BMO Capital Markets Issues Positive Forecast for Saia (NASDAQ:SAIA) Stock Price

Saia (NASDAQ:SAIA) had its target price hoisted by BMO Capital Markets from $465.00 to $495.00 in a report published on Monday morning, Benzinga reports. The brokerage currently has a market perform rating on the transportation company’s stock.

SAIA has been the topic of several other reports. JPMorgan Chase & Co. increased their price target on shares of Saia from $479.00 to $481.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. Barclays lowered their target price on Saia from $575.00 to $515.00 and set an “overweight” rating on the stock in a research report on Monday, July 29th. The Goldman Sachs Group cut their price target on Saia from $510.00 to $490.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Evercore ISI lowered their price objective 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, Wolfe Research raised shares of Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 target price for the company in a report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $492.00.

Saia Stock Up 3.0 %

Saia stock opened at $491.33 on Monday. Saia has a one year low of $354.32 and a one year high of $628.34. The stock has a fifty day moving average of $426.08 and a 200 day moving average of $433.77. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.36 and a current ratio of 1.26. The stock has a market cap of $13.06 billion, a PE ratio of 35.60, a price-to-earnings-growth ratio of 2.21 and a beta of 1.74.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Friday, October 25th. The transportation company reported $3.46 EPS for the quarter, missing the consensus estimate of $3.53 by ($0.07). Saia had a net margin of 11.83% and a return on equity of 18.00%. The business had revenue of $842.10 million for the quarter, compared to analysts’ expectations of $839.82 million. During the same period in the previous year, the company earned $3.67 EPS. Saia’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, sell-side analysts predict that Saia will post 13.88 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SAIA. Marks Group Wealth Management Inc purchased a new stake in shares of Saia during the 3rd quarter worth approximately $8,882,000. Van ECK Associates Corp increased its position in Saia by 40.0% in the third quarter. Van ECK Associates Corp now owns 17,316 shares of the transportation company’s stock worth $7,150,000 after purchasing an additional 4,948 shares during the last quarter. Harbor Capital Advisors Inc. raised its stake in Saia by 173.4% during the third quarter. Harbor Capital Advisors Inc. now owns 10,284 shares of the transportation company’s stock valued at $4,497,000 after purchasing an additional 6,523 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in Saia by 0.4% during the third quarter. Janney Montgomery Scott LLC now owns 15,397 shares of the transportation company’s stock valued at $6,732,000 after purchasing an additional 59 shares during the last quarter. Finally, Stephens Inc. AR grew its stake in shares of Saia by 172.7% in the 3rd quarter. Stephens Inc. AR now owns 1,290 shares of the transportation company’s stock worth $564,000 after buying an additional 817 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.