Deutsche Bank Analysts Give Saia (NASDAQ:SAIA) a $80.00 Price Target

Deutsche Bank set a $80.00 price objective on Saia (NASDAQ:SAIA) in a report released on Thursday, Stock Target Advisor reports. The firm currently has a buy rating on the transportation company’s stock.

Several other equities analysts also recently weighed in on SAIA. Cowen restated a hold rating on shares of PTC Therapeutics in a report on Thursday, May 2nd. Wolfe Research upgraded Saia from a market perform rating to an outperform rating in a report on Thursday, April 11th. Stephens set a $71.00 price target on Saia and gave the company a hold rating in a report on Thursday, May 2nd. Zacks Investment Research upgraded DLH from a sell rating to a hold rating in a report on Tuesday, July 9th. Finally, Mizuho started coverage on Merck & Co., Inc. in a report on Tuesday, July 2nd. They set a buy rating and a $97.00 price target for the company. Three analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $74.18.

SAIA opened at $65.44 on Thursday. The business has a fifty day moving average price of $61.78. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market capitalization of $1.69 billion, a P/E ratio of 16.20 and a beta of 1.10. Saia has a 12-month low of $52.04 and a 12-month high of $83.75.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Wednesday, May 1st. The transportation company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.05). Saia had a net margin of 6.35% and a return on equity of 15.59%. The company had revenue of $410.60 million for the quarter, compared to the consensus estimate of $410.25 million. During the same quarter in the previous year, the business earned $0.77 earnings per share. Saia’s revenue was up 4.5% compared to the same quarter last year. On average, sell-side analysts predict that Saia will post 4.51 EPS for the current fiscal year.

In related news, VP Paul C. Peck sold 1,265 shares of Saia stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $68.00, for a total value of $86,020.00. Following the completion of the sale, the vice president now directly owns 1,128 shares in the company, valued at approximately $76,704. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SAIA. WINTON GROUP Ltd bought a new stake in Saia during the 2nd quarter valued at approximately $207,000. Cortina Asset Management LLC raised its stake in Saia by 18.3% during the 2nd quarter. Cortina Asset Management LLC now owns 126,556 shares of the transportation company’s stock valued at $8,184,000 after purchasing an additional 19,593 shares during the period. Kennedy Capital Management Inc. bought a new stake in Saia during the 1st quarter valued at approximately $2,298,000. AlphaCrest Capital Management LLC bought a new stake in Saia during the 1st quarter valued at approximately $348,000. Finally, Wells Fargo & Company MN raised its stake in Saia by 13.1% during the 1st quarter. Wells Fargo & Company MN now owns 899,004 shares of the transportation company’s stock valued at $54,928,000 after purchasing an additional 103,973 shares during the period.

Saia Company Profile

Saia, Inc, through its subsidiaries, operates as a transportation company in North America. The company provides regional and interregional 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.

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Analyst Recommendations for Saia (NASDAQ:SAIA)

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