Saia (NASDAQ:SAIA) Price Target Cut to $488.00

Saia (NASDAQ:SAIA) had its price target decreased by analysts at Evercore ISI from $503.00 to $488.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the transportation company’s stock. Evercore ISI’s price target would indicate a potential upside of 13.98% from the company’s previous close.

SAIA has been the subject of a number of other reports. Susquehanna lifted their price target on shares of Saia from $550.00 to $585.00 and gave the company a “positive” rating in a research report on Wednesday, September 18th. BMO Capital Markets lowered their price target on shares of Saia from $500.00 to $480.00 and set a “market perform” rating for the company in a research report on Monday, July 29th. Raymond James lowered their price target on shares of Saia from $540.00 to $520.00 and set an “outperform” rating for the company in a research report on Monday, June 24th. JPMorgan Chase & Co. lifted their price target on shares of Saia from $479.00 to $481.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. Finally, TD Cowen raised their price objective on shares of Saia from $416.00 to $418.00 and gave the company a “hold” rating in a research note on Thursday, September 5th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Saia presently has a consensus rating of “Moderate Buy” and an average target price of $488.43.

Saia Trading Up 0.4 %

NASDAQ:SAIA opened at $428.14 on Thursday. The company has a 50-day moving average price of $406.02 and a 200-day moving average price of $452.03. Saia has a 12 month low of $341.26 and a 12 month high of $628.34. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.08. The stock has a market cap of $11.38 billion, a price-to-earnings ratio of 31.02, a P/E/G ratio of 2.05 and a beta of 1.74.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Friday, July 26th. The transportation company reported $3.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.00 by ($0.17). Saia had a net margin of 12.26% and a return on equity of 19.14%. The business had revenue of $823.24 million for the quarter, compared to analysts’ expectations of $821.60 million. Equities analysts predict that Saia will post 13.91 EPS for the current year.

Hedge Funds Weigh In On Saia

Several hedge funds and other institutional investors have recently modified their holdings of SAIA. Pineridge Advisors LLC bought a new position in shares of Saia during the 4th quarter valued at $26,000. Core Wealth Advisors Inc. bought a new position in shares of Saia during the 4th quarter valued at $32,000. Blue Trust Inc. lifted its holdings in shares of Saia by 161.5% during the 2nd quarter. Blue Trust Inc. now owns 68 shares of the transportation company’s stock valued at $32,000 after buying an additional 42 shares during the period. Rise Advisors LLC bought a new position in shares of Saia during the 1st quarter valued at $40,000. Finally, Quarry LP bought a new position in shares of Saia during the 2nd quarter valued at $41,000.

About Saia

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.