Saia (NASDAQ:SAIA) Price Target Raised to $317.00 at Citigroup

Saia (NASDAQ:SAIA - Get Free Report) had its price objective hoisted by analysts at Citigroup from $288.00 to $317.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the transportation company's stock. Citigroup's price objective would suggest a potential upside of 19.64% from the company's current price.

• Saia Builds Value: Why Its Uptrend Is Set to Continue

Other research analysts have also recently issued reports about the stock. Susquehanna dropped their price objective on shares of Saia from $540.00 to $410.00 and set a "neutral" rating for the company in a research note on Monday, March 31st. Raymond James set a $310.00 price target on Saia and gave the company an "outperform" rating in a report on Monday, April 28th. Deutsche Bank Aktiengesellschaft cut shares of Saia from a "buy" rating to a "hold" rating and set a $273.00 price objective for the company. in a research note on Thursday, May 1st. TD Cowen boosted their price objective on shares of Saia from $456.00 to $478.00 and gave the company a "hold" rating in a research note on Tuesday, February 4th. Finally, Wall Street Zen raised shares of Saia to a "sell" rating in a research note on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Saia currently has a consensus rating of "Hold" and an average price target of $338.95.

Read Our Latest Research Report on Saia

Saia Price Performance

• 3 Trucking Stocks Leading the Way in Market Momentum

Shares of SAIA stock traded down $5.06 during midday trading on Friday, reaching $264.97. 250,100 shares of the company traded hands, compared to its average volume of 495,231. The firm's 50 day simple moving average is $305.17 and its two-hundred day simple moving average is $414.78. Saia has a 1-year low of $229.12 and a 1-year high of $624.55. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.57 and a quick ratio of 1.26. The firm has a market cap of $7.06 billion, a PE ratio of 19.61, a price-to-earnings-growth ratio of 2.24 and a beta of 2.03.

Saia (NASDAQ:SAIA - Get Free Report) last posted its quarterly earnings results on Friday, April 25th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.77 by ($0.91). Saia had a net margin of 11.28% and a return on equity of 16.63%. The company had revenue of $787.58 million for the quarter, compared to analyst estimates of $806.18 million. During the same quarter in the previous year, the business posted $3.38 earnings per share. Saia's revenue was up 4.3% on a year-over-year basis. On average, equities research analysts expect that Saia will post 15.46 EPS for the current fiscal year.

Institutional Trading of Saia

• J.B. Hunt Leads Truckers Lower: Buy Them While They're Down?

Several hedge funds and other institutional investors have recently bought and sold shares of SAIA. Exchange Traded Concepts LLC bought a new stake in Saia in the fourth quarter valued at about $366,000. Blue Trust Inc. increased its holdings in Saia by 64.6% in the fourth quarter. Blue Trust Inc. now owns 469 shares of the transportation company's stock valued at $205,000 after buying an additional 184 shares during the last quarter. KBC Group NV raised its stake in Saia by 47.7% during the fourth quarter. KBC Group NV now owns 1,093 shares of the transportation company's stock worth $498,000 after acquiring an additional 353 shares during the period. Pacer Advisors Inc. raised its stake in Saia by 1.3% during the fourth quarter. Pacer Advisors Inc. now owns 3,982 shares of the transportation company's stock worth $1,815,000 after acquiring an additional 51 shares during the period. Finally, Hunter Associates Investment Management LLC raised its stake in Saia by 8.2% during the fourth quarter. Hunter Associates Investment Management LLC now owns 7,090 shares of the transportation company's stock worth $3,230,000 after acquiring an additional 539 shares during the period.

About Saia

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.

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