Saia (NASDAQ:SAIA) Upgraded by The Goldman Sachs Group to "Buy" Rating

Saia (NASDAQ:SAIA - Get Free Report) was upgraded by analysts at The Goldman Sachs Group from a "neutral" rating to a "buy" rating in a research report issued to clients and investors on Monday, Marketbeat Ratings reports. The brokerage presently has a $410.00 price target on the transportation company's stock, up from their prior price target of $387.00. The Goldman Sachs Group's price target indicates a potential upside of 58.72% from the stock's current price.

SAIA has been the subject of a number of other research reports. Wall Street Zen raised Saia to a "sell" rating in a research note on Tuesday, May 13th. Cowen reiterated a "hold" rating on shares of Saia in a research report on Tuesday, February 4th. Stifel Nicolaus set a $277.00 target price on Saia in a research report on Monday, April 28th. TD Cowen raised their target price on shares of Saia from $456.00 to $478.00 and gave the company a "hold" rating in a report on Tuesday, February 4th. Finally, BMO Capital Markets downgraded shares of Saia from an "outperform" rating to a "market perform" rating and decreased their price target for the company from $455.00 to $285.00 in a research note on Friday, April 25th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $340.16.

Saia Stock Performance

Shares of SAIA traded down $6.77 on Monday, reaching $258.31. The company's stock had a trading volume of 680,382 shares, compared to its average volume of 497,958. The stock's 50 day simple moving average is $296.58 and its two-hundred day simple moving average is $407.29. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.57 and a quick ratio of 1.26. The stock has a market capitalization of $6.88 billion, a P/E ratio of 19.12, a PEG ratio of 2.24 and a beta of 2.03. Saia has a 12-month low of $229.12 and a 12-month high of $624.55.

Saia (NASDAQ:SAIA - Get Free Report) last issued 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). The business had revenue of $787.58 million for the quarter, compared to analysts' expectations of $806.18 million. Saia had a return on equity of 16.63% and a net margin of 11.28%. The company's revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.38 EPS. Research analysts forecast that Saia will post 15.46 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Saia

Institutional investors have recently added to or reduced their stakes in the business. Alliancebernstein L.P. boosted 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 acquiring an additional 794,197 shares during the last quarter. Balyasny Asset Management L.P. grew its holdings in Saia by 24,815.0% in the fourth 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 during the period. Kayne Anderson Rudnick Investment Management LLC increased its holdings 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 acquiring an additional 315,514 shares in the last quarter. Select Equity Group L.P. acquired a new position in shares of Saia during the 4th quarter worth about $137,199,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Saia by 11.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,831,614 shares of the transportation company's stock worth $989,452,000 after acquiring an additional 288,746 shares during the last quarter.

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.