Citigroup Raises Saia (NASDAQ:SAIA) Price Target to $651.00

Saia (NASDAQ:SAIA) had its price target raised by research analysts at Citigroup from $534.00 to $651.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the transportation company’s stock. Citigroup’s price target would suggest a potential upside of 21.18% from the stock’s previous close.

A number of other brokerages also recently issued reports on SAIA. Stifel Nicolaus downgraded Saia from a “buy” rating to a “hold” rating and lowered their price target for the company from $440.00 to $437.00 in a report on Monday, October 21st. Evercore ISI lowered their target price on shares of Saia from $503.00 to $488.00 and set an “outperform” rating on the stock in a research note on Thursday, October 3rd. Jefferies Financial Group raised their price target on shares of Saia from $480.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Susquehanna boosted their price objective on shares of Saia from $550.00 to $585.00 and gave the company a “positive” rating in a report on Wednesday, September 18th. Finally, BMO Capital Markets raised 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, October 28th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $506.00.

Saia Stock Down 1.6 %

Shares of Saia stock opened at $537.20 on Tuesday. The company has a 50-day simple moving average of $455.88 and a two-hundred day simple moving average of $433.98. The stock has a market capitalization of $14.28 billion, a PE ratio of 38.37, a price-to-earnings-growth ratio of 3.15 and a beta of 1.73. Saia has a 52-week low of $358.90 and a 52-week high of $628.34. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.26.

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

Institutional Trading of Saia

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Capital Research Global Investors lifted its stake in shares of Saia by 16.2% during the 1st quarter. Capital Research Global Investors now owns 1,069,332 shares of the transportation company’s stock worth $625,559,000 after acquiring an additional 149,074 shares during the last quarter. American Century Companies Inc. lifted its holdings in Saia by 347.3% during the 2nd quarter. American Century Companies Inc. now owns 159,853 shares of the transportation company’s stock valued at $75,817,000 after buying an additional 124,117 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Saia by 64.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 250,626 shares of the transportation company’s stock valued at $109,589,000 after buying an additional 98,383 shares during the period. Clearbridge Investments LLC bought a new position in Saia in the 1st quarter worth about $27,733,000. Finally, International Assets Investment Management LLC raised its stake in shares of Saia by 43,625.8% during the third quarter. International Assets Investment Management LLC now owns 38,916 shares of the transportation company’s stock valued at $17,016,000 after acquiring an additional 38,827 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.