Stephens Boosts Saia (NASDAQ:SAIA) Price Target to $300.00

Saia (NASDAQ:SAIA) had its target price upped by Stephens from $274.00 to $300.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the transportation company’s stock. Stephens’ price target suggests a potential downside of 0.89% from the stock’s current price.

Other research analysts have also recently issued reports about the company. Bank of America lifted their price target on Saia from $251.00 to $300.00 and gave the company a “neutral” rating in a research report on Friday, May 16th. Stifel Nicolaus reissued a “hold” rating and issued a $306.00 price objective (up from $277.00) on shares of Saia in a report on Thursday, July 24th. JPMorgan Chase & Co. raised their price objective on Saia from $295.00 to $380.00 and gave the company an “overweight” rating in a report on Monday. The Goldman Sachs Group raised Saia from a “neutral” rating to a “buy” rating and raised their price objective for the company from $387.00 to $410.00 in a report on Monday, June 2nd. Finally, Wolfe Research raised Saia from a “hold” rating to a “strong-buy” rating in a report on Sunday, June 8th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $347.16.

Saia Stock Down 4.0%

Shares of SAIA stock opened at $302.68 on Tuesday. The stock has a 50 day moving average of $279.61 and a 200 day moving average of $346.20. The company has a current ratio of 1.49, a quick ratio of 1.43 and a debt-to-equity ratio of 0.13. The stock has a market cap of $8.06 billion, a P/E ratio of 27.95, a P/E/G ratio of 14.54 and a beta of 1.98. Saia has a twelve month low of $229.12 and a twelve month high of $624.55.

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, beating the consensus estimate of $2.39 by $0.28. The company had revenue of $817.12 million during the quarter, compared to analysts’ expectations of $826.59 million. Saia had a return on equity of 12.42% and a net margin of 8.96%. Saia’s quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the business earned $3.83 earnings per share. As a group, sell-side analysts expect that Saia will post 15.46 EPS for the current year.

Hedge Funds Weigh In On Saia

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Stephens Investment Management Group LLC boosted its stake in Saia by 4.3% during the second quarter. Stephens Investment Management Group LLC now owns 113,791 shares of the transportation company’s stock worth $31,178,000 after buying an additional 4,695 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its stake in Saia by 46.2% during the second quarter. DekaBank Deutsche Girozentrale now owns 721 shares of the transportation company’s stock worth $200,000 after buying an additional 228 shares during the last quarter. Mutual of America Capital Management LLC boosted its stake in Saia by 9.7% during the second quarter. Mutual of America Capital Management LLC now owns 23,124 shares of the transportation company’s stock worth $6,336,000 after buying an additional 2,039 shares during the last quarter. WCM Investment Management LLC boosted its stake in Saia by 66.8% during the second quarter. WCM Investment Management LLC now owns 70,372 shares of the transportation company’s stock worth $19,511,000 after buying an additional 28,177 shares during the last quarter. Finally, Bridges Investment Management Inc. boosted its stake in Saia by 15.8% during the second quarter. Bridges Investment Management Inc. now owns 4,725 shares of the transportation company’s stock worth $1,295,000 after buying an additional 644 shares during the last quarter.

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.