Saia (NASDAQ:SAIA) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Saia (NASDAQ:SAIA) had its price target upped by The Goldman Sachs Group from $492.00 to $563.00 in a research note released on Thursday,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the transportation company’s stock.

Several other equities analysts have also weighed in on the stock. TD Cowen lifted their target price on shares of Saia from $416.00 to $418.00 and gave the company a “hold” rating in a report on Thursday, September 5th. Citigroup lowered their target price on Saia from $651.00 to $644.00 and set a “buy” rating for the company in a research note on Wednesday, December 4th. Jefferies Financial Group boosted their price target on Saia from $480.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Evercore ISI dropped their price objective on shares of Saia from $503.00 to $488.00 and set an “outperform” rating on the stock in a research note on Thursday, October 3rd. Finally, JPMorgan Chase & Co. upped their target price on shares of Saia from $499.00 to $566.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $514.88.

Saia Trading Up 0.9 %

SAIA stock opened at $528.65 on Thursday. Saia has a 52 week low of $358.90 and a 52 week high of $628.34. The company has a market cap of $14.06 billion, a price-to-earnings ratio of 37.76, a PEG ratio of 2.92 and a beta of 1.74. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.08. The business has a fifty day simple moving average of $503.01 and a 200-day simple moving average of $455.16.

Saia (NASDAQ:SAIA) last released its quarterly earnings data on Friday, October 25th. The transportation company reported $3.46 earnings per share for the quarter, missing the consensus estimate of $3.53 by ($0.07). The firm had revenue of $842.10 million during the quarter, compared to analyst estimates of $839.82 million. Saia had a net margin of 11.83% and a return on equity of 18.00%. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm earned $3.67 earnings per share. On average, equities research analysts expect that Saia will post 13.52 EPS for the current year.

Insider Activity

In other Saia news, EVP Rohit Lal sold 1,120 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $560.00, for a total transaction of $627,200.00. Following the completion of the sale, the executive vice president now owns 8,270 shares in the company, valued at $4,631,200. The trade was a 11.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Blue Trust Inc. raised its stake in Saia by 161.5% during the second quarter. Blue Trust Inc. now owns 68 shares of the transportation company’s stock worth $32,000 after acquiring an additional 42 shares during the period. Paladin Wealth LLC acquired a new stake in shares of Saia during the 3rd quarter worth approximately $40,000. Quarry LP bought a new stake in shares of Saia in the 2nd quarter worth approximately $41,000. International Assets Investment Management LLC acquired a new position in Saia during the 2nd quarter valued at approximately $42,000. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in Saia by 754.5% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 94 shares of the transportation company’s stock worth $45,000 after buying an additional 83 shares during the last quarter.

About Saia

Saia, Inc, together with its subsidiaries, operates as a transportation company in North America. The company provides 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. It also offers other value-added services, including non-asset truckload, expedited, and logistics services.