Benchmark Reaffirms Buy Rating for Saia (NASDAQ:SAIA)

Benchmark restated their buy rating on shares of Saia (NASDAQ:SAIA) in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has a $480.00 price target on the transportation company’s stock.

Other research analysts also recently issued research reports about the stock. Wells Fargo & Company increased their price objective on shares of Saia from $400.00 to $410.00 and gave the company an equal weight rating in a report on Thursday, September 5th. Susquehanna increased their price objective on shares of Saia from $550.00 to $585.00 and gave the company a positive rating in a report on Wednesday. Bank of America increased their price objective on shares of Saia from $443.00 to $460.00 and gave the company a buy rating in a report on Thursday, September 5th. Evercore ISI upped their target price on shares of Saia from $523.00 to $566.00 and gave the company an outperform rating in a research report on Tuesday, June 25th. Finally, BMO Capital Markets decreased their target price on shares of Saia from $500.00 to $480.00 and set a market perform rating on the stock in a research report on Monday, July 29th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Saia has a consensus rating of Hold and a consensus price target of $479.07.

Saia Trading Down 3.8 %

Shares of Saia stock opened at $436.78 on Thursday. The company has a market capitalization of $11.61 billion, a P/E ratio of 31.65, a P/E/G ratio of 2.05 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 1.36. The company has a fifty day moving average of $414.29 and a 200 day moving average of $461.61. Saia has a fifty-two week low of $341.26 and a fifty-two week high of $628.34.

Saia (NASDAQ:SAIA) last issued its earnings results 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 during the quarter, compared to the consensus estimate of $821.60 million. Saia had a return on equity of 19.14% and a net margin of 12.26%. On average, sell-side analysts anticipate that Saia will post 13.92 earnings per share for the current fiscal year.

Institutional Trading of Saia

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Evoke Wealth LLC purchased a new stake in Saia in the 4th quarter worth about $5,802,000. Sequoia Financial Advisors LLC raised its position in Saia by 8.5% in the 1st quarter. Sequoia Financial Advisors LLC now owns 546 shares of the transportation company’s stock worth $319,000 after purchasing an additional 43 shares during the period. Franklin Resources Inc. raised its position in Saia by 11.5% in the 4th quarter. Franklin Resources Inc. now owns 22,100 shares of the transportation company’s stock worth $9,685,000 after purchasing an additional 2,272 shares during the period. Ontario Teachers Pension Plan Board bought a new position in Saia in the 1st quarter worth about $2,953,000. Finally, Comerica Bank grew its stake in Saia by 11.4% in the 4th quarter. Comerica Bank now owns 60,828 shares of the transportation company’s stock worth $26,656,000 after acquiring an additional 6,244 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.