Barclays Forecasts Strong Price Appreciation for Saia (NASDAQ:SAIA) Stock

Saia (NASDAQ:SAIA - Free Report) had its price target lifted by Barclays from $290.00 to $315.00 in a research note published on Thursday,Benzinga reports. Barclays currently has an overweight rating on the transportation company's stock.

A number of other research analysts have also recently commented on SAIA. The Goldman Sachs Group raised Saia from a "neutral" rating to a "buy" rating and increased their target price for the company from $387.00 to $410.00 in a research note on Monday, June 2nd. Evercore ISI reduced their target price on Saia from $415.00 to $298.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. UBS Group reduced their target price on Saia from $422.00 to $305.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. Susquehanna reduced their target price on Saia from $540.00 to $410.00 and set a "neutral" rating on the stock in a research note on Monday, March 31st. Finally, Wall Street Zen raised Saia to a "sell" rating in a research note on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $338.26.

Saia Price Performance

Shares of SAIA stock traded up $5.12 on Thursday, reaching $306.78. The company's stock had a trading volume of 703,729 shares, compared to its average volume of 529,312. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.12. Saia has a 12-month low of $229.12 and a 12-month high of $624.55. The company has a market capitalization of $8.17 billion, a P/E ratio of 25.59, a PEG ratio of 7.98 and a beta of 1.98. The stock's 50 day simple moving average is $271.89 and its 200-day simple moving average is $361.21.

Saia (NASDAQ:SAIA - Get Free Report) last issued its quarterly earnings data on Friday, April 25th. The transportation company reported $1.86 earnings per share (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 business had revenue of $787.58 million during the quarter, compared to analysts' expectations of $806.18 million. During the same quarter last year, the business posted $3.38 EPS. The company's quarterly revenue was up 4.3% on a year-over-year basis. As a group, equities analysts predict that Saia will post 15.46 earnings per share for the current fiscal year.

Institutional Trading of Saia

Several large investors have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Saia in the second quarter worth about $260,000. Thrive Wealth Management LLC lifted its holdings in Saia by 26.3% in the second quarter. Thrive Wealth Management LLC now owns 734 shares of the transportation company's stock worth $201,000 after buying an additional 153 shares during the period. Gradient Investments LLC lifted its holdings in Saia by 16.1% in the second quarter. Gradient Investments LLC now owns 4,769 shares of the transportation company's stock worth $1,307,000 after buying an additional 663 shares during the period. Voya Investment Management LLC lifted its holdings in Saia by 12.5% in the first quarter. Voya Investment Management LLC now owns 421,172 shares of the transportation company's stock worth $147,020,000 after buying an additional 46,770 shares during the period. Finally, First Hawaiian Bank lifted its holdings in Saia by 2.5% in the first quarter. First Hawaiian Bank now owns 4,248 shares of the transportation company's stock worth $1,484,000 after buying an additional 104 shares during the period.

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.