Raymond James Boosts Saia (NASDAQ:SAIA) Price Target to $260.00

Saia (NASDAQ:SAIAGet Rating) had its target price boosted by Raymond James from $230.00 to $260.00 in a research note released on Friday morning, Benzinga reports. The brokerage currently has an outperform rating on the transportation company’s stock.

SAIA has been the topic of several other reports. Bank of America cut shares of Saia from a neutral rating to an underperform rating and decreased their price objective for the stock from $216.00 to $215.00 in a research note on Thursday, December 1st. Citigroup upped their price objective on shares of Saia to $232.00 in a research note on Thursday, October 13th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Saia from $281.00 to $296.00 in a research note on Monday, November 28th. Susquehanna cut shares of Saia from a positive rating to a neutral rating and decreased their price target for the company from $250.00 to $220.00 in a research note on Monday, January 9th. Finally, Wolfe Research cut shares of Saia from an outperform rating to a peer perform rating in a research note on Thursday, November 17th. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Saia presently has a consensus rating of Hold and an average price target of $246.14.

Saia Stock Performance

NASDAQ:SAIA opened at $248.92 on Friday. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $6.59 billion, a PE ratio of 18.42, a price-to-earnings-growth ratio of 1.41 and a beta of 1.45. Saia has a 12-month low of $168.03 and a 12-month high of $304.48. The firm has a 50-day moving average price of $230.10 and a 200 day moving average price of $217.10.

Saia (NASDAQ:SAIAGet Rating) last issued its quarterly earnings data on Monday, October 31st. The transportation company reported $3.67 earnings per share for the quarter, missing the consensus estimate of $3.68 by ($0.01). The firm had revenue of $729.56 million for the quarter, compared to the consensus estimate of $718.75 million. Saia had a return on equity of 26.58% and a net margin of 13.09%. Research analysts anticipate that Saia will post 13.61 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Saia

Large investors have recently bought and sold shares of the business. Nisa Investment Advisors LLC lifted its holdings in Saia by 98.5% in the second quarter. Nisa Investment Advisors LLC now owns 4,102 shares of the transportation company’s stock valued at $771,000 after buying an additional 2,036 shares during the period. Xponance Inc. raised its holdings in Saia by 5.5% in the second quarter. Xponance Inc. now owns 4,365 shares of the transportation company’s stock worth $821,000 after purchasing an additional 228 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in Saia by 4.0% in the second quarter. Oppenheimer Asset Management Inc. now owns 7,566 shares of the transportation company’s stock worth $1,422,000 after purchasing an additional 293 shares during the period. Ontario Teachers Pension Plan Board raised its holdings in Saia by 146.6% in the second quarter. Ontario Teachers Pension Plan Board now owns 10,275 shares of the transportation company’s stock worth $1,932,000 after purchasing an additional 6,108 shares during the period. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC raised its holdings in Saia by 17.5% in the third quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 2,525 shares of the transportation company’s stock worth $479,000 after purchasing an additional 376 shares during the period.

Saia Company Profile

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Saia, Inc operates as a transportation holding company. The firm through its wholly-owned subsidiaries provides regional and interregional less-than-truckload (LTL) services through a single integrated organization. The firm also offers other value-added services, including non-asset truckload, expedited and logistics services across North America.

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Analyst Recommendations for Saia (NASDAQ:SAIA)

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