Saia (NASDAQ:SAIA) had its price target increased by equities researchers at Raymond James from $115.00 to $135.00 in a research report issued on Thursday, BenzingaRatingsTable reports. The firm currently has an “outperform” rating on the transportation company’s stock. Raymond James’ price target points to a potential upside of 13.02% from the company’s previous close.

SAIA has been the topic of a number of other research reports. Cowen restated a “hold” rating and issued a $99.00 target price on shares of Saia in a report on Wednesday, April 29th. SunTrust Banks upped their target price on shares of Saia from $112.00 to $142.00 and gave the stock a “buy” rating in a report on Friday, July 17th. Deutsche Bank upped their target price on shares of Saia from $133.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday. BidaskClub upgraded shares of Saia from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 9th. Finally, BofA Securities initiated coverage on shares of Saia in a report on Tuesday. They issued a “neutral” rating and a $135.00 target price on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $108.57.

Shares of NASDAQ SAIA traded down $1.21 during trading on Thursday, hitting $119.45. 268,020 shares of the company traded hands, compared to its average volume of 264,332. The business’s fifty day moving average is $117.01 and its 200 day moving average is $96.54. Saia has a fifty-two week low of $61.46 and a fifty-two week high of $132.62. The firm has a market capitalization of $3.15 billion, a price-to-earnings ratio of 28.51, a P/E/G ratio of 2.37 and a beta of 1.11. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.23 and a current ratio of 1.09.

Saia (NASDAQ:SAIA) last announced its quarterly earnings data on Wednesday, July 29th. The transportation company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.17. Saia had a net margin of 6.25% and a return on equity of 13.12%. The firm had revenue of $418.11 million for the quarter, compared to analyst estimates of $414.68 million. During the same quarter in the prior year, the business earned $1.40 earnings per share. The business’s quarterly revenue was down 9.9% compared to the same quarter last year. On average, analysts predict that Saia will post 4.02 EPS for the current year.

In other news, CFO Douglas L. Col sold 1,000 shares of the stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $111.75, for a total transaction of $111,750.00. Following the completion of the transaction, the chief financial officer now directly owns 5,227 shares of the company’s stock, valued at approximately $584,117.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard D. Odell sold 9,749 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $103.24, for a total transaction of $1,006,486.76. Following the transaction, the director now directly owns 32,155 shares of the company’s stock, valued at $3,319,682.20. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. IndexIQ Advisors LLC bought a new position in Saia in the 1st quarter worth approximately $185,000. State of Tennessee Treasury Department boosted its holdings in Saia by 41.9% in the 1st quarter. State of Tennessee Treasury Department now owns 13,824 shares of the transportation company’s stock worth $1,017,000 after buying an additional 4,080 shares during the period. Wellington Management Group LLP boosted its holdings in Saia by 24.4% in the 1st quarter. Wellington Management Group LLP now owns 922,020 shares of the transportation company’s stock worth $67,805,000 after buying an additional 180,566 shares during the period. State Street Corp boosted its holdings in Saia by 7.1% in the 1st quarter. State Street Corp now owns 826,561 shares of the transportation company’s stock worth $60,785,000 after buying an additional 54,894 shares during the period. Finally, Norges Bank bought a new position in Saia in the 4th quarter worth approximately $29,740,000.

Saia Company Profile

Saia, Inc, through its subsidiaries, operates as a transportation company in North America. The company provides regional and interregional 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.

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Analyst Recommendations for Saia (NASDAQ:SAIA)

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