Saia, Inc. (SAIA) PT Raised to $55.00 at Cowen and Company

Saia, Inc. (NASDAQ:SAIA) had its price target raised by research analysts at Cowen and Company from $50.00 to $55.00 in a research note issued on Monday. The firm presently has a “market perform” rating on the transportation company’s stock. Cowen and Company’s price target suggests a potential upside of 2.33% from the company’s current price.

A number of other equities analysts have also commented on SAIA. Zacks Investment Research lowered Saia from a “hold” rating to a “sell” rating in a report on Thursday, April 6th. BidaskClub lowered Saia from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $52.33.

Saia (SAIA) opened at 53.75 on Monday. The firm has a 50-day moving average price of $51.44 and a 200 day moving average price of $47.58. Saia has a one year low of $27.96 and a one year high of $58.00. The firm has a market capitalization of $1.36 billion, a PE ratio of 26.08 and a beta of 0.78.

Saia (NASDAQ:SAIA) last posted its quarterly earnings results on Friday, July 28th. The transportation company reported $0.68 EPS for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.06. Saia had a return on equity of 10.84% and a net margin of 4.12%. The firm had revenue of $358.20 million during the quarter, compared to analyst estimates of $348.53 million. During the same period last year, the company earned $0.52 earnings per share. The business’s revenue for the quarter was up 14.8% on a year-over-year basis. Analysts anticipate that Saia will post $2.17 EPS for the current fiscal year.

Large investors have recently modified their holdings of the company. State of Alaska Department of Revenue increased its stake in Saia by 2.9% in the first quarter. State of Alaska Department of Revenue now owns 2,810 shares of the transportation company’s stock worth $124,000 after buying an additional 80 shares during the last quarter. Mason Street Advisors LLC increased its stake in Saia by 8.7% in the first quarter. Mason Street Advisors LLC now owns 5,949 shares of the transportation company’s stock worth $264,000 after buying an additional 477 shares during the last quarter. Capstone Asset Management Co. increased its stake in Saia by 18.7% in the first quarter. Capstone Asset Management Co. now owns 6,807 shares of the transportation company’s stock worth $302,000 after buying an additional 1,074 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in Saia by 4.7% in the first quarter. BNP Paribas Arbitrage SA now owns 6,816 shares of the transportation company’s stock worth $302,000 after buying an additional 306 shares during the last quarter. Finally, Virginia Retirement Systems ET AL purchased a new stake in Saia during the first quarter worth $332,000. Institutional investors own 97.29% of the company’s stock.

About Saia

Saia, Inc is a transportation company. The Company provides regional and interregional less-than-truckload (LTL) services. The Company also offers a range of other value-added services, including non-asset truckload, expedited and logistics services across the United States. The Company’s subsidiary Saia Motor Freight Line, LLC (Saia LTL Freight) is a LTL carrier.