Saia (NASDAQ:SAIA) PT Raised to $418.00 at TD Cowen

Saia (NASDAQ:SAIA) had its price objective hoisted by TD Cowen from $416.00 to $418.00 in a research report released on Thursday, Benzinga reports. TD Cowen currently has a hold rating on the transportation company’s stock.

A number of other brokerages have also recently issued reports on SAIA. BMO Capital Markets lowered their price objective on Saia from $500.00 to $480.00 and set a market perform rating on the stock in a research note on Monday, July 29th. Raymond James lowered their price target on shares of Saia from $540.00 to $520.00 and set an outperform rating on the stock in a research report on Monday, June 24th. Barclays cut their price objective on shares of Saia from $575.00 to $515.00 and set an overweight rating for the company in a report on Monday, July 29th. Benchmark reissued a buy rating and set a $480.00 target price on shares of Saia in a report on Thursday. Finally, Susquehanna cut their price target on Saia from $610.00 to $550.00 and set a positive rating for the company in a report on Wednesday, June 12th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and a consensus target price of $476.73.

Saia Stock Up 1.0 %

Saia stock opened at $402.39 on Thursday. The firm has a 50 day moving average price of $419.86 and a 200-day moving average price of $471.49. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.08. Saia has a twelve month low of $341.26 and a twelve month high of $628.34. The company has a market capitalization of $10.70 billion, a P/E ratio of 29.16, a P/E/G ratio of 2.01 and a beta of 1.74.

Saia (NASDAQ:SAIA) last announced its quarterly earnings data on Friday, July 26th. The transportation company reported $3.83 earnings per share for the quarter, missing the consensus estimate of $4.00 by ($0.17). The firm had revenue of $823.24 million for the quarter, compared to the consensus estimate of $821.60 million. Saia had a net margin of 12.26% and a return on equity of 19.14%. As a group, equities analysts predict that Saia will post 13.88 EPS for the current year.

Institutional Trading of Saia

A number of large investors have recently modified their holdings of SAIA. Capital Research Global Investors increased its position in shares of Saia by 129.8% in the fourth quarter. Capital Research Global Investors now owns 920,258 shares of the transportation company’s stock worth $403,275,000 after purchasing an additional 519,819 shares during the last quarter. Norges Bank purchased a new position in Saia in the 4th quarter worth approximately $201,117,000. American Century Companies Inc. increased its holdings in shares of Saia by 347.3% in the 2nd quarter. American Century Companies Inc. now owns 159,853 shares of the transportation company’s stock worth $75,817,000 after buying an additional 124,117 shares during the last quarter. Clearbridge Investments LLC purchased a new stake in shares of Saia during the 1st quarter valued at $27,733,000. Finally, Vaughan Nelson Investment Management L.P. raised its position in shares of Saia by 6.8% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 708,420 shares of the transportation company’s stock valued at $414,425,000 after buying an additional 45,155 shares in the last quarter.

Saia Company Profile

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.