Brokerages Set Saia, Inc. (NASDAQ:SAIA) Price Target at $492.00

Saia, Inc. (NASDAQ:SAIA) has received a consensus rating of “Moderate Buy” from the seventeen ratings firms that are covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $506.00.

SAIA has been the topic of a number of recent analyst reports. Citigroup upped their price target on Saia from $534.00 to $651.00 and gave the stock a “buy” rating in a research report on Tuesday. BMO Capital Markets increased their price target on Saia from $465.00 to $495.00 and gave the company a “market perform” rating in a research note on Monday, October 28th. Benchmark reissued a “buy” rating and issued a $480.00 price target on shares of Saia in a report on Thursday, September 19th. Jefferies Financial Group upped their price objective on shares of Saia from $480.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Finally, Bank of America lifted their target price on shares of Saia from $443.00 to $460.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th.

Institutional Investors Weigh In On Saia

Several institutional investors have recently bought and sold shares of SAIA. MML Investors Services LLC lifted its holdings in Saia by 89.8% in the 3rd quarter. MML Investors Services LLC now owns 4,313 shares of the transportation company’s stock valued at $1,886,000 after purchasing an additional 2,041 shares in the last quarter. Orion Portfolio Solutions LLC raised its position in shares of Saia by 31.2% in the third quarter. Orion Portfolio Solutions LLC now owns 2,231 shares of the transportation company’s stock valued at $976,000 after buying an additional 530 shares during the last quarter. Weiss Asset Management LP purchased a new position in shares of Saia in the third quarter worth about $1,040,000. State Street Corp lifted its stake in shares of Saia by 3.1% in the third quarter. State Street Corp now owns 805,597 shares of the transportation company’s stock worth $352,255,000 after buying an additional 24,351 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its position in Saia by 66.7% during the third quarter. Quantinno Capital Management LP now owns 827 shares of the transportation company’s stock worth $362,000 after acquiring an additional 331 shares during the last quarter.

Saia Stock Down 3.7 %

Shares of NASDAQ:SAIA opened at $522.37 on Friday. The firm has a market capitalization of $13.89 billion, a PE ratio of 37.31, a price-to-earnings-growth ratio of 3.10 and a beta of 1.73. The business has a 50 day simple moving average of $461.16 and a two-hundred day simple moving average of $435.47. Saia has a 1 year low of $358.90 and a 1 year high of $628.34. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.26 and a quick ratio of 1.26.

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

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.