Saia's (SAIA) Hold Rating Reaffirmed at Stifel Nicolaus

Stifel Nicolaus reiterated their hold rating on shares of Saia (NASDAQ:SAIA - Free Report) in a report released on Thursday morning, Marketbeat Ratings reports. They currently have a $306.00 target price on the transportation company's stock, up from their previous target price of $277.00.

Several other brokerages also recently weighed in on SAIA. Raymond James Financial set a $310.00 price objective on shares of Saia and gave the stock an "outperform" rating in a research report on Monday, April 28th. The Goldman Sachs Group upgraded shares of Saia from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $387.00 to $410.00 in a research report on Monday, June 2nd. Morgan Stanley set a $250.00 price objective on shares of Saia in a research report on Friday, April 25th. Evercore ISI reduced their price objective on shares of Saia from $415.00 to $298.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Finally, Barclays restated an "overweight" rating on shares of Saia in a research report on Thursday, July 10th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $344.79.

Saia Stock Down 3.1%

Shares of SAIA stock traded down $10.38 during trading on Thursday, reaching $323.23. The company's stock had a trading volume of 969,046 shares, compared to its average volume of 664,678. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.49 and a quick ratio of 1.43. Saia has a 1-year low of $229.12 and a 1-year high of $624.55. The company has a market capitalization of $8.61 billion, a price-to-earnings ratio of 29.85, a P/E/G ratio of 11.56 and a beta of 1.98. The stock's 50-day moving average price is $278.02 and its 200 day moving average price is $347.31.

Saia (NASDAQ:SAIA - Get Free Report) last posted its quarterly earnings results on Friday, July 25th. The transportation company reported $2.67 EPS for the quarter, topping 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 during the quarter, compared to analysts' expectations of $826.59 million. During the same quarter in the previous year, the business posted $3.83 EPS. The firm's revenue was down .7% on a year-over-year basis. On average, research analysts anticipate that Saia will post 15.46 EPS for the current year.

Hedge Funds Weigh In On Saia

A number of large investors have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its position in Saia by 11.4% during 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 buying an additional 288,746 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Saia by 1.0% during the 4th 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. grew its stake in shares of Saia by 17.3% during 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 during the period. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Saia by 35.4% during 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 during the period. Finally, Select Equity Group L.P. grew its stake in shares of Saia by 59.6% during 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 during the period.

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.