Saia (NASDAQ:SAIA) Price Target Raised to $270.00 at Susquehanna Bancshares

Saia (NASDAQ:SAIA – Get Rating) had its target price increased by Susquehanna Bancshares from $265.00 to $270.00 in a report released on Thursday morning, Stock Target Advisor reports.

Other equities research analysts have also issued reports about the stock. Credit Suisse Group increased their target price on shares of Saia from $234.00 to $253.00 and gave the stock an outperform rating in a report on Thursday. Wolfe Research cut their target price on shares of Saia from $347.00 to $278.00 and set an outperform rating on the stock in a report on Tuesday, April 5th. Morgan Stanley cut their target price on shares of Saia from $190.00 to $180.00 and set an underweight rating on the stock in a report on Friday, July 8th. StockNews.com began coverage on shares of Saia in a report on Thursday, March 31st. They set a hold rating on the stock. Finally, UBS Group upgraded shares of Saia from a neutral rating to a buy rating and raised their price objective for the stock from $213.00 to $240.00 in a report on Monday, May 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $268.71.

Saia Price Performance

Shares of SAIA stock opened at $237.85 on Thursday. Saia has a 52-week low of $168.03 and a 52-week high of $365.50. The stock has a market cap of $6.28 billion, a PE ratio of 21.51, a PEG ratio of 0.75 and a beta of 1.34. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.51 and a current ratio of 1.51. The firm’s 50 day moving average price is $196.97 and its two-hundred day moving average price is $230.49.

Saia (NASDAQ:SAIA – Get Rating) last posted its earnings results on Wednesday, July 27th. The transportation company reported $4.10 earnings per share for the quarter, topping the consensus estimate of $3.48 by $0.62. The company had revenue of $745.55 million for the quarter, compared to analyst estimates of $731.26 million. Saia had a net margin of 11.98% and a return on equity of 24.76%. The business’s revenue for the quarter was up 30.5% compared to the same quarter last year. During the same period last year, the business posted $2.34 earnings per share. As a group, analysts forecast that Saia will post 12.83 EPS for the current year.

Institutional Investors Weigh In On Saia

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SAIA. SG Americas Securities LLC grew its position in shares of Saia by 57.2% in the 2nd quarter. SG Americas Securities LLC now owns 10,317 shares of the transportation company’s stock valued at $1,940,000 after acquiring an additional 3,755 shares during the period. Park Avenue Securities LLC grew its position in shares of Saia by 29.2% in the 2nd quarter. Park Avenue Securities LLC now owns 1,085 shares of the transportation company’s stock valued at $204,000 after acquiring an additional 245 shares during the period. Versor Investments LP grew its position in shares of Saia by 370.1% in the 2nd quarter. Versor Investments LP now owns 5,604 shares of the transportation company’s stock valued at $1,054,000 after acquiring an additional 4,412 shares during the period. Sheets Smith Wealth Management grew its position in shares of Saia by 9.2% in the 2nd quarter. Sheets Smith Wealth Management now owns 4,048 shares of the transportation company’s stock valued at $761,000 after acquiring an additional 340 shares during the period. Finally, Dupont Capital Management Corp grew its position in shares of Saia by 54.4% in the 2nd quarter. Dupont Capital Management Corp now owns 6,517 shares of the transportation company’s stock valued at $1,225,000 after acquiring an additional 2,295 shares during the period.

About Saia

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Saia, Inc, through its subsidiaries, operates as a transportation company in North America. The company provides less-than-truckload services for shipments between 400 and 10,000 pounds; and other value-added services, including non-asset truckload, expedited, and logistics services. As of December 31, 2021, it operated 176 owned and leased facilities; and owned approximately 5,600 tractors and 19,300 trailers.

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