Saia (NASDAQ:SAIA) Price Target Raised to $340.00 at Susquehanna

Key Points

• Susquehanna raised its price target for Saia stock from $275.00 to $340.00, indicating a potential upside of 1.92% from the previous close, while maintaining a "neutral" rating.
• Analysts' ratings on Saia vary significantly, with one sell rating, ten holds, nine buys, and one strong buy; the consensus rating is "Hold" with an average target price of $337.95.
• Saia recently reported a quarterly EPS of $2.67, exceeding expectations by $0.28, but experienced a slight revenue decline of 0.7% compared to the same period last year.

Saia (NASDAQ:SAIA - Get Free Report) had its target price lifted by Susquehanna from $275.00 to $340.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a "neutral" rating on the transportation company's stock. Susquehanna's price objective would indicate a potential upside of 12.85% from the stock's current price.

Several other equities analysts also recently commented on SAIA. Bank of America upped their price objective on Saia from $251.00 to $300.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Evercore ISI dropped their price target on Saia from $415.00 to $298.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Stifel Nicolaus reissued a "hold" rating and set a $306.00 price target (up previously from $277.00) on shares of Saia in a research report on Thursday, July 24th. The Goldman Sachs Group raised Saia from a "neutral" rating to a "buy" rating and increased their price target for the stock from $387.00 to $410.00 in a research report on Monday, June 2nd. Finally, Wall Street Zen raised Saia to a "sell" rating in a research report on Tuesday, May 13th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $347.16.

Saia Price Performance

Shares of SAIA traded down $1.39 during mid-day trading on Monday, hitting $301.29. 277,952 shares of the stock were exchanged, compared to its average volume of 663,705. The company has a market cap of $8.03 billion, a PE ratio of 27.80, a price-to-earnings-growth ratio of 14.54 and a beta of 1.98. Saia has a 52-week low of $229.12 and a 52-week high of $624.55. The firm has a 50-day moving average of $279.61 and a two-hundred day moving average of $346.20. 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 released its earnings results on Friday, July 25th. The transportation company reported $2.67 earnings per share for the quarter, beating the consensus estimate of $2.39 by $0.28. The firm had revenue of $817.12 million for the quarter, compared to the consensus estimate of $826.59 million. Saia had a return on equity of 12.42% and a net margin of 8.96%. The company's revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.83 EPS. On average, equities analysts predict that Saia will post 15.46 earnings per share for the current year.

Hedge Funds Weigh In On Saia

A number of institutional investors have recently added to or reduced their stakes in SAIA. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in 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. Golden State Wealth Management LLC raised its position in 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. AlphaQuest LLC purchased a new stake in Saia in the second quarter valued at $41,000. Huntington National Bank raised its position in 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, NBC Securities Inc. acquired a new stake in shares of Saia in the first quarter valued at $43,000.

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.