Saia (NASDAQ:SAIA) Price Target Raised to $500.00 at BMO Capital Markets

Saia (NASDAQ:SAIA) had its price target hoisted by BMO Capital Markets from $490.00 to $500.00 in a research report released on Thursday, Benzinga reports. BMO Capital Markets currently has a market perform rating on the transportation company’s stock.

A number of other brokerages have also recently weighed in on SAIA. Bank of America reduced their price objective on Saia from $645.00 to $484.00 and set a buy rating for the company in a research note on Monday, April 29th. Stifel Nicolaus upgraded shares of Saia from a hold rating to a buy rating and reduced their price target for the company from $526.00 to $475.00 in a research report on Friday, May 24th. TD Cowen raised their price objective on shares of Saia from $473.00 to $475.00 and gave the stock a hold rating in a research report on Thursday, June 6th. Wells Fargo & Company assumed coverage on shares of Saia in a research note on Friday, June 7th. They issued an equal weight rating and a $445.00 price objective on the stock. Finally, The Goldman Sachs Group increased their target price on shares of Saia from $504.00 to $567.00 and gave the stock a neutral rating in a research note on Thursday, April 11th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, Saia currently has an average rating of Hold and an average price target of $497.41.

Saia Trading Down 0.7 %

Shares of Saia stock opened at $452.74 on Thursday. The company has a fifty day simple moving average of $453.70 and a 200-day simple moving average of $484.54. Saia has a 12-month low of $302.35 and a 12-month high of $628.34. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.04. The stock has a market cap of $12.04 billion, a price-to-earnings ratio of 32.81, a PEG ratio of 1.62 and a beta of 1.70.

Saia (NASDAQ:SAIA) last released its quarterly earnings data on Friday, April 26th. The transportation company reported $3.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.43 by ($0.05). Saia had a net margin of 12.42% and a return on equity of 19.53%. The company had revenue of $754.80 million during the quarter, compared to analyst estimates of $772.36 million. During the same quarter in the prior year, the company earned $2.85 EPS. The business’s revenue was up 14.3% on a year-over-year basis. On average, equities analysts forecast that Saia will post 15.26 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director John P. Gainor, Jr. purchased 500 shares of the business’s stock in a transaction dated Thursday, May 2nd. The stock was acquired at an average price of $407.00 per share, for a total transaction of $203,500.00. Following the acquisition, the director now directly owns 900 shares of the company’s stock, valued at approximately $366,300. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.30% of the company’s stock.

Institutional Investors Weigh In On Saia

A number of institutional investors and hedge funds have recently modified their holdings of SAIA. AdvisorNet Financial Inc boosted its position in Saia by 5.7% during the first quarter. AdvisorNet Financial Inc now owns 387 shares of the transportation company’s stock worth $226,000 after purchasing an additional 21 shares in the last quarter. Allworth Financial LP boosted its position in shares of Saia by 13.3% in the 4th quarter. Allworth Financial LP now owns 221 shares of the transportation company’s stock worth $97,000 after buying an additional 26 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Saia by 3.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 723 shares of the transportation company’s stock valued at $423,000 after acquiring an additional 27 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in Saia by 1.0% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 2,977 shares of the transportation company’s stock valued at $1,742,000 after acquiring an additional 30 shares during the last quarter. Finally, Park Place Capital Corp increased its holdings in Saia by 11.1% during the 4th quarter. Park Place Capital Corp now owns 319 shares of the transportation company’s stock valued at $140,000 after acquiring an additional 32 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.