Bank of America Boosts Saia (NASDAQ:SAIA) Price Target to $460.00

Saia (NASDAQ:SAIA) had its price objective lifted by Bank of America from $443.00 to $460.00 in a research note released on Thursday, Benzinga reports. The firm currently has a buy rating on the transportation company’s stock.

A number of other analysts have also commented on the stock. Evercore ISI lifted their target price on shares of Saia from $523.00 to $566.00 and gave the stock an outperform rating in a report on Tuesday, June 25th. Wells Fargo & Company decreased their price objective on Saia from $445.00 to $400.00 and set an equal weight rating for the company in a research note on Monday, July 29th. Benchmark cut their target price on Saia from $575.00 to $480.00 and set a buy rating on the stock in a research note on Monday, July 29th. BMO Capital Markets reduced their target price on Saia from $500.00 to $480.00 and set a market perform rating on the stock in a report on Monday, July 29th. Finally, Raymond James lowered their price target on Saia from $540.00 to $520.00 and set an outperform rating for the company in a research note on Monday, June 24th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of Hold and an average price target of $476.73.

Saia Trading Up 1.0 %

Shares of NASDAQ SAIA opened at $402.39 on Thursday. Saia has a 1-year low of $341.26 and a 1-year high of $628.34. The company has a 50-day moving average of $419.86 and a two-hundred day moving average of $471.49. The company has a market cap of $10.70 billion, a PE ratio of 29.16, a P/E/G ratio of 2.01 and a beta of 1.74. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.08.

Saia (NASDAQ:SAIA) last posted 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 firm had revenue of $823.24 million for the quarter, compared to analyst estimates of $821.60 million. As a group, equities analysts expect that Saia will post 13.88 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Saia

Several large investors have recently made changes to their positions in SAIA. Vanguard Group Inc. lifted its position in Saia by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 2,505,108 shares of the transportation company’s stock valued at $1,465,488,000 after acquiring an additional 15,605 shares in the last quarter. Capital Research Global Investors lifted its holdings in shares of Saia by 16.2% in the first quarter. Capital Research Global Investors now owns 1,069,332 shares of the transportation company’s stock valued at $625,559,000 after purchasing an additional 149,074 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Saia by 2.6% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 869,859 shares of the transportation company’s stock worth $412,566,000 after buying an additional 22,143 shares during the period. Artisan Partners Limited Partnership grew its holdings in shares of Saia by 1.9% during the fourth quarter. Artisan Partners Limited Partnership now owns 817,411 shares of the transportation company’s stock worth $358,206,000 after buying an additional 15,317 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its position in Saia by 6.8% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 708,420 shares of the transportation company’s stock valued at $414,425,000 after buying an additional 45,155 shares during the last quarter.

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.