Saia (NASDAQ:SAIA) Upgraded at Barclays

Barclays upgraded shares of Saia (NASDAQ:SAIA - Free Report) from a hold rating to a strong-buy rating in a research report sent to investors on Thursday morning, Marketbeat Ratings reports. They currently have $315.00 price objective on the transportation company's stock, up from their prior price objective of $290.00.

Several other research firms have also recently issued reports on SAIA. The Goldman Sachs Group raised 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 report on Monday, June 2nd. UBS Group cut their price target on shares of Saia from $422.00 to $305.00 and set a "buy" rating on the stock in a report on Monday, April 28th. Stifel Nicolaus set a $277.00 price target on shares of Saia in a report on Monday, April 28th. Stephens cut shares of Saia from an "overweight" rating to an "equal weight" rating and cut their price target for the company from $515.00 to $255.00 in a report on Tuesday, April 29th. Finally, Evercore ISI cut their price target on shares of Saia from $415.00 to $298.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $338.26.

Saia Stock Down 1.1%

Shares of NASDAQ SAIA traded down $3.50 during trading on Thursday, reaching $303.28. 392,720 shares of the stock were exchanged, compared to its average volume of 530,558. The business's 50-day moving average price is $272.71 and its 200 day moving average price is $358.40. Saia has a twelve month low of $229.12 and a twelve month 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 $8.08 billion, a price-to-earnings ratio of 25.29, a price-to-earnings-growth ratio of 10.47 and a beta of 1.98.

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 analysts' consensus estimates of $2.77 by ($0.91). Saia had a return on equity of 14.21% and a net margin of 9.91%. The firm had revenue of $787.58 million for the quarter, compared to analyst estimates of $806.18 million. During the same period in the previous year, the firm posted $3.38 earnings per share. The company's revenue for the quarter was up 4.3% on a year-over-year basis. As a group, equities analysts forecast that Saia will post 15.46 EPS for the current fiscal year.

Hedge Funds Weigh In On Saia

Institutional investors have recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Saia by 172.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company's stock worth $28,000 after acquiring an additional 38 shares during the last quarter. Atala Financial Inc bought a new position in Saia in the 4th quarter valued at about $36,000. Golden State Wealth Management LLC grew its position in Saia by 127.0% in the 1st quarter. Golden State Wealth Management LLC now owns 84 shares of the transportation company's stock valued at $29,000 after buying an additional 47 shares in the last quarter. Huntington National Bank grew its position in Saia by 291.7% in the 4th quarter. Huntington National Bank now owns 94 shares of the transportation company's stock valued at $43,000 after buying an additional 70 shares in the last quarter. Finally, NBC Securities Inc. bought a new position in Saia in the 1st quarter valued at about $43,000.

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.