Saia (NASDAQ:SAIA) Price Target Raised to $529.00

Saia (NASDAQ:SAIA) had its price target raised by Stifel Nicolaus from $443.00 to $529.00 in a research note released on Thursday morning,Benzinga reports. They currently have a hold rating on the transportation company’s stock.

SAIA has been the topic of a number of other reports. JPMorgan Chase & Co. boosted their target price on shares of Saia from $499.00 to $566.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Wolfe Research upgraded Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 price target for the company in a report on Wednesday, October 9th. Susquehanna reaffirmed a “neutral” rating and issued a $530.00 price objective (down from $565.00) on shares of Saia in a research report on Tuesday, January 7th. Stephens raised their price target on Saia from $481.00 to $515.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Finally, Barclays dropped their price objective on shares of Saia from $620.00 to $600.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $527.65.

Saia Trading Down 1.4 %

NASDAQ:SAIA opened at $494.30 on Thursday. The company has a market cap of $13.14 billion, a P/E ratio of 35.31, a price-to-earnings-growth ratio of 2.38 and a beta of 1.79. Saia has a twelve month low of $358.90 and a twelve month high of $628.34. The business has a 50 day moving average price of $502.54 and a two-hundred day moving average price of $461.10. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.08.

Saia (NASDAQ:SAIA) last released its earnings results on Friday, October 25th. The transportation company reported $3.46 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $839.82 million. During the same period last year, the business posted $3.67 EPS. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, analysts expect that Saia will post 13.47 EPS for the current fiscal year.

Insider Activity at Saia

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

Institutional Investors Weigh In On Saia

Institutional investors have recently modified their holdings of the company. Mercer Global Advisors Inc. ADV lifted its stake in shares of Saia by 21.6% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 1,025 shares of the transportation company’s stock valued at $486,000 after purchasing an additional 182 shares during the period. Intech Investment Management LLC acquired a new stake in shares of Saia during the 2nd quarter worth approximately $689,000. Pacer Advisors Inc. lifted its position in shares of Saia by 5.1% during the 2nd quarter. Pacer Advisors Inc. now owns 5,257 shares of the transportation company’s stock valued at $2,493,000 after acquiring an additional 254 shares during the period. Ensign Peak Advisors Inc raised its stake in Saia by 2.8% during the 2nd quarter. Ensign Peak Advisors Inc now owns 10,161 shares of the transportation company’s stock worth $4,819,000 after buying an additional 275 shares during the period. Finally, Evergreen Capital Management LLC increased its holdings in shares of Saia by 21.5% during the second quarter. Evergreen Capital Management LLC now owns 763 shares of the transportation company’s stock valued at $362,000 after acquiring an additional 135 shares in 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.