BMO Capital Markets Boosts Saia (NASDAQ:SAIA) Price Target to $495.00

Saia (NASDAQ:SAIA - Get Free Report) had its target price lifted by research analysts at BMO Capital Markets from $465.00 to $495.00 in a report issued on Monday, Benzinga reports. The brokerage presently has a "market perform" rating on the transportation company's stock. BMO Capital Markets' price target indicates a potential upside of 3.26% from the stock's current price.

Several other research analysts have also recently weighed in on SAIA. Citigroup started coverage on Saia in a research note on Wednesday, October 9th. They set a "buy" rating and a $518.00 target price for the company. Susquehanna raised their target price on Saia from $550.00 to $585.00 and gave the company a "positive" rating in a research note on Wednesday, September 18th. JPMorgan Chase & Co. raised their target price on Saia from $479.00 to $481.00 and gave the company an "overweight" rating in a research note on Friday, September 6th. The Goldman Sachs Group decreased their target price on Saia from $510.00 to $490.00 and set a "neutral" rating for the company in a research note on Wednesday, October 9th. Finally, Wolfe Research raised Saia from a "peer perform" rating to an "outperform" rating and set a $511.00 target price for the company in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Saia presently has a consensus rating of "Moderate Buy" and an average target price of $490.56.

Saia Stock Performance

Shares of SAIA traded up $17.73 during trading hours on Monday, reaching $479.38. 573,491 shares of the company's stock traded hands, compared to its average volume of 389,367. The firm has a market capitalization of $12.75 billion, a price-to-earnings ratio of 34.74, a P/E/G ratio of 2.21 and a beta of 1.74. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.26 and a quick ratio of 1.36. Saia has a twelve month low of $346.34 and a twelve month high of $628.34. The business's fifty day simple moving average is $424.22 and its two-hundred day simple moving average is $434.48.

Saia (NASDAQ:SAIA - Get Free Report) last issued its quarterly earnings results on Friday, October 25th. The transportation company reported $3.46 EPS for the quarter, missing analysts' consensus estimates of $3.53 by ($0.07). The business had revenue of $842.10 million for the quarter, compared to analyst estimates of $839.82 million. Saia had a net margin of 11.83% and a return on equity of 18.00%. Saia's revenue for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the business posted $3.67 earnings per share. Analysts predict that Saia will post 13.88 earnings per share for the current year.

Institutional Investors Weigh In On Saia

Hedge funds have recently bought and sold shares of the business. Blue Trust Inc. lifted its stake in Saia by 161.5% in the 2nd quarter. Blue Trust Inc. now owns 68 shares of the transportation company's stock worth $32,000 after acquiring an additional 42 shares in the last quarter. Paladin Wealth LLC purchased a new stake in shares of Saia during the 3rd quarter worth about $40,000. Quarry LP purchased a new stake in shares of Saia during the 2nd quarter worth about $41,000. International Assets Investment Management LLC purchased a new stake in shares of Saia during the 2nd quarter worth about $42,000. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in shares of Saia by 754.5% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 94 shares of the transportation company's stock worth $45,000 after purchasing an additional 83 shares in 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.