Saia (NASDAQ:SAIA – Get Free Report) had its target price boosted by investment analysts at Susquehanna from $465.00 to $470.00 in a report released on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the transportation company’s stock. Susquehanna’s price objective suggests a potential upside of 8.78% from the stock’s current price.
SAIA has been the subject of several other research reports. TD Cowen upped their price target on shares of Saia from $367.00 to $445.00 and gave the stock a “hold” rating in a research report on Friday, May 1st. Jefferies Financial Group lifted their price target on Saia from $500.00 to $550.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Morgan Stanley raised their price objective on Saia from $265.00 to $295.00 and gave the company an “underweight” rating in a report on Monday, July 6th. Bank of America upgraded shares of Saia from a “neutral” rating to a “buy” rating and increased their target price for the company from $499.00 to $502.00 in a research report on Monday. Finally, Citigroup raised shares of Saia from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $524.00 to $488.00 in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $462.72.
Check Out Our Latest Analysis on SAIA
Saia Trading Up 2.7%
Saia (NASDAQ:SAIA – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $0.04. The firm had revenue of $806.23 million for the quarter, compared to analysts’ expectations of $789.08 million. Saia had a net margin of 7.84% and a return on equity of 9.60%. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.86 EPS. On average, equities research analysts forecast that Saia will post 11.45 earnings per share for the current fiscal year.
Institutional Trading of Saia
A number of institutional investors and hedge funds have recently added to or reduced their stakes in SAIA. Quarry LP boosted its holdings in Saia by 8,400.0% during the 4th quarter. Quarry LP now owns 85 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 84 shares during the period. Los Angeles Capital Management LLC acquired a new position in Saia during the 4th quarter worth $36,000. Torren Management LLC purchased a new position in shares of Saia in the 4th quarter valued at about $40,000. Allworth Financial LP raised its holdings in Saia by 69.0% in the third quarter. Allworth Financial LP now owns 142 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 58 shares in the last quarter. Finally, Larson Financial Group LLC increased its position in shares of Saia by 1,612.5% in the 4th quarter. Larson Financial Group LLC now owns 137 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 129 shares during the last quarter.
Saia Company Profile
Saia, Inc is a publicly traded transportation company specializing in less-than-truckload (LTL) freight services across North America. Headquartered in Johns Creek, Georgia, the company focuses on the efficient movement of time-sensitive freight for a diverse customer base that spans retail, manufacturing, automotive, and healthcare industries. By leveraging a network of terminals and service centers, Saia provides tailored solutions designed to optimize supply chain performance.
The company’s core offerings include regional, interregional, and national LTL shipping, supported by volumetric LTL and port intermodal services.
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