owns 900 shares in the company, valued at approximately $366,300. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On Saia

A number of institutional investors and hedge funds have recently modified their holdings of SAIA. Contravisory Investment Management Inc. acquired a new position in shares of Saia during the 4th quarter valued at $26,000. Pineridge Advisors LLC bought a new position in shares of Saia during the 4th quarter worth about $26,000. Core Wealth Advisors Inc. bought a new position in shares of Saia during the 4th quarter worth about $32,000. Rise Advisors LLC bought a new stake in Saia in the 1st quarter valued at about $40,000. Finally, GAMMA Investing LLC acquired a new position in Saia during the 4th quarter worth approximately $43,000.

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.