Saia (NASDAQ:SAIA) Price Target Raised to $360.00 at Benchmark

Key Points

• Benchmark raised Saia's price target from $325.00 to $360.00, indicating a potential upside of 7.91% from its previous close, and maintaining a "buy" rating on the stock.
• Other analysts’ price targets for Saia vary widely, with Raymond James setting it at $310.00, while Stephens notably cut theirs from $515.00 to $255.00, reflecting differing outlooks on the company's performance.
• Saia's recent quarterly earnings showed EPS of $2.67, beating consensus estimates, although revenue declined by 0.7% year-over-year.

Saia (NASDAQ:SAIA - Get Free Report) had its price target lifted by Benchmark from $325.00 to $360.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a "buy" rating on the transportation company's stock. Benchmark's price target would suggest a potential upside of 7.91% from the stock's previous close.

Other research analysts have also issued reports about the stock. Raymond James Financial set a $310.00 target price on shares of Saia and gave the stock an "outperform" rating in a research report on Monday, April 28th. Stephens lowered 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 research report on Tuesday, April 29th. Morgan Stanley set a $250.00 price target on shares of Saia in a research report on Friday, April 25th. Wells Fargo & Company upped their price target on shares of Saia from $260.00 to $290.00 and gave the company an "equal weight" rating in a research report on Monday, July 7th. Finally, UBS Group lowered their price objective on shares of Saia from $422.00 to $305.00 and set a "buy" rating for the company in a research note on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $334.11.

Saia Stock Up 7.0%

Shares of NASDAQ SAIA opened at $333.61 on Monday. The business has a 50-day simple moving average of $278.02 and a two-hundred day simple moving average of $347.31. Saia has a 52 week low of $229.12 and a 52 week high of $624.55. The company has a market cap of $8.89 billion, a P/E ratio of 30.80, a P/E/G ratio of 11.56 and a beta of 1.98. The company has a quick ratio of 1.43, a current ratio of 1.49 and a debt-to-equity ratio of 0.13.

Saia (NASDAQ:SAIA - Get Free Report) last issued its quarterly earnings data on Friday, July 25th. The transportation company reported $2.67 EPS for the quarter, beating the consensus estimate of $2.39 by $0.28. The company had revenue of $817.12 million during the quarter, compared to analysts' expectations of $826.59 million. Saia had a net margin of 8.96% and a return on equity of 12.42%. Saia's revenue for the quarter was down .7% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.83 earnings per share. Research analysts anticipate that Saia will post 15.46 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD lifted 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 worth $989,452,000 after purchasing an additional 288,746 shares in the last quarter. Alliancebernstein L.P. lifted its stake in Saia by 17.3% in the 1st quarter. Alliancebernstein L.P. now owns 2,275,661 shares of the transportation company's stock worth $795,184,000 after purchasing an additional 336,046 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted 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 worth $421,705,000 after purchasing an additional 315,514 shares in the last quarter. Select Equity Group L.P. lifted its stake in Saia by 59.6% in the 1st quarter. Select Equity Group L.P. now owns 480,498 shares of the transportation company's stock worth $167,900,000 after purchasing an additional 179,444 shares in the last quarter. Finally, Voya Investment Management LLC lifted its stake in Saia by 12.5% in the 1st quarter. Voya Investment Management LLC now owns 421,172 shares of the transportation company's stock worth $147,020,000 after purchasing an additional 46,770 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.

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