Saia’s (SAIA) “Buy” Rating Reiterated at Benchmark

Benchmark restated their buy rating on shares of Saia (NASDAQ:SAIA) in a report issued on Thursday morning, Benzinga reports. They currently have a $480.00 price objective on the transportation company’s stock.

A number of other equities research analysts have also recently weighed in on SAIA. Wells Fargo & Company lowered their price target on Saia from $445.00 to $400.00 and set an equal weight rating on the stock in a report on Monday, July 29th. TD Cowen reduced their price objective on Saia from $475.00 to $416.00 and set a hold rating for the company in a report on Monday, July 29th. Raymond James reduced their price objective on Saia from $540.00 to $520.00 and set an outperform rating for the company in a report on Monday, June 24th. Susquehanna reduced their price objective on Saia from $610.00 to $550.00 and set a positive rating for the company in a report on Wednesday, June 12th. Finally, Barclays reduced their price objective on Saia from $575.00 to $515.00 and set an overweight rating for the company in a 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 given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average price target of $476.73.

Saia Price Performance

Shares of SAIA opened at $402.39 on Thursday. The firm has a market capitalization of $10.70 billion, a PE ratio of 29.16, a P/E/G ratio of 2.01 and a beta of 1.74. The stock’s 50 day moving average is $419.86 and its two-hundred day moving average is $470.95. Saia has a twelve month low of $341.26 and a twelve month high of $628.34. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.08.

Saia (NASDAQ:SAIA) last released its earnings results on Friday, July 26th. The transportation company reported $3.83 EPS for the quarter, missing analysts’ consensus estimates of $4.00 by ($0.17). The business had revenue of $823.24 million during the quarter, compared to analyst estimates of $821.60 million. Saia had a net margin of 12.26% and a return on equity of 19.14%. Research analysts anticipate that Saia will post 13.88 earnings per share for the current year.

Institutional Investors Weigh In On Saia

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. AdvisorNet Financial Inc grew its position in Saia by 5.7% during the first quarter. AdvisorNet Financial Inc now owns 387 shares of the transportation company’s stock valued at $226,000 after acquiring an additional 21 shares during the period. Fifth Third Bancorp grew its position in Saia by 10.5% during the second quarter. Fifth Third Bancorp now owns 232 shares of the transportation company’s stock valued at $110,000 after acquiring an additional 22 shares during the period. LRI Investments LLC grew its position in Saia by 6.6% during the second quarter. LRI Investments LLC now owns 386 shares of the transportation company’s stock valued at $183,000 after acquiring an additional 24 shares during the period. EverSource Wealth Advisors LLC grew its position in Saia by 3.9% during the first quarter. EverSource Wealth Advisors LLC now owns 723 shares of the transportation company’s stock valued at $423,000 after acquiring an additional 27 shares during the period. Finally, Envestnet Portfolio Solutions Inc. grew its position in Saia by 1.0% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 2,977 shares of the transportation company’s stock valued at $1,742,000 after acquiring an additional 30 shares during the period.

Saia Company Profile

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.