Saia, Inc. (NASDAQ:SAIA) Receives $338.26 Average Price Target from Analysts

Saia, Inc. (NASDAQ:SAIA - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the twenty analysts that are covering the firm, Marketbeat Ratings reports. Nine research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $338.26.

SAIA has been the topic of a number of research analyst reports. Bank of America boosted their target price on shares of Saia from $251.00 to $300.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Deutsche Bank Aktiengesellschaft cut shares of Saia from a "buy" rating to a "hold" rating and set a $273.00 target price on the stock. in a research note on Thursday, May 1st. Stifel Nicolaus set a $277.00 target price on shares of Saia in a research note on Monday, April 28th. Wolfe Research upgraded shares of Saia from a "hold" rating to a "strong-buy" rating in a research note on Sunday, June 8th. Finally, The Goldman Sachs Group upgraded shares of Saia from a "neutral" rating to a "buy" rating and upped their price target for the company from $387.00 to $410.00 in a research note on Monday, June 2nd.

Institutional Trading of Saia

Hedge funds have recently bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Saia by 172.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company's stock worth $28,000 after buying an additional 38 shares during the last quarter. Golden State Wealth Management LLC lifted its holdings in Saia by 127.0% in the first quarter. Golden State Wealth Management LLC now owns 84 shares of the transportation company's stock valued at $29,000 after acquiring an additional 47 shares during the last quarter. Huntington National Bank lifted its holdings in Saia by 291.7% in the fourth quarter. Huntington National Bank now owns 94 shares of the transportation company's stock valued at $43,000 after acquiring an additional 70 shares during the last quarter. NBC Securities Inc. acquired a new position in Saia in the first quarter valued at approximately $43,000. Finally, Brown Brothers Harriman & Co. acquired a new position in Saia in the fourth quarter valued at approximately $64,000.

Saia Stock Down 1.2%

SAIA traded down $3.55 during midday trading on Thursday, hitting $288.10. The company had a trading volume of 661,651 shares, compared to its average volume of 533,508. Saia has a 52 week low of $229.12 and a 52 week high of $624.55. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $7.67 billion, a price-to-earnings ratio of 24.03, a PEG ratio of 9.86 and a beta of 1.98. The stock's 50 day moving average price is $275.13 and its 200 day moving average price is $355.01.

Saia (NASDAQ:SAIA - Get Free Report) last posted its earnings results on Friday, April 25th. The transportation company reported $1.86 EPS for the quarter, missing the consensus estimate of $2.77 by ($0.91). The business had revenue of $787.58 million for the quarter, compared to the consensus estimate of $806.18 million. Saia had a return on equity of 14.21% and a net margin of 9.91%. The company's revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the firm earned $3.38 earnings per share. On average, research analysts anticipate that Saia will post 15.46 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.