Susquehanna Cuts Saia (NASDAQ:SAIA) Price Target to $360.00

Saia (NASDAQ:SAIA) had its target price decreased by Susquehanna from $412.00 to $360.00 in a research report sent to investors on Friday, Marketbeat reports. Susquehanna currently has a neutral rating on the transportation company’s stock.

Several other analysts have also commented on SAIA. The Goldman Sachs Group reaffirmed a “buy” rating and set a $476.00 target price on shares of Saia in a report on Thursday, July 30th. Sanford C. Bernstein assumed coverage on Saia in a report on Thursday, September 10th. They issued an “outperform” rating and a $439.00 price target for the company. Weiss Ratings restated a “hold (c)” rating on shares of Saia in a research report on Monday, August 3rd. Barclays dropped their price objective on shares of Saia from $500.00 to $475.00 and set an “overweight” rating on the stock in a research note on Friday, July 31st. Finally, Citigroup cut their target price on shares of Saia from $423.00 to $417.00 and set a “buy” rating for the company in a report on Tuesday, September 8th. Fourteen 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $442.58.

Saia Price Performance

NASDAQ:SAIA opened at $351.12 on Friday. The firm’s fifty day moving average is $355.40 and its two-hundred day moving average is $399.35. The firm has a market cap of $9.36 billion, a price-to-earnings ratio of 33.89, a PEG ratio of 2.83 and a beta of 2.19. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.58 and a current ratio of 1.58. Saia has a one year low of $249.32 and a one year high of $494.71.

Saia (NASDAQ:SAIA) last released its quarterly earnings data on Thursday, July 30th. The transportation company reported $3.51 earnings per share for the quarter, beating analysts’ consensus estimates of $3.38 by $0.13. The business had revenue of $956.49 million during the quarter, compared to analyst estimates of $956.20 million. Saia had a return on equity of 10.21% and a net margin of 8.19%.The company’s revenue was up 17.1% on a year-over-year basis. During the same quarter last year, the business posted $2.67 EPS. Research analysts expect that Saia will post 11.43 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SAIA. Norges Bank purchased a new stake in Saia during the 4th quarter worth approximately $130,411,000. Jupiter Topco LLC acquired a new position in shares of Saia during the second quarter valued at approximately $140,979,000. William Blair Investment Management LLC purchased a new position in shares of Saia in the second quarter valued at approximately $109,089,000. Capital Research Global Investors purchased a new position in shares of Saia in the fourth quarter valued at approximately $57,479,000. Finally, BlackRock Inc. increased its position in shares of Saia by 6.6% during the second quarter. BlackRock Inc. now owns 2,545,731 shares of the transportation company’s stock worth $1,072,160,000 after purchasing an additional 156,628 shares in the last quarter.

Saia Company Profile

Saia, Inc is a transportation and logistics company headquartered in Johns Creek, Georgia. Its primary business is less-than-truckload (LTL) freight transportation, serving shippers whose shipments do not require a full truck. Through its Saia LTL Freight subsidiary, the company provides regional and interregional freight services, including standard, expedited and time-definite delivery options.

Saia also provides third-party logistics services through Saia Logistics Services. These offerings can include the coordination of truckload, LTL, intermodal and other transportation solutions, allowing customers to manage a broader range of shipping needs through one provider.

The company traces its history to 1924, when it began operations in Louisiana.