The Goldman Sachs Group Lowers Saia (NASDAQ:SAIA) Price Target to $490.00

by · The Cerbat Gem

Saia (NASDAQ:SAIA – Get Free Report) had its price target reduced by analysts at The Goldman Sachs Group from $510.00 to $490.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has a “neutral” rating on the transportation company’s stock. The Goldman Sachs Group’s price objective indicates a potential upside of 11.15% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. Citigroup initiated coverage on shares of Saia in a research report on Wednesday. They issued a “buy” rating and a $518.00 target price for the company. BMO Capital Markets reduced their price objective on Saia from $500.00 to $480.00 and set a “market perform” rating for the company in a research report on Monday, July 29th. Benchmark restated a “buy” rating and issued a $480.00 target price on shares of Saia in a research note on Thursday, September 19th. Bank of America raised their price target on Saia from $443.00 to $460.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th. Finally, Barclays dropped their price objective on Saia from $575.00 to $515.00 and set an “overweight” rating on the stock in a report on Monday, July 29th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $492.00.

Check Out Our Latest Stock Report on SAIA

Saia Stock Performance

Shares of Saia stock opened at $440.85 on Wednesday. Saia has a 12 month low of $341.26 and a 12 month high of $628.34. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.08. The stock has a market cap of $11.72 billion, a PE ratio of 31.95, a price-to-earnings-growth ratio of 2.02 and a beta of 1.74. The business has a fifty day simple moving average of $408.88 and a 200-day simple moving average of $448.22.

Saia (NASDAQ:SAIA – Get Free Report) last released its earnings results on Friday, July 26th. The transportation company reported $3.83 earnings per share for the quarter, missing the consensus estimate of $4.00 by ($0.17). The business had revenue of $823.24 million for the quarter, compared to analysts’ expectations of $821.60 million. Saia had a net margin of 12.26% and a return on equity of 19.14%. On average, sell-side analysts anticipate that Saia will post 13.91 EPS for the current fiscal year.

Institutional Trading of Saia

Hedge funds have recently added to or reduced their stakes in the business. Pineridge Advisors LLC bought a new position in Saia in the 4th quarter worth approximately $26,000. Blue Trust Inc. grew its stake in shares of Saia by 161.5% in the second quarter. Blue Trust Inc. now owns 68 shares of the transportation company’s stock worth $32,000 after acquiring an additional 42 shares during the last quarter. Rise Advisors LLC bought a new position in Saia during the first quarter worth $40,000. Quarry LP acquired a new position in Saia during the 2nd quarter valued at $41,000. Finally, International Assets Investment Management LLC bought a new stake in Saia in the 2nd quarter valued at $42,000.

Saia Company Profile

(Get Free Report)

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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