Saia (NASDAQ:SAIA) Given New $443.00 Price Target at Stifel Nicolaus

Saia (NASDAQ:SAIA) had its target price boosted by equities research analysts at Stifel Nicolaus from $440.00 to $443.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “hold” rating on the transportation company’s stock. Stifel Nicolaus’ price target suggests a potential downside of 10.15% from the company’s previous close.

Several other research analysts have also commented on the company. Stephens lifted their price target on Saia from $481.00 to $515.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Benchmark reissued a “buy” rating and set a $480.00 target price on shares of Saia in a research report on Thursday, September 19th. BMO Capital Markets increased their price target on Saia from $465.00 to $495.00 and gave the company a “market perform” rating in a report on Monday, October 28th. JPMorgan Chase & Co. lifted their price objective on shares of Saia from $499.00 to $566.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. Finally, Citigroup reduced their target price on shares of Saia from $651.00 to $644.00 and set a “buy” rating on the stock in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $523.76.

Saia Stock Up 1.8 %

NASDAQ SAIA opened at $493.04 on Wednesday. The stock has a 50 day moving average price of $508.13 and a 200-day moving average price of $459.77. Saia has a one year low of $358.90 and a one year high of $628.34. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market capitalization of $13.11 billion, a P/E ratio of 35.22, a P/E/G ratio of 2.12 and a beta of 1.79.

Saia (NASDAQ:SAIA) last released its quarterly earnings data on Friday, October 25th. The transportation company reported $3.46 EPS for the quarter, missing the consensus estimate of $3.53 by ($0.07). Saia had a net margin of 11.83% and a return on equity of 18.00%. The business had revenue of $842.10 million for the quarter, compared to the consensus estimate of $839.82 million. During the same quarter last year, the business earned $3.67 EPS. Saia’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, equities analysts predict that Saia will post 13.49 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Rohit Lal sold 1,120 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $560.00, for a total value of $627,200.00. Following the completion of the sale, the executive vice president now directly owns 8,270 shares of the company’s stock, valued at $4,631,200. This represents a 11.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Saia

Large investors have recently modified their holdings of the business. Quarry LP purchased a new position in Saia during the second quarter valued at approximately $41,000. Paladin Wealth LLC bought a new stake in Saia during the 3rd quarter valued at $40,000. Tobam purchased a new position in shares of Saia in the 3rd quarter valued at $100,000. Blue Trust Inc. raised its position in shares of Saia by 319.1% in the 3rd quarter. Blue Trust Inc. now owns 285 shares of the transportation company’s stock worth $135,000 after acquiring an additional 217 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Saia by 148.0% during the 4th quarter. GAMMA Investing LLC now owns 367 shares of the transportation company’s stock worth $167,000 after purchasing an additional 219 shares during the last quarter.

Saia Company Profile

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.