Saia (NASDAQ:SAIA) Receives New Coverage from Analysts at Citigroup

Citigroup assumed coverage on shares of Saia (NASDAQ:SAIA) in a report released on Wednesday morning, Marketbeat reports. The firm issued a buy rating and a $518.00 price target on the transportation company’s stock.

Several other analysts also recently issued reports on the company. JPMorgan Chase & Co. increased their price target on Saia from $479.00 to $481.00 and gave the company an overweight rating in a report on Friday, September 6th. TD Cowen upped their target price on Saia from $416.00 to $418.00 and gave the stock a hold rating in a research report on Thursday, September 5th. Wolfe Research upgraded Saia from a peer perform rating to an outperform rating and set a $511.00 target price on the stock in a report on Wednesday. Evercore ISI reduced their price target on Saia from $503.00 to $488.00 and set an outperform rating on the stock in a research report on Thursday, October 3rd. Finally, Benchmark reaffirmed a buy rating and issued a $480.00 price objective on shares of Saia in a research report on Thursday, September 19th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of $491.47.

Saia Stock Up 2.5 %

Shares of NASDAQ:SAIA opened at $447.83 on Wednesday. The stock has a 50-day simple moving average of $407.96 and a 200-day simple moving average of $448.27. The stock has a market capitalization of $11.91 billion, a P/E ratio of 32.45, a PEG ratio of 2.02 and a beta of 1.74. Saia has a 1 year low of $341.26 and a 1 year high of $628.34. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.36 and a current ratio of 1.36.

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

Institutional Investors Weigh In On Saia

Institutional investors have recently modified their holdings of the stock. Pineridge Advisors LLC bought a new stake in shares of Saia in the 4th quarter valued at approximately $26,000. Blue Trust Inc. boosted its holdings in Saia by 161.5% in the second quarter. Blue Trust Inc. now owns 68 shares of the transportation company’s stock worth $32,000 after purchasing an additional 42 shares during the period. Rise Advisors LLC bought a new stake in Saia during the first quarter valued at $40,000. Quarry LP bought a new stake in Saia during the second quarter valued at $41,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of Saia during the second quarter worth $42,000.

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.