Saia (NASDAQ:SAIA) Shares Gap Up to $380.58

Saia, Inc. (NASDAQ:SAIA) gapped up before the market opened on Wednesday . The stock had previously closed at $380.58, but opened at $405.27. Saia shares last traded at $401.78, with a volume of 55,362 shares.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on SAIA shares. Susquehanna dropped their price objective on Saia from $610.00 to $550.00 and set a “positive” rating on the stock in a research note on Wednesday, June 12th. Stifel Nicolaus raised Saia from a “hold” rating to a “buy” rating and cut their target price for the company from $526.00 to $475.00 in a research report on Friday, May 24th. Wells Fargo & Company lowered their price target on Saia from $445.00 to $400.00 and set an “equal weight” rating for the company in a research report on Monday, July 29th. Evercore ISI upped their target price on shares of Saia from $523.00 to $566.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 25th. Finally, Raymond James lowered their target price on shares of Saia from $540.00 to $520.00 and set an “outperform” rating for the company in a report on Monday, June 24th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $488.87.

Saia Price Performance

The stock has a market cap of $10.97 billion, a P/E ratio of 29.17, a price-to-earnings-growth ratio of 1.81 and a beta of 1.74. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.08. The business’s 50-day simple moving average is $423.45 and its two-hundred day simple moving average is $473.77.

Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Friday, July 26th. The transportation company reported $3.83 earnings per share for the quarter, missing the consensus estimate of $4.00 by ($0.17). Saia had a net margin of 12.26% and a return on equity of 19.14%. The company had revenue of $823.24 million during the quarter, compared to analysts’ expectations of $821.60 million. Sell-side analysts expect that Saia, Inc. will post 13.88 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. AdvisorNet Financial Inc raised its holdings in shares of Saia by 5.7% in the 1st quarter. AdvisorNet Financial Inc now owns 387 shares of the transportation company’s stock valued at $226,000 after acquiring an additional 21 shares in the last quarter. Fifth Third Bancorp raised its stake in Saia by 10.5% in the second quarter. Fifth Third Bancorp now owns 232 shares of the transportation company’s stock valued at $110,000 after purchasing an additional 22 shares in the last quarter. LRI Investments LLC lifted its position in Saia by 6.6% during the second quarter. LRI Investments LLC now owns 386 shares of the transportation company’s stock valued at $183,000 after purchasing an additional 24 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in Saia by 3.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 723 shares of the transportation company’s stock worth $423,000 after buying an additional 27 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its stake in Saia by 1.0% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 2,977 shares of the transportation company’s stock worth $1,742,000 after buying an additional 30 shares in 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.