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

Saia (NASDAQ:SAIA) had its price target boosted by stock analysts at BMO Capital Markets from $465.00 to $495.00 in a research note issued on Monday, Benzinga reports. The brokerage presently has a “market perform” rating on the transportation company’s stock. BMO Capital Markets’ price target would indicate a potential upside of 7.22% from the company’s current price.

SAIA has been the subject of a number of other research reports. Wells Fargo & Company lifted their target price on shares of Saia from $400.00 to $410.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 5th. Jefferies Financial Group boosted their price objective on Saia from $480.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. 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. Barclays dropped 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. Finally, Benchmark reaffirmed a “buy” rating and set a $480.00 price objective on shares of Saia in a research report on Thursday, September 19th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Saia has a consensus rating of “Moderate Buy” and a consensus target price of $490.56.

Saia Trading Up 11.4 %

Shares of SAIA stock opened at $461.65 on Monday. The company has a market cap of $12.27 billion, a PE ratio of 33.45, 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 quick ratio of 1.36 and a current ratio of 1.26. Saia has a fifty-two week low of $341.26 and a fifty-two week high of $628.34. The stock’s fifty day moving average price is $422.43 and its two-hundred day moving average price is $435.25.

Saia (NASDAQ:SAIA) last announced its earnings results on Friday, October 25th. The transportation company reported $3.46 EPS for the quarter, missing the consensus estimate of $3.53 by ($0.07). Saia had a net margin of 11.83% and a return on equity of 18.00%. The company had revenue of $842.10 million during the quarter, compared to the consensus estimate of $839.82 million. During the same quarter in the previous year, the company earned $3.67 earnings per share. The business’s revenue was up 8.6% on a year-over-year basis. Equities analysts predict that Saia will post 13.88 EPS for the current fiscal year.

Hedge Funds Weigh In On Saia

A number of hedge funds have recently added to or reduced their stakes in the stock. 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. American Century Companies Inc. lifted its stake in Saia by 347.3% during the 2nd quarter. American Century Companies Inc. now owns 159,853 shares of the transportation company’s stock valued at $75,817,000 after acquiring an additional 124,117 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Saia by 64.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 250,626 shares of the transportation company’s stock worth $109,589,000 after acquiring an additional 98,383 shares during the last quarter. Clearbridge Investments LLC bought a new stake in shares of Saia in the 1st quarter worth $27,733,000. Finally, International Assets Investment Management LLC grew its stake in shares of Saia by 43,625.8% in the 3rd quarter. International Assets Investment Management LLC now owns 38,916 shares of the transportation company’s stock worth $17,016,000 after acquiring an additional 38,827 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.