Analysts Set Saia, Inc. (NASDAQ:SAIA) Target Price at $479.07

Shares of Saia, Inc. (NASDAQ:SAIA) have been assigned an average rating of “Moderate Buy” from the fifteen research firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $479.07.

Several brokerages recently commented on SAIA. BMO Capital Markets reduced their target price on Saia from $500.00 to $480.00 and set a “market perform” rating on the stock in a report on Monday, July 29th. TD Cowen upped their price objective on shares of Saia from $416.00 to $418.00 and gave the company a “hold” rating in a research note on Thursday, September 5th. JPMorgan Chase & Co. lifted their target price on shares of Saia from $479.00 to $481.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. Barclays cut their price target on shares of Saia from $575.00 to $515.00 and set an “overweight” rating on the stock in a research report on Monday, July 29th. Finally, Evercore ISI lifted their price objective on Saia from $523.00 to $566.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 25th.

Institutional Trading of Saia

Several hedge funds have recently added to or reduced their stakes in SAIA. Pineridge Advisors LLC purchased a new position in shares of Saia during the 4th quarter valued at $26,000. Core Wealth Advisors Inc. bought a new stake in Saia during the 4th quarter valued at $32,000. Blue Trust Inc. lifted its position in shares of Saia by 161.5% during the second quarter. Blue Trust Inc. now owns 68 shares of the transportation company’s stock worth $32,000 after acquiring an additional 42 shares in the last quarter. Rise Advisors LLC bought a new position in shares of Saia in the first quarter worth $40,000. Finally, Quarry LP purchased a new position in shares of Saia in the second quarter valued at $41,000.

Saia Price Performance

Shares of NASDAQ:SAIA opened at $436.78 on Friday. The firm has a 50 day simple moving average of $414.29 and a 200 day simple moving average of $460.59. The company has a market cap of $11.61 billion, a price-to-earnings ratio of 31.65, a PEG ratio of 2.05 and a beta of 1.74. Saia has a one year low of $341.26 and a one year high of $628.34. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.36 and a quick ratio of 1.36.

Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Friday, July 26th. The transportation company reported $3.83 EPS 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 firm had revenue of $823.24 million for the quarter, compared to analyst estimates of $821.60 million. Research analysts predict that Saia will post 13.92 earnings per share for the current fiscal year.

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.