Saia (NASDAQ:SAIA) Price Target Increased to $77.00 by Analysts at Stifel Nicolaus

Saia (NASDAQ:SAIA) had its price target increased by Stifel Nicolaus from $66.00 to $77.00 in a research report report published on Thursday, BenzingaRatingsTable reports. Stifel Nicolaus currently has a hold rating on the transportation company’s stock.

A number of other brokerages also recently issued reports on SAIA. BidaskClub raised Saia from a hold rating to a buy rating in a research report on Friday, July 26th. ValuEngine raised Saia from a sell rating to a hold rating in a research report on Thursday. KeyCorp increased their price target on Saia from $75.00 to $85.00 and gave the stock an overweight rating in a research report on Thursday. Mizuho reissued a hold rating and set a $75.00 price target on shares of Saia in a research report on Tuesday, July 2nd. Finally, Cowen reissued a hold rating and set a $70.00 price target on shares of Saia in a research report on Thursday, May 2nd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. Saia has an average rating of Hold and a consensus target price of $78.00.

Shares of NASDAQ SAIA traded up $1.82 during trading hours on Thursday, reaching $77.10. 276,450 shares of the stock were exchanged, compared to its average volume of 208,320. The company has a market cap of $1.80 billion, a price-to-earnings ratio of 19.32 and a beta of 1.10. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.18. Saia has a 52 week low of $52.04 and a 52 week high of $83.75. The company’s fifty day simple moving average is $64.96.

Saia (NASDAQ:SAIA) last announced its earnings results on Wednesday, July 31st. The transportation company reported $1.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.08. The company had revenue of $464.00 million for the quarter, compared to analyst estimates of $449.42 million. Saia had a return on equity of 15.59% and a net margin of 6.35%. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.15 earnings per share. On average, research analysts predict that Saia will post 4.5 EPS for the current fiscal year.

In other Saia news, VP Paul C. Peck sold 1,265 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $68.00, for a total value of $86,020.00. Following the sale, the vice president now owns 1,128 shares of the company’s stock, valued at approximately $76,704. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.30% of the company’s stock.

Several hedge funds have recently modified their holdings of SAIA. Norges Bank acquired a new stake in shares of Saia in the 4th quarter valued at $17,995,000. Janus Henderson Group PLC boosted its holdings in shares of Saia by 18.5% in the 1st quarter. Janus Henderson Group PLC now owns 1,381,118 shares of the transportation company’s stock valued at $84,386,000 after purchasing an additional 215,939 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Saia by 13.1% in the 1st quarter. Wells Fargo & Company MN now owns 899,004 shares of the transportation company’s stock valued at $54,928,000 after purchasing an additional 103,973 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Saia by 7.1% in the 1st quarter. JPMorgan Chase & Co. now owns 816,274 shares of the transportation company’s stock valued at $49,874,000 after purchasing an additional 54,050 shares in the last quarter. Finally, Deutsche Bank AG boosted its holdings in shares of Saia by 36.5% in the 4th quarter. Deutsche Bank AG now owns 162,482 shares of the transportation company’s stock valued at $9,068,000 after purchasing an additional 43,485 shares in the last quarter.

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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