Saia (NASDAQ:SAIA) Stock Gets Price Target Trim from UBS Group

Saia (NASDAQ:SAIA) had its price objective cut by UBS Group from $504.00 to $430.00 in a research report released on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the transportation company’s stock.

SAIA has been the subject of a number of other reports. Sanford C. Bernstein initiated coverage on shares of Saia in a report on Thursday, September 10th. They set an “outperform” rating and a $439.00 target price for the company. TD Cowen dropped their price target on shares of Saia from $400.00 to $393.00 and set a “hold” rating on the stock in a research note on Friday. Raymond James Financial reissued an “outperform” rating and issued a $410.00 target price on shares of Saia in a research report on Thursday, October 15th. Susquehanna cut their price objective on Saia from $412.00 to $360.00 and set a “neutral” rating on the stock in a research note on Friday, October 2nd. Finally, Barclays decreased their price target on shares of Saia from $500.00 to $475.00 and set an “overweight” rating for the company in a report on Friday, July 31st. Fourteen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Saia has a consensus rating of “Moderate Buy” and a consensus price target of $432.26.

Saia Price Performance

SAIA opened at $344.61 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.83 and a quick ratio of 1.83. Saia has a 12 month low of $249.32 and a 12 month high of $494.71. The stock’s 50 day moving average price is $342.03 and its 200 day moving average price is $387.51. The stock 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.

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

Hedge Funds Weigh In On Saia

Hedge funds and other institutional investors have recently modified their holdings of the stock. Chicago Partners Investment Group LLC bought a new position in shares of Saia in the third quarter valued at about $302,000. VIRGINIA RETIREMENT SYSTEMS ET Al raised its position in shares of Saia by 83.7% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 3,160 shares of the transportation company’s stock valued at $1,055,000 after acquiring an additional 1,440 shares during the last quarter. Verdence Capital Advisors LLC acquired a new position in Saia in the third quarter valued at about $217,000. Signaturefd LLC boosted its stake in Saia by 117.2% during the 3rd quarter. Signaturefd LLC now owns 252 shares of the transportation company’s stock worth $84,000 after acquiring an additional 136 shares during the last quarter. Finally, Tectonic Advisors LLC lifted its holdings in Saia by 118.7% during the third quarter. Tectonic Advisors LLC now owns 7,243 shares of the transportation company’s stock worth $2,417,000 after acquiring an additional 3,931 shares in the last quarter.

About Saia

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.