Saia (NASDAQ:SAIA) Price Target Raised to $295.00

Saia (NASDAQ:SAIA - Get Free Report) had its price target hoisted by research analysts at JPMorgan Chase & Co. from $285.00 to $295.00 in a report released on Tuesday,Benzinga reports. The firm currently has an "overweight" rating on the transportation company's stock. JPMorgan Chase & Co.'s price target would indicate a potential downside of 1.25% from the company's previous close.

A number of other research analysts have also recently weighed in on the stock. UBS Group cut their price objective on shares of Saia from $422.00 to $305.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. Barclays lowered Saia from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, April 29th. The Goldman Sachs Group raised Saia from a "neutral" rating to a "buy" rating and raised their price target for the stock from $387.00 to $410.00 in a research note on Monday, June 2nd. Susquehanna decreased their price target on Saia from $540.00 to $410.00 and set a "neutral" rating for the company in a research note on Monday, March 31st. Finally, Wolfe Research raised Saia from a "hold" rating to a "strong-buy" rating in a research note on Sunday, June 8th. 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 given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $335.21.

Saia Trading Up 1.3%

Shares of NASDAQ:SAIA traded up $3.86 during trading on Tuesday, hitting $298.75. The company had a trading volume of 215,907 shares, compared to its average volume of 649,166. The stock has a market cap of $7.96 billion, a price-to-earnings ratio of 24.92, a price-to-earnings-growth ratio of 7.53 and a beta of 1.98. Saia has a one year low of $229.12 and a one year high of $624.55. The company has a fifty day simple moving average of $269.40 and a two-hundred day simple moving average of $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.

Saia (NASDAQ:SAIA - Get Free Report) last posted its quarterly earnings data on Friday, April 25th. The transportation company reported $1.86 earnings per share for the quarter, missing analysts' consensus estimates of $2.77 by ($0.91). Saia had a net margin of 9.91% and a return on equity of 14.21%. The firm had revenue of $787.58 million for the quarter, compared to the consensus estimate of $806.18 million. During the same quarter last year, the firm earned $3.38 EPS. The company's revenue was up 4.3% on a year-over-year basis. As a group, equities analysts forecast that Saia will post 15.46 earnings per share for the current year.

Hedge Funds Weigh In On Saia

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Saia by 172.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company's stock valued at $28,000 after purchasing an additional 38 shares during the period. Atala Financial Inc acquired a new position in shares of Saia in the fourth quarter valued at about $36,000. Golden State Wealth Management LLC increased its holdings in shares of Saia by 127.0% in the first quarter. Golden State Wealth Management LLC now owns 84 shares of the transportation company's stock valued at $29,000 after purchasing an additional 47 shares during the period. Huntington National Bank increased its holdings in shares of Saia by 291.7% in the fourth quarter. Huntington National Bank now owns 94 shares of the transportation company's stock valued at $43,000 after purchasing an additional 70 shares during the period. Finally, Tortoise Investment Management LLC increased its holdings in shares of Saia by 76.6% in the fourth quarter. Tortoise Investment Management LLC now owns 113 shares of the transportation company's stock valued at $51,000 after purchasing an additional 49 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.