Saia (NASDAQ:SAIA) Stock Price Expected to Rise, Citigroup Analyst Says

Saia (NASDAQ:SAIA - Get Free Report) had its price target boosted by analysts at Citigroup from $313.00 to $350.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a "buy" rating on the transportation company's stock. Citigroup's price objective points to a potential upside of 16.92% from the stock's previous close.

SAIA has been the subject of several other research reports. Barclays lowered shares of Saia from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, April 29th. Susquehanna dropped their price objective on shares of Saia from $540.00 to $410.00 and set a "neutral" rating on the stock in a report on Monday, March 31st. Jefferies Financial Group set a $335.00 price target on Saia and gave the company a "buy" rating in a research report on Tuesday, June 10th. Bank of America increased their price target on shares of Saia from $251.00 to $300.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Finally, Stephens lowered Saia from an "overweight" rating to an "equal weight" rating and lowered their price objective for the company from $515.00 to $255.00 in a research report on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $336.95.

Saia Stock Up 1.5%

SAIA traded up $4.47 during trading on Wednesday, reaching $299.36. The company had a trading volume of 245,276 shares, compared to its average volume of 527,411. The business's fifty day moving average price is $269.40 and its 200 day moving average price is $362.72. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.43 and a quick ratio of 1.43. The company has a market cap of $7.97 billion, a P/E ratio of 24.97, a PEG ratio of 7.53 and a beta of 1.98. Saia has a 12 month low of $229.12 and a 12 month high of $624.55.

Saia (NASDAQ:SAIA - Get Free Report) last announced 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 firm had revenue of $787.58 million for the quarter, compared to analyst estimates of $806.18 million. During the same quarter in the previous year, the company earned $3.38 earnings per share. The company's quarterly revenue was up 4.3% on a year-over-year basis. Equities analysts anticipate that Saia will post 15.46 EPS for the current year.

Institutional Investors Weigh In On Saia

A number of hedge funds have recently modified their holdings of SAIA. Price T Rowe Associates Inc. MD grew its holdings in Saia by 11.4% during 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 purchasing an additional 288,746 shares during the period. Vanguard Group Inc. grew its stake in Saia by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 2,522,938 shares of the transportation company's stock worth $1,149,779,000 after purchasing an additional 25,090 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of Saia by 17.3% in the first quarter. Alliancebernstein L.P. now owns 2,275,661 shares of the transportation company's stock valued at $795,184,000 after purchasing an additional 336,046 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Saia by 35.4% in the first 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 buying an additional 315,514 shares during the period. Finally, Select Equity Group L.P. grew its position in shares of Saia by 59.6% in the first quarter. Select Equity Group L.P. now owns 480,498 shares of the transportation company's stock valued at $167,900,000 after purchasing an additional 179,444 shares in 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.

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