UBS Group Forecasts Strong Price Appreciation for Saia (NASDAQ:SAIA) Stock

Saia (NASDAQ:SAIA) had its price objective lifted by investment analysts at UBS Group from $493.00 to $527.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the transportation company’s stock. UBS Group’s price target points to a potential upside of 26.11% from the stock’s current price.

A number of other research analysts have also issued reports on the company. Citigroup lowered Saia from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $516.00 to $524.00 in a research report on Monday, June 15th. Susquehanna raised their price target on Saia from $425.00 to $465.00 and gave the company a “neutral” rating in a report on Tuesday, June 2nd. JPMorgan Chase & Co. lifted their price objective on shares of Saia from $465.00 to $490.00 and gave the company an “overweight” rating in a research note on Monday, June 8th. Raymond James Financial reaffirmed an “outperform” rating and issued a $477.00 price objective on shares of Saia in a report on Friday, May 1st. Finally, Jefferies Financial Group increased their target price on shares of Saia from $500.00 to $550.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Ten analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $460.50.

Saia Price Performance

Shares of NASDAQ:SAIA opened at $417.89 on Tuesday. The firm’s 50 day moving average is $449.69 and its two-hundred day moving average is $396.00. The firm has a market capitalization of $11.15 billion, a P/E ratio of 43.90, a PEG ratio of 1.99 and a beta of 2.13. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.04. Saia has a 52 week low of $249.32 and a 52 week high of $494.71.

Saia (NASDAQ:SAIA) last issued its quarterly earnings data on Thursday, April 30th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $0.04. Saia had a return on equity of 9.60% and a net margin of 7.84%.The business had revenue of $806.23 million during the quarter, compared to the consensus estimate of $789.08 million. During the same period in the previous year, the firm posted $1.86 earnings per share. The business’s revenue was up 2.4% on a year-over-year basis. Analysts anticipate that Saia will post 11.4 earnings per share for the current year.

Institutional Trading of Saia

Several institutional investors have recently modified their holdings of the company. Vestor Capital LLC boosted its stake in Saia by 9.5% during the fourth quarter. Vestor Capital LLC now owns 323 shares of the transportation company’s stock valued at $96,000 after buying an additional 28 shares in the last quarter. Parallel Advisors LLC raised its position in Saia by 5.8% in the fourth quarter. Parallel Advisors LLC now owns 563 shares of the transportation company’s stock worth $184,000 after acquiring an additional 31 shares in the last quarter. Wealth Alliance LLC raised its position in Saia by 5.1% in the first quarter. Wealth Alliance LLC now owns 763 shares of the transportation company’s stock worth $268,000 after acquiring an additional 37 shares in the last quarter. Boothbay Fund Management LLC lifted its holdings in Saia by 3.2% in the 2nd quarter. Boothbay Fund Management LLC now owns 1,401 shares of the transportation company’s stock valued at $384,000 after acquiring an additional 43 shares during the last quarter. Finally, Vident Advisory LLC lifted its holdings in Saia by 4.4% in the 2nd quarter. Vident Advisory LLC now owns 1,075 shares of the transportation company’s stock valued at $295,000 after acquiring an additional 45 shares during the last quarter.

Saia Company Profile

Saia, Inc is a publicly traded transportation company specializing in less-than-truckload (LTL) freight services across North America. Headquartered in Johns Creek, Georgia, the company focuses on the efficient movement of time-sensitive freight for a diverse customer base that spans retail, manufacturing, automotive, and healthcare industries. By leveraging a network of terminals and service centers, Saia provides tailored solutions designed to optimize supply chain performance.

The company’s core offerings include regional, interregional, and national LTL shipping, supported by volumetric LTL and port intermodal services.