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

Saia (NASDAQ:SAIA) had its target price boosted by Susquehanna from $550.00 to $585.00 in a research note published on Wednesday morning, Benzinga reports. They currently have a positive rating on the transportation company’s stock.

SAIA has been the subject of a number of other research reports. Evercore ISI increased their target price on shares of Saia from $523.00 to $566.00 and gave the stock an outperform rating in a research report on Tuesday, June 25th. Raymond James cut their price objective on Saia from $540.00 to $520.00 and set an outperform rating for the company in a report on Monday, June 24th. Benchmark restated a buy rating and issued a $480.00 target price on shares of Saia in a research note on Thursday, September 5th. Barclays cut their price target on Saia from $575.00 to $515.00 and set an overweight rating for the company in a research note on Monday, July 29th. Finally, Bank of America boosted their price target on Saia from $443.00 to $460.00 and gave the company a buy rating in a research note on Thursday, September 5th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of Hold and a consensus price target of $479.07.

Saia Stock Performance

Shares of Saia stock opened at $436.78 on Wednesday. Saia has a 12 month low of $341.26 and a 12 month high of $628.34. 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 stock has a market cap of $11.61 billion, a PE ratio of 31.65, a price-to-earnings-growth ratio of 2.05 and a beta of 1.74. The business has a fifty day simple moving average of $414.29 and a 200-day simple moving average of $462.60.

Saia (NASDAQ:SAIA) last announced its quarterly earnings data on Friday, July 26th. The transportation company reported $3.83 EPS for the quarter, missing analysts’ consensus estimates of $4.00 by ($0.17). The business had revenue of $823.24 million for the quarter, compared to analyst estimates of $821.60 million. Saia had a return on equity of 19.14% and a net margin of 12.26%. On average, sell-side analysts anticipate that Saia will post 13.92 EPS for the current fiscal year.

Hedge Funds Weigh In On Saia

Several large investors have recently made changes to their positions in SAIA. Pineridge Advisors LLC acquired a new stake in Saia in the 4th quarter valued at approximately $26,000. Blue Trust Inc. boosted its holdings in Saia by 161.5% in the 2nd quarter. Blue Trust Inc. now owns 68 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 42 shares during the period. Rise Advisors LLC acquired a new stake in Saia in the 1st quarter worth $40,000. Core Wealth Advisors Inc. bought a new position in shares of Saia during the 4th quarter worth about $32,000. Finally, Quarry LP bought a new position in shares of Saia during the 2nd quarter worth about $41,000.

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.