Saia (NASDAQ:SAIA) Price Target Raised to $500.00

Saia (NASDAQ:SAIA) had its price target upped by Jefferies Financial Group from $480.00 to $500.00 in a research note issued to investors on Thursday, Benzinga reports. Jefferies Financial Group currently has a buy rating on the transportation company’s stock.

SAIA has been the subject of a number of other research reports. Bank of America raised their price objective on Saia from $443.00 to $460.00 and gave the company a buy rating in a research report on Thursday, September 5th. Benchmark reissued a buy rating and issued a $480.00 target price on shares of Saia in a report on Thursday, September 19th. The Goldman Sachs Group reduced their target price on Saia from $510.00 to $490.00 and set a neutral rating for the company in a report on Wednesday. BMO Capital Markets reduced their target price on Saia from $500.00 to $480.00 and set a market perform rating for the company in a report on Monday, July 29th. Finally, JPMorgan Chase & Co. lifted their target price on Saia from $479.00 to $481.00 and gave the stock an overweight rating in a report on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $492.00.

Saia Trading Up 5.1 %

SAIA opened at $463.37 on Thursday. The stock has a market cap of $12.32 billion, a PE ratio of 33.58, a PEG ratio of 2.11 and a beta of 1.74. 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 business has a 50 day moving average of $410.48 and a 200-day moving average of $446.38. Saia has a 52 week low of $341.26 and a 52 week high of $628.34.

Saia (NASDAQ:SAIA) last posted 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). Saia had a net margin of 12.26% and a return on equity of 19.14%. The company had revenue of $823.24 million for the quarter, compared to the consensus estimate of $821.60 million. Equities research analysts predict that Saia will post 13.94 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Saia

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Paladin Wealth LLC purchased a new position in Saia during the third quarter valued at $40,000. Redhawk Wealth Advisors Inc. lifted its position in Saia by 4.4% during the third quarter. Redhawk Wealth Advisors Inc. now owns 6,500 shares of the transportation company’s stock valued at $2,842,000 after purchasing an additional 272 shares in the last quarter. LVW Advisors LLC lifted its position in Saia by 12.1% during the third quarter. LVW Advisors LLC now owns 1,645 shares of the transportation company’s stock valued at $719,000 after purchasing an additional 178 shares in the last quarter. Tobam purchased a new position in shares of Saia in the third quarter valued at about $100,000. Finally, Fulton Bank N.A. lifted its position in shares of Saia by 10.6% in the third quarter. Fulton Bank N.A. now owns 1,588 shares of the transportation company’s stock valued at $694,000 after acquiring an additional 152 shares in the last quarter.

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.