Saia (NASDAQ:SAIA) Price Target Raised to $300.00 at Stephens

Key Points

• Stephens has raised its price target for Saia's stock from $274.00 to $300.00, suggesting a potential downside of 7.19% from the previous close.
• Multiple analysts have varying ratings on Saia, with a consensus rating of "Hold" and an average target price of $347.16.
• Saia's recent earnings report showed an EPS of $2.67, surpassing estimates, despite a 0.7% year-over-year revenue decline.

Saia (NASDAQ:SAIA - Free Report) had its target price hoisted by Stephens from $274.00 to $300.00 in a research note published on Tuesday,Benzinga reports. They currently have an equal weight rating on the transportation company's stock.

Several other analysts also recently issued reports on SAIA. Susquehanna upped their price target on shares of Saia from $275.00 to $340.00 and gave the company a "neutral" rating in a report on Monday, July 28th. BMO Capital Markets downgraded shares of Saia from an "outperform" rating to a "market perform" rating and reduced their price target for the company from $455.00 to $285.00 in a report on Friday, April 25th. Benchmark upped their price target on shares of Saia from $325.00 to $360.00 and gave the company a "buy" rating in a report on Monday, July 28th. Stifel Nicolaus reissued a "hold" rating and issued a $306.00 price objective (up previously from $277.00) on shares of Saia in a research report on Thursday, July 24th. Finally, Evercore ISI boosted their price objective on shares of Saia from $297.00 to $345.00 and gave the company an "outperform" rating in a research report on Monday, July 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $347.16.

Saia Price Performance

SAIA stock traded down $9.15 during trading on Tuesday, reaching $293.09. 599,252 shares of the company were exchanged, compared to its average volume of 709,307. The company has a market cap of $7.81 billion, a P/E ratio of 27.06, a PEG ratio of 13.94 and a beta of 1.99. Saia has a 52-week low of $229.12 and a 52-week high of $624.55. The stock's 50 day moving average price is $281.54 and its 200 day moving average price is $343.57. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.43 and a current ratio of 1.49.

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

Institutional Investors Weigh In On Saia

Several large investors have recently made changes to their positions in the business. Y Intercept Hong Kong Ltd increased its position in shares of Saia by 1,518.8% in the second quarter. Y Intercept Hong Kong Ltd now owns 17,370 shares of the transportation company's stock worth $4,759,000 after acquiring an additional 16,297 shares in the last quarter. Bessemer Group Inc. increased its position in shares of Saia by 8.6% in the second quarter. Bessemer Group Inc. now owns 414,596 shares of the transportation company's stock worth $113,595,000 after acquiring an additional 32,683 shares in the last quarter. MQS Management LLC acquired a new stake in shares of Saia in the second quarter worth $202,000. State of New Jersey Common Pension Fund D increased its position in shares of Saia by 2.2% in the second quarter. State of New Jersey Common Pension Fund D now owns 9,369 shares of the transportation company's stock worth $2,567,000 after acquiring an additional 198 shares in the last quarter. Finally, AlphaQuest LLC acquired a new stake in shares of Saia in the second quarter worth $41,000.

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.