Saia (NASDAQ:SAIA) PT Raised to $585.00 at Susquehanna

Saia (NASDAQ:SAIA - Free Report) had its price objective boosted by Susquehanna from $550.00 to $585.00 in a report released on Wednesday morning, Benzinga reports. The brokerage currently has a positive rating on the transportation company's stock.

A number of other brokerages also recently commented on SAIA. Bank of America increased their price objective on shares of Saia from $443.00 to $460.00 and gave the company a buy rating in a research report on Thursday, September 5th. Barclays cut their price target on Saia from $575.00 to $515.00 and set an overweight rating on the stock in a research note on Monday, July 29th. Benchmark reaffirmed a buy rating and set a $480.00 price target on shares of Saia in a report on Thursday, September 5th. JPMorgan Chase & Co. increased their price objective on Saia from $479.00 to $481.00 and gave the company an overweight rating in a report on Friday, September 6th. Finally, Wells Fargo & Company raised their target price on Saia from $400.00 to $410.00 and gave the stock an equal weight rating in a research report on Thursday, September 5th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of Hold and a consensus target price of $479.07.

Saia Stock Up 1.4 %

SAIA traded up $5.92 on Wednesday, hitting $444.29. 332,663 shares of the company were exchanged, compared to its average volume of 391,948. The firm has a 50-day moving average price of $414.52 and a two-hundred day moving average price of $463.83. 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 has a twelve month low of $341.26 and a twelve month high of $628.34. The company has a market cap of $11.81 billion, a price-to-earnings ratio of 32.19, a price-to-earnings-growth ratio of 1.98 and a beta of 1.74.

Saia (NASDAQ:SAIA - Get Free Report) last announced 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 net margin of 12.26% and a return on equity of 19.14%. The company had revenue of $823.24 million during the quarter, compared to analysts' expectations of $821.60 million. On average, equities analysts predict that Saia will post 13.92 earnings per share for the current year.

Hedge Funds Weigh In On Saia

Several institutional investors have recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in shares of Saia in the 4th quarter valued at approximately $201,117,000. UBS Group AG increased its stake in Saia by 45.2% in the 4th quarter. UBS Group AG now owns 33,065 shares of the transportation company's stock valued at $14,490,000 after buying an additional 10,297 shares during the period. Wells Fargo & Company MN raised its position in Saia by 9.3% during the 4th quarter. Wells Fargo & Company MN now owns 171,279 shares of the transportation company's stock worth $75,058,000 after buying an additional 14,502 shares during the last quarter. GW&K Investment Management LLC raised its position in Saia by 15.0% during the 4th quarter. GW&K Investment Management LLC now owns 32,330 shares of the transportation company's stock worth $14,168,000 after buying an additional 4,222 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake in shares of Saia by 11.5% in the 4th quarter. Franklin Resources Inc. now owns 22,100 shares of the transportation company's stock worth $9,685,000 after acquiring an additional 2,272 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.