The Goldman Sachs Group Increases Saia (NASDAQ:SAIA) Price Target to $446.00

Saia (NASDAQ:SAIAGet Free Report) had its price target hoisted by analysts at The Goldman Sachs Group from $398.00 to $446.00 in a report released on Monday, Benzinga reports. The brokerage currently has a “neutral” rating on the transportation company’s stock. The Goldman Sachs Group’s price target would suggest a potential downside of 15.97% from the stock’s current price.

Several other research analysts also recently issued reports on the company. Barclays cut their price objective on Saia from $460.00 to $450.00 and set an “overweight” rating for the company in a research report on Monday, October 30th. Benchmark restated a “buy” rating and set a $475.00 price objective on shares of Saia in a research report on Thursday, December 14th. Stifel Nicolaus lifted their price objective on Saia from $425.00 to $484.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. BMO Capital Markets lifted their price objective on Saia from $450.00 to $515.00 and gave the stock a “market perform” rating in a research report on Monday. Finally, StockNews.com upgraded Saia from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $457.50.

Read Our Latest Stock Report on SAIA

Saia Trading Down 0.2 %

SAIA stock opened at $530.76 on Monday. The firm has a 50 day moving average of $437.41 and a 200-day moving average of $417.46. Saia has a 12-month low of $244.69 and a 12-month high of $545.45. The company has a market cap of $14.09 billion, a price-to-earnings ratio of 40.00, a PEG ratio of 2.45 and a beta of 1.58.

Saia (NASDAQ:SAIAGet Free Report) last posted its quarterly earnings results on Friday, February 2nd. The transportation company reported $3.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.20 by $0.13. Saia had a net margin of 12.31% and a return on equity of 19.75%. The company had revenue of $751.10 million during the quarter, compared to the consensus estimate of $745.48 million. During the same period last year, the firm earned $2.65 EPS. The company’s revenue for the quarter was up 14.5% on a year-over-year basis. Sell-side analysts forecast that Saia will post 15.97 earnings per share for the current fiscal year.

Institutional Trading of Saia

Institutional investors have recently made changes to their positions in the stock. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in Saia during the 1st quarter worth $196,512,000. Artisan Partners Limited Partnership lifted its holdings in Saia by 68.1% in the 3rd quarter. Artisan Partners Limited Partnership now owns 802,094 shares of the transportation company’s stock worth $319,755,000 after buying an additional 325,031 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Saia by 49.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 712,195 shares of the transportation company’s stock worth $173,648,000 after buying an additional 236,105 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in Saia by 53.1% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 663,265 shares of the transportation company’s stock worth $290,655,000 after buying an additional 230,058 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in Saia by 149.0% in the 4th quarter. Victory Capital Management Inc. now owns 365,633 shares of the transportation company’s stock worth $76,666,000 after buying an additional 218,782 shares in the last quarter.

About Saia

(Get Free Report)

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. As of December 31, 2022, it operated 191 owned and leased facilities; and owned approximately 6,200 tractors and 20,800 trailers.

See Also

Analyst Recommendations for Saia (NASDAQ:SAIA)

Receive News & Ratings for Saia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saia and related companies with MarketBeat.com's FREE daily email newsletter.