Saia (NASDAQ:SAIA) Stock Price Expected to Rise, Barclays Analyst Says

Saia (NASDAQ:SAIA) had its price objective hoisted by Barclays from $515.00 to $620.00 in a report released on Wednesday morning,Benzinga reports. The brokerage currently has an overweight rating on the transportation company’s stock.

Other equities research analysts have also recently issued reports about the stock. Benchmark reiterated a “buy” rating and issued a $480.00 price target on shares of Saia in a research report on Thursday, September 19th. Stifel Nicolaus downgraded shares of Saia from a “buy” rating to a “hold” rating and dropped their target price for the stock from $440.00 to $437.00 in a report on Monday, October 21st. JPMorgan Chase & Co. increased their target price on shares of Saia from $479.00 to $481.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. Citigroup upped their price target on Saia from $534.00 to $651.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Finally, BMO Capital Markets increased their price objective on Saia from $465.00 to $495.00 and gave the company a “market perform” rating in a research report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat, Saia presently has a consensus rating of “Moderate Buy” and a consensus target price of $506.00.

Saia Stock Down 3.7 %

SAIA stock opened at $522.37 on Wednesday. The firm’s 50-day moving average is $461.16 and its two-hundred day moving average is $435.74. The company has a market capitalization of $13.89 billion, a price-to-earnings ratio of 37.31, a price-to-earnings-growth ratio of 2.88 and a beta of 1.73. Saia has a 52 week low of $358.90 and a 52 week high of $628.34. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08.

Saia (NASDAQ:SAIA) last released its earnings results on Friday, October 25th. The transportation company reported $3.46 earnings per share for the quarter, missing analysts’ consensus estimates of $3.53 by ($0.07). Saia had a return on equity of 18.00% and a net margin of 11.83%. The firm had revenue of $842.10 million during the quarter, compared to analyst estimates of $839.82 million. During the same quarter last year, the company earned $3.67 earnings per share. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, analysts forecast that Saia will post 13.54 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Saia

Institutional investors have recently modified their holdings of the stock. Capital Research Global Investors increased its stake in shares of Saia by 16.2% in the first quarter. Capital Research Global Investors now owns 1,069,332 shares of the transportation company’s stock worth $625,559,000 after acquiring an additional 149,074 shares during the last quarter. American Century Companies Inc. grew its stake in Saia by 347.3% in the second quarter. American Century Companies Inc. now owns 159,853 shares of the transportation company’s stock valued at $75,817,000 after purchasing an additional 124,117 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in Saia by 64.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 250,626 shares of the transportation company’s stock worth $109,589,000 after purchasing an additional 98,383 shares during the last quarter. Wasatch Advisors LP raised its stake in shares of Saia by 10.2% during the 3rd quarter. Wasatch Advisors LP now owns 692,405 shares of the transportation company’s stock worth $302,761,000 after purchasing an additional 64,351 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new stake in shares of Saia during the 3rd quarter valued at about $22,979,000.

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.