Saia (NASDAQ:SAIA) Given New $315.00 Price Target at Barclays

Saia (NASDAQ:SAIA - Get Free Report) had its target price boosted by Barclays from $290.00 to $315.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an "overweight" rating on the transportation company's stock. Barclays's price target points to a potential upside of 1.11% from the stock's previous close.

SAIA has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft downgraded shares of Saia from a "buy" rating to a "hold" rating and set a $273.00 price target on the stock. in a research note on Thursday, May 1st. Wells Fargo & Company boosted their price target on shares of Saia from $260.00 to $290.00 and gave the stock an "equal weight" rating in a report on Monday. Wolfe Research upgraded shares of Saia from a "hold" rating to a "strong-buy" rating in a report on Sunday, June 8th. Morgan Stanley set a $250.00 target price on shares of Saia in a report on Friday, April 25th. Finally, JPMorgan Chase & Co. upped their target price on shares of Saia from $285.00 to $295.00 and gave the company an "overweight" rating in a report on Tuesday. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $338.26.

Saia Price Performance

SAIA traded up $9.88 on Thursday, reaching $311.54. 269,005 shares of the company's stock were exchanged, compared to its average volume of 647,636. The stock has a market cap of $8.30 billion, a PE ratio of 26.01, a P/E/G ratio of 7.77 and a beta of 1.98. Saia has a twelve month low of $229.12 and a twelve month high of $624.55. The stock's fifty day moving average price is $270.55 and its 200-day moving average price is $362.30. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.43 and a quick ratio of 1.43.

Saia (NASDAQ:SAIA - Get Free Report) last issued 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 analysts' expectations of $806.18 million. During the same period last year, the firm earned $3.38 earnings per share. Saia's revenue for the quarter was up 4.3% on a year-over-year basis. Sell-side analysts expect that Saia will post 15.46 EPS for the current year.

Hedge Funds Weigh In On Saia

A number of large investors have recently made changes to their positions in SAIA. Alliancebernstein L.P. increased its holdings in shares of Saia by 69.3% in the 4th quarter. Alliancebernstein L.P. now owns 1,939,615 shares of the transportation company's stock valued at $883,941,000 after purchasing an additional 794,197 shares in the last quarter. Balyasny Asset Management L.P. increased its holdings in shares of Saia by 24,815.0% in the 4th quarter. Balyasny Asset Management L.P. now owns 372,728 shares of the transportation company's stock valued at $169,863,000 after purchasing an additional 371,232 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its stake in Saia by 35.4% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,206,837 shares of the transportation company's stock valued at $421,705,000 after acquiring an additional 315,514 shares during the last quarter. Select Equity Group L.P. acquired a new stake in Saia in the 4th quarter valued at about $137,199,000. Finally, Price T Rowe Associates Inc. MD grew its stake in Saia by 11.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,831,614 shares of the transportation company's stock valued at $989,452,000 after acquiring an additional 288,746 shares during 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.

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