Brokerages Set Saia, Inc. (NASDAQ:SAIA) PT at $340.28

Saia, Inc. (NASDAQ:SAIA) has received a consensus rating of “Moderate Buy” from the twenty-two analysts that are presently covering the stock, MarketBeat.com reports. Eleven investment analysts have rated the stock with a hold recommendation, ten have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $340.2778.

A number of equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. reduced their price target on shares of Saia from $374.00 to $360.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 8th. Wells Fargo & Company reduced their price target on shares of Saia from $365.00 to $330.00 and set an “equal weight” rating on the stock in a research report on Monday, October 6th. Stifel Nicolaus reissued a “hold” rating and set a $306.00 price target (up from $277.00) on shares of Saia in a research report on Thursday, July 24th. Barclays upped their price target on shares of Saia from $315.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, July 28th. Finally, Susquehanna upgraded shares of Saia from a “neutral” rating to a “positive” rating and upped their price target for the company from $340.00 to $360.00 in a report on Wednesday, September 10th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC boosted its holdings in Saia by 139.9% during the third quarter. SG Americas Securities LLC now owns 4,836 shares of the transportation company’s stock worth $1,448,000 after purchasing an additional 2,820 shares during the last quarter. Park Avenue Securities LLC raised its position in shares of Saia by 6.1% in the third quarter. Park Avenue Securities LLC now owns 2,323 shares of the transportation company’s stock valued at $695,000 after purchasing an additional 133 shares during the period. KLP Kapitalforvaltning AS raised its position in shares of Saia by 3.6% in the third quarter. KLP Kapitalforvaltning AS now owns 5,800 shares of the transportation company’s stock valued at $1,736,000 after purchasing an additional 200 shares during the period. Gateway Investment Advisers LLC increased its position in Saia by 700.0% during the third quarter. Gateway Investment Advisers LLC now owns 6,616 shares of the transportation company’s stock worth $1,981,000 after acquiring an additional 5,789 shares during the period. Finally, Global Retirement Partners LLC increased its position in Saia by 7.0% during the third quarter. Global Retirement Partners LLC now owns 1,766 shares of the transportation company’s stock worth $529,000 after acquiring an additional 116 shares during the period.

Saia Trading Down 0.3%

SAIA opened at $289.32 on Friday. Saia has a fifty-two week low of $229.12 and a fifty-two week high of $624.55. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.49 and a quick ratio of 1.49. The company has a market cap of $7.71 billion, a price-to-earnings ratio of 26.71, a price-to-earnings-growth ratio of 13.47 and a beta of 2.00. The firm has a 50 day simple moving average of $303.75 and a 200 day simple moving average of $292.14.

Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Friday, July 25th. The transportation company reported $2.67 earnings per share for the quarter, topping analysts’ consensus estimates of $2.39 by $0.28. The company had revenue of $817.12 million for the quarter, compared to analysts’ expectations of $826.59 million. Saia had a net margin of 8.96% and a return on equity of 12.42%. The business’s quarterly revenue was down .7% compared to the same quarter last year. During the same period last year, the firm posted $3.83 earnings per share. On average, sell-side analysts anticipate that Saia will post 15.46 earnings per share for the current year.

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.