Saia’s (SAIA) “Hold” Rating Reiterated at Stifel Nicolaus

Saia (NASDAQ:SAIA)‘s stock had its “hold” rating reiterated by investment analysts at Stifel Nicolaus in a report issued on Thursday, MarketBeat reports. They currently have a $306.00 target price on the transportation company’s stock, up from their prior target price of $277.00. Stifel Nicolaus’ price objective indicates a potential downside of 0.64% from the company’s previous close.

Other equities analysts have also recently issued reports about the stock. Citigroup raised their price target on shares of Saia from $313.00 to $350.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. Morgan Stanley set a $250.00 price target on shares of Saia in a research note on Friday, April 25th. Jefferies Financial Group set a $335.00 price target on shares of Saia and gave the stock a “buy” rating in a research note on Tuesday, June 10th. Wall Street Zen raised shares of Saia to a “sell” rating in a research note on Tuesday, May 13th. Finally, JPMorgan Chase & Co. raised their target price on shares of Saia from $285.00 to $295.00 and gave the company an “overweight” rating in a research note on Tuesday, July 8th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Saia currently has a consensus rating of “Hold” and a consensus price target of $339.79.

Saia Trading Down 1.0%

Saia stock traded down $3.02 during trading hours on Thursday, reaching $307.96. 290,090 shares of the company’s stock traded hands, compared to its average volume of 645,154. The firm has a market capitalization of $8.20 billion, a price-to-earnings ratio of 25.76, a PEG ratio of 10.50 and a beta of 1.98. The firm’s 50 day moving average is $276.41 and its 200-day moving average is $350.66. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.43 and a current ratio of 1.43. Saia has a fifty-two week low of $229.12 and a fifty-two week high of $624.55.

Saia (NASDAQ:SAIA) last posted its earnings results 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 business had revenue of $787.58 million for the quarter, compared to the consensus estimate of $806.18 million. During the same period in the previous year, the company posted $3.38 earnings per share. Saia’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, analysts predict that Saia will post 15.46 earnings per share for the current year.

Hedge Funds Weigh In On Saia

A number of large investors have recently bought and sold shares of SAIA. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Saia by 172.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company’s stock valued at $28,000 after buying an additional 38 shares during the period. Golden State Wealth Management LLC boosted its position in shares of Saia by 127.0% during 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 in the last quarter. Huntington National Bank boosted its position in shares of Saia by 291.7% during 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 in the last quarter. NBC Securities Inc. bought a new stake in shares of Saia during the first quarter valued at approximately $43,000. Finally, Brown Brothers Harriman & Co. bought a new stake in shares of Saia during the fourth quarter valued at approximately $64,000.

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.