Analysts Set Saia, Inc. (NASDAQ:SAIA) Price Target at $333.84

Shares of Saia, Inc. (NASDAQ:SAIA - Get Free Report) have received an average rating of "Moderate Buy" from the twenty analysts that are currently covering the company, MarketBeat reports. Ten analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $333.84.

A number of equities research analysts have recently weighed in on SAIA shares. UBS Group lowered their target price on Saia from $422.00 to $305.00 and set a "buy" rating for the company in a research note on Monday, April 28th. Wells Fargo & Company lowered their price objective on Saia from $400.00 to $260.00 and set an "equal weight" rating for the company in a research report on Monday, April 28th. Raymond James Financial set a $310.00 price objective on Saia and gave the company an "outperform" rating in a research note on Monday, April 28th. Barclays cut shares of Saia from an "overweight" rating to an "equal weight" rating in a report on Tuesday, April 29th. Finally, Morgan Stanley set a $250.00 price target on shares of Saia in a report on Friday, April 25th.

Saia Trading Down 1.8%

Shares of SAIA traded down $5.09 during mid-day trading on Friday, reaching $270.09. The company's stock had a trading volume of 681,734 shares, compared to its average volume of 521,617. Saia has a 52 week low of $229.12 and a 52 week high of $624.55. The stock has a market cap of $7.19 billion, a PE ratio of 22.53, a P/E/G ratio of 7.02 and a beta of 2.00. The company's fifty day moving average price is $273.77 and its two-hundred day moving average price is $378.83. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.12.

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

Institutional Investors Weigh In On Saia

Hedge funds have recently made changes to their positions in the company. Interval Partners LP purchased a new position in Saia during the fourth quarter valued at $89,229,000. Driehaus Capital Management LLC increased its stake in shares of Saia by 9.0% in the 4th quarter. Driehaus Capital Management LLC now owns 75,726 shares of the transportation company's stock worth $34,511,000 after acquiring an additional 6,274 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Saia during the 4th quarter valued at about $3,363,000. Charles Schwab Investment Management Inc. boosted its stake in Saia by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 226,137 shares of the transportation company's stock worth $103,057,000 after acquiring an additional 4,972 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Saia by 13.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,804 shares of the transportation company's stock worth $3,101,000 after acquiring an additional 788 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.