Saia (NASDAQ:SAIA) Given a $80.00 Price Target at Deutsche Bank

Deutsche Bank set a $80.00 price target on Saia (NASDAQ:SAIA) in a research note issued to investors on Thursday, Stock Target Advisor reports. The brokerage currently has a buy rating on the transportation company’s stock.

A number of other research firms have also recently commented on SAIA. BidaskClub raised shares of ZIOPHARM Oncology from a buy rating to a strong-buy rating in a research report on Monday, June 17th. Zacks Investment Research raised shares of DLH from a sell rating to a hold rating in a research report on Tuesday. Seaport Global Securities raised shares of Saia from a neutral rating to a buy rating in a research report on Wednesday, May 1st. Wolfe Research raised shares of Saia from a market perform rating to an outperform rating in a research report on Thursday, April 11th. Finally, Cowen reissued a hold rating on shares of PTC Therapeutics in a research report on Thursday, May 2nd. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company. Saia presently has a consensus rating of Hold and an average price target of $74.18.

NASDAQ:SAIA traded up $2.13 during midday trading on Thursday, reaching $64.98. 1,048 shares of the stock traded hands, compared to its average volume of 147,111. Saia has a 12-month low of $52.04 and a 12-month high of $83.75. The firm has a 50-day moving average price of $61.75. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market cap of $1.61 billion, a PE ratio of 16.37 and a beta of 1.10.

Saia (NASDAQ:SAIA) last posted its earnings results on Wednesday, May 1st. The transportation company reported $0.85 EPS for the quarter, missing the Zacks’ 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 firm had revenue of $410.60 million for the quarter, compared to analysts’ expectations of $410.25 million. During the same period in the previous year, the company earned $0.77 EPS. The company’s revenue was up 4.5% on a year-over-year basis. Equities analysts forecast that Saia will post 4.53 EPS for the current year.

In other Saia news, VP Paul C. Peck sold 1,265 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $68.00, for a total value of $86,020.00. Following the completion of the transaction, the vice president now owns 1,128 shares of the company’s stock, valued at $76,704. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.30% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. raised its holdings in shares of Saia by 1.0% in the fourth quarter. BlackRock Inc. now owns 3,711,230 shares of the transportation company’s stock worth $207,161,000 after buying an additional 36,547 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Saia by 18.5% in the first quarter. Janus Henderson Group PLC now owns 1,381,118 shares of the transportation company’s stock worth $84,386,000 after acquiring an additional 215,939 shares during the period. Wells Fargo & Company MN increased its stake in shares of Saia by 13.1% in the first quarter. Wells Fargo & Company MN now owns 899,004 shares of the transportation company’s stock worth $54,928,000 after acquiring an additional 103,973 shares during the period. Victory Capital Management Inc. increased its stake in shares of Saia by 1.8% in the first quarter. Victory Capital Management Inc. now owns 836,546 shares of the transportation company’s stock worth $51,113,000 after acquiring an additional 14,784 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of Saia by 7.1% in the first quarter. JPMorgan Chase & Co. now owns 816,274 shares of the transportation company’s stock worth $49,874,000 after acquiring an additional 54,050 shares during the period.

About Saia

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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