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

Saia (NASDAQ:SAIA) had its target price reduced by The Goldman Sachs Group from $510.00 to $490.00 in a report published on Wednesday morning, Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the transportation company’s stock.

A number of other equities analysts have also commented on SAIA. Benchmark reaffirmed a buy rating and issued a $480.00 price objective on shares of Saia in a research note on Thursday, September 19th. Susquehanna lifted their price objective on Saia from $550.00 to $585.00 and gave the stock a positive rating in a research note on Wednesday, September 18th. TD Cowen lifted their price objective on Saia from $416.00 to $418.00 and gave the stock a hold rating in a research note on Thursday, September 5th. BMO Capital Markets cut their price objective on Saia from $500.00 to $480.00 and set a market perform rating on the stock in a research note on Monday, July 29th. Finally, Barclays cut their price objective on Saia from $575.00 to $515.00 and set an overweight rating on the stock in a research note on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $492.00.

Saia Stock Performance

Shares of SAIA stock opened at $463.37 on Wednesday. The business’s 50-day moving average price is $410.48 and its 200-day moving average price is $446.38. Saia has a 12 month low of $341.26 and a 12 month high of $628.34. The firm has a market capitalization of $12.32 billion, a price-to-earnings ratio of 33.58, a PEG ratio of 2.11 and a beta of 1.74. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.08.

Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Friday, July 26th. The transportation company reported $3.83 EPS for the quarter, missing analysts’ consensus estimates of $4.00 by ($0.17). Saia had a net margin of 12.26% and a return on equity of 19.14%. The firm had revenue of $823.24 million for the quarter, compared to analyst estimates of $821.60 million. Equities research analysts forecast that Saia will post 13.94 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Sequoia Financial Advisors LLC boosted its position in Saia by 8.5% in the first quarter. Sequoia Financial Advisors LLC now owns 546 shares of the transportation company’s stock worth $319,000 after purchasing an additional 43 shares during the last quarter. Ontario Teachers Pension Plan Board purchased a new position in shares of Saia during the 1st quarter valued at $2,953,000. Comerica Bank lifted its position in shares of Saia by 11.4% during the 4th quarter. Comerica Bank now owns 60,828 shares of the transportation company’s stock valued at $26,656,000 after buying an additional 6,244 shares during the last quarter. Norden Group LLC lifted its position in shares of Saia by 1,556.1% during the 1st quarter. Norden Group LLC now owns 26,299 shares of the transportation company’s stock valued at $15,385,000 after buying an additional 24,711 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its position in shares of Saia by 6.8% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 708,420 shares of the transportation company’s stock valued at $414,425,000 after buying an additional 45,155 shares during the last quarter.

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.