UBS Group Has Lowered Expectations for Saia (NASDAQ:SAIA) Stock Price

Saia (NASDAQ:SAIA) had its price objective lowered by equities research analysts at UBS Group from $504.00 to $430.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has a “buy” rating on the transportation company’s stock. UBS Group‘s price objective points to a potential upside of 24.78% from the company’s previous close.

SAIA has been the subject of a number of other research reports. Barclays lowered their price target on Saia from $500.00 to $475.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. TD Cowen reduced their price objective on Saia from $400.00 to $393.00 and set a “hold” rating on the stock in a research note on Friday. Morgan Stanley reduced their price objective on Saia from $295.00 to $285.00 and set an “underweight” rating on the stock in a research note on Friday, July 31st. Susquehanna decreased their target price on Saia from $412.00 to $360.00 and set a “neutral” rating for the company in a report on Friday, October 2nd. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $476.00 target price on shares of Saia in a research report on Thursday, July 30th. Fourteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $432.26.

Saia Price Performance

Shares of NASDAQ SAIA opened at $344.61 on Friday. Saia has a 52-week low of $249.32 and a 52-week high of $494.71. The firm has a fifty day moving average of $342.03 and a 200-day moving average of $387.51. The stock has a market capitalization of $9.19 billion, a PE ratio of 32.66, a P/E/G ratio of 2.62 and a beta of 2.09. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.04.

Saia (NASDAQ:SAIA) last issued its earnings results on Thursday, October 29th. The transportation company reported $3.41 earnings per share for the quarter, topping the consensus estimate of $3.30 by $0.11. Saia had a return on equity of 10.53% and a net margin of 8.01%. The business had revenue of $982.45 million for the quarter, compared to analyst estimates of $966.98 million. During the same period last year, the company posted $2.81 EPS. The business’s quarterly revenue was up 17.0% on a year-over-year basis. On average, analysts anticipate that Saia will post 11.49 EPS for the current year.

Institutional Trading of Saia

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Chicago Partners Investment Group LLC acquired a new stake in shares of Saia in the 3rd quarter valued at about $302,000. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its position in shares of Saia by 83.7% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 3,160 shares of the transportation company’s stock worth $1,055,000 after purchasing an additional 1,440 shares during the last quarter. Verdence Capital Advisors LLC bought a new position in shares of Saia during the third quarter worth about $217,000. Signaturefd LLC grew its stake in Saia by 117.2% in the third quarter. Signaturefd LLC now owns 252 shares of the transportation company’s stock worth $84,000 after purchasing an additional 136 shares in the last quarter. Finally, Tectonic Advisors LLC grew its stake in Saia by 118.7% in the third quarter. Tectonic Advisors LLC now owns 7,243 shares of the transportation company’s stock worth $2,417,000 after purchasing an additional 3,931 shares in the last quarter.

Saia Company Profile

Saia, Inc is a transportation and logistics company headquartered in Johns Creek, Georgia. Through its primary subsidiary, Saia LTL Freight, the company provides less-than-truckload transportation, moving palletized and other freight shipments that do not require a full trailer. Its services include standard and time-definite delivery, expedited transportation, guaranteed services, and shipment tracking.

Saia also provides non-asset-based logistics services through Saia Logistics Services, which helps customers arrange freight transportation using third-party carriers.