Saia (SAIA) Given New $75.00 Price Target at KeyCorp

Saia (NASDAQ:SAIA) had its target price decreased by investment analysts at KeyCorp from $80.00 to $75.00 in a research note issued to investors on Thursday, January 3rd, The Fly reports. The brokerage currently has an “overweight” rating on the transportation company’s stock. KeyCorp’s price objective indicates a potential upside of 32.56% from the company’s previous close. KeyCorp also issued estimates for Saia’s Q1 2019 earnings at $0.95 EPS, Q2 2019 earnings at $1.37 EPS, Q3 2019 earnings at $1.26 EPS, Q4 2019 earnings at $1.07 EPS and FY2020 earnings at $5.25 EPS.

A number of other research analysts also recently issued reports on SAIA. BidaskClub downgraded shares of Saia from a “hold” rating to a “sell” rating in a research report on Tuesday, September 25th. ValuEngine cut Saia from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd. Zacks Investment Research cut Saia from a “buy” rating to a “hold” rating in a research note on Friday, October 5th. Morgan Stanley increased their target price on Saia from $57.00 to $59.00 and gave the stock a “sell” rating in a research note on Tuesday, October 9th. Finally, Buckingham Research decreased their price target on shares of Saia from $93.00 to $88.00 and set a “buy” rating for the company in a research note on Friday, October 12th. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $72.60.

SAIA opened at $56.58 on Thursday. The stock has a market capitalization of $1.47 billion, a PE ratio of 25.84 and a beta of 1.00. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.07 and a current ratio of 1.07. Saia has a twelve month low of $52.04 and a twelve month high of $87.05.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Wednesday, October 31st. The transportation company reported $1.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.03. Saia had a net margin of 7.96% and a return on equity of 14.85%. The business had revenue of $425.60 million for the quarter, compared to the consensus estimate of $417.70 million. During the same quarter in the prior year, the company earned $0.55 EPS. The firm’s quarterly revenue was up 19.2% on a year-over-year basis. Analysts expect that Saia will post 3.89 earnings per share for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in Saia by 3.2% during the 3rd quarter. BlackRock Inc. now owns 3,674,683 shares of the transportation company’s stock valued at $280,930,000 after purchasing an additional 112,912 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Saia by 29.8% during the 3rd quarter. Vanguard Group Inc. now owns 2,577,696 shares of the transportation company’s stock valued at $197,065,000 after purchasing an additional 592,115 shares during the last quarter. Vanguard Group Inc lifted its holdings in Saia by 29.8% during the 3rd quarter. Vanguard Group Inc now owns 2,577,696 shares of the transportation company’s stock valued at $197,065,000 after purchasing an additional 592,115 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in Saia by 26.1% during the 3rd quarter. Alliancebernstein L.P. now owns 1,231,032 shares of the transportation company’s stock valued at $94,112,000 after purchasing an additional 254,610 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in Saia by 22.6% during the 3rd quarter. Wells Fargo & Company MN now owns 837,939 shares of the transportation company’s stock valued at $64,060,000 after purchasing an additional 154,668 shares during the last quarter. 99.39% of the stock is owned by institutional investors.

Saia Company Profile

Saia, Inc, through its wholly-owned 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; truckload services; and other value-added services, including non-asset truckload, expedited, and logistics services.

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