Susquehanna Boosts Saia (NASDAQ:SAIA) Price Target to $585.00

Saia (NASDAQ:SAIA) had its target price upped by research analysts at Susquehanna from $550.00 to $585.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has a “positive” rating on the transportation company’s stock. Susquehanna’s target price would indicate a potential upside of 28.90% from the company’s current price.

Other equities research analysts have also issued reports about the company. Stifel Nicolaus raised Saia from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $526.00 to $475.00 in a research note on Friday, May 24th. JPMorgan Chase & Co. increased their target price on Saia from $479.00 to $481.00 and gave the company an “overweight” rating in a report on Friday, September 6th. TD Cowen increased their target price on Saia from $416.00 to $418.00 and gave the company a “hold” rating in a report on Thursday, September 5th. Evercore ISI increased their target price on Saia from $523.00 to $566.00 and gave the company an “outperform” rating in a report on Tuesday, June 25th. Finally, Raymond James reduced their target price on Saia from $540.00 to $520.00 and set an “outperform” rating for the company in a report on Monday, June 24th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $479.07.

Saia Stock Performance

SAIA opened at $453.83 on Wednesday. The firm has a market cap of $12.07 billion, a PE ratio of 32.89, a P/E/G ratio of 2.05 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 has a fifty day simple moving average of $414.65 and a 200-day simple moving average of $463.62. Saia has a fifty-two week low of $341.26 and a fifty-two week high of $628.34.

Saia (NASDAQ:SAIA) last released its quarterly earnings data 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). The company had revenue of $823.24 million for the quarter, compared to the consensus estimate of $821.60 million. Saia had a return on equity of 19.14% and a net margin of 12.26%. As a group, equities analysts predict that Saia will post 13.92 EPS for the current fiscal year.

Institutional Trading of Saia

Several hedge funds and other institutional investors have recently modified their holdings of the company. Capital Research Global Investors increased its position in Saia by 129.8% during the fourth quarter. Capital Research Global Investors now owns 920,258 shares of the transportation company’s stock worth $403,275,000 after buying an additional 519,819 shares during the last quarter. Norges Bank bought a new position in shares of Saia in the fourth quarter worth about $201,117,000. American Century Companies Inc. increased its stake in shares of Saia by 347.3% in the second quarter. American Century Companies Inc. now owns 159,853 shares of the transportation company’s stock worth $75,817,000 after purchasing an additional 124,117 shares during the period. Clearbridge Investments LLC bought a new position in shares of Saia in the first quarter worth about $27,733,000. Finally, Vaughan Nelson Investment Management L.P. increased its stake in shares of Saia by 6.8% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 708,420 shares of the transportation company’s stock worth $414,425,000 after purchasing an additional 45,155 shares during the period.

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.