Saia (NASDAQ:SAIA) had its price objective lifted by equities research analysts at Cowen from $61.00 to $80.00 in a research report issued on Monday, Marketbeat reports. The brokerage presently has a “buy” rating on the transportation company’s stock. Cowen’s price target points to a potential upside of 8.84% from the company’s current price.

Other equities analysts also recently issued research reports about the company. Stephens reaffirmed a “neutral” rating on shares of Saia in a research report on Friday, February 2nd. Stifel Nicolaus upped their price objective on Saia from $60.00 to $61.00 and gave the company a “hold” rating in a research report on Wednesday, December 13th. Seaport Global Securities reaffirmed a “buy” rating on shares of Saia in a research report on Tuesday, December 5th. ValuEngine downgraded Saia from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, BidaskClub raised Saia from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 20th. Five research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $63.75.

Saia (NASDAQ:SAIA) opened at $73.50 on Monday. The company has a market capitalization of $1,869.72, a price-to-earnings ratio of 21.06 and a beta of 0.85. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.22 and a quick ratio of 1.09. Saia has a 12-month low of $41.28 and a 12-month high of $80.25.

Saia (NASDAQ:SAIA) last announced its quarterly earnings data on Friday, February 2nd. The transportation company reported $0.53 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.53. The company had revenue of $353.20 million for the quarter, compared to the consensus estimate of $343.26 million. Saia had a return on equity of 10.80% and a net margin of 6.61%. Saia’s quarterly revenue was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.40 EPS. equities research analysts expect that Saia will post 3.41 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of SAIA. Jennison Associates LLC bought a new position in shares of Saia during the 3rd quarter worth $16,124,000. Eagle Asset Management Inc. bought a new position in shares of Saia during the 3rd quarter worth $15,904,000. Victory Capital Management Inc. grew its position in shares of Saia by 30.3% during the 3rd quarter. Victory Capital Management Inc. now owns 964,420 shares of the transportation company’s stock worth $60,421,000 after buying an additional 224,547 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of Saia by 492.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 188,646 shares of the transportation company’s stock worth $11,819,000 after buying an additional 156,827 shares in the last quarter. Finally, Voya Investment Management LLC grew its position in shares of Saia by 1,324.6% during the 2nd quarter. Voya Investment Management LLC now owns 149,987 shares of the transportation company’s stock worth $7,695,000 after buying an additional 139,459 shares in the last quarter. 99.80% of the stock is currently owned by institutional investors and hedge funds.

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About Saia

Saia, Inc is a transportation company. The Company provides regional and interregional less-than-truckload (LTL) services. The Company also offers a range of other value-added services, including non-asset truckload, expedited and logistics services across the United States. The Company’s subsidiary Saia Motor Freight Line, LLC (Saia LTL Freight) is a LTL carrier.

Analyst Recommendations for Saia (NASDAQ:SAIA)

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