Saia (NASDAQ:SAIA) Stock Price Target Lowered at UBS Group

Saia (NASDAQ:SAIA) had its target price reduced by stock analysts at UBS Group from $504.00 to $430.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has a “buy” rating on the transportation company’s stock. UBS Group‘s target price suggests a potential upside of 24.78% from the stock’s previous close.

SAIA has been the topic of several other research reports. Jefferies Financial Group reiterated a “buy” rating on shares of Saia in a research report on Thursday. Raymond James Financial reissued an “outperform” rating and set a $410.00 price objective on shares of Saia in a report on Thursday, October 15th. The Goldman Sachs Group restated a “buy” rating and issued a $476.00 price objective on shares of Saia in a research report on Thursday, July 30th. Citigroup boosted their target price on shares of Saia from $429.00 to $434.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Stifel Nicolaus reduced their target price on shares of Saia from $438.00 to $423.00 and set a “buy” rating on the stock in a research report on Thursday, October 8th. Fourteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $432.26.

Saia Price Performance

Saia stock opened at $344.61 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.83 and a current ratio of 1.83. The firm has a market cap of $9.19 billion, a P/E ratio of 32.66, a P/E/G ratio of 2.62 and a beta of 2.09. The business’s fifty day moving average is $342.03 and its two-hundred day moving average is $387.51. Saia has a 52 week low of $249.32 and a 52 week high of $494.71.

Saia (NASDAQ:SAIA) last announced its earnings results on Thursday, October 29th. The transportation company reported $3.41 EPS for the quarter, topping the consensus estimate of $3.30 by $0.11. Saia had a return on equity of 10.53% and a net margin of 8.01%. The company had revenue of $982.45 million for the quarter, compared to analysts’ expectations of $966.98 million. During the same quarter in the prior year, the business earned $2.81 earnings per share. The business’s revenue for the quarter was up 17.0% on a year-over-year basis. Equities research analysts forecast that Saia will post 11.49 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Saia

A number of institutional investors and hedge funds have recently made changes to their positions in SAIA. Danske Bank A S acquired a new position in shares of Saia during the second quarter valued at $25,000. Caitong International Asset Management Co. Ltd acquired a new stake in Saia in the second quarter worth about $27,000. Meeder Asset Management Inc. increased its position in Saia by 360.0% in the second quarter. Meeder Asset Management Inc. now owns 69 shares of the transportation company’s stock worth $29,000 after purchasing an additional 54 shares during the period. Root Financial Partners LLC bought a new stake in Saia during the 3rd quarter worth about $33,000. Finally, Quantbot Technologies LP bought a new stake in Saia during the 2nd quarter worth about $64,000.

Saia Company Profile

Saia, Inc is a transportation and logistics company headquartered in Johns Creek, Georgia. Through its primary subsidiary, Saia LTL Freight, the company provides less-than-truckload transportation, moving palletized and other freight shipments that do not require a full trailer. Its services include standard and time-definite delivery, expedited transportation, guaranteed services, and shipment tracking.

Saia also provides non-asset-based logistics services through Saia Logistics Services, which helps customers arrange freight transportation using third-party carriers.