Saia (NASDAQ:SAIA) Price Target Raised to $604.00

Saia (NASDAQ:SAIA) had its target price lifted by Raymond James from $565.00 to $604.00 in a report issued on Monday, Benzinga reports. The brokerage currently has an outperform rating on the transportation company’s stock.

SAIA has been the subject of several other research reports. JPMorgan Chase & Co. assumed coverage on shares of Saia in a research report on Monday, March 11th. They issued an overweight rating and a $676.00 price objective for the company. Susquehanna increased their price objective on shares of Saia from $500.00 to $625.00 and gave the stock a positive rating in a research report on Thursday, February 8th. BMO Capital Markets increased their price objective on shares of Saia from $450.00 to $515.00 and gave the stock a market perform rating in a research report on Monday, February 5th. Wolfe Research lowered shares of Saia from an outperform rating to a peer perform rating in a research report on Thursday, April 11th. Finally, The Goldman Sachs Group increased their price objective on shares of Saia from $504.00 to $567.00 and gave the stock a neutral rating in a research report on Thursday, April 11th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of $500.84.

Saia Stock Performance

Shares of SAIA stock opened at $541.29 on Monday. Saia has a one year low of $244.69 and a one year high of $628.34. The company has a 50 day moving average price of $574.16 and a 200 day moving average price of $474.02. The firm has a market capitalization of $14.39 billion, a price-to-earnings ratio of 40.79, a price-to-earnings-growth ratio of 1.87 and a beta of 1.62.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Friday, February 2nd. The transportation company reported $3.33 EPS for the quarter, topping the consensus estimate of $3.20 by $0.13. Saia had a net margin of 12.31% and a return on equity of 19.75%. The firm had revenue of $751.10 million during the quarter, compared to analyst estimates of $745.48 million. During the same quarter in the prior year, the business posted $2.65 earnings per share. Saia’s revenue for the quarter was up 14.5% compared to the same quarter last year. As a group, equities analysts forecast that Saia will post 16.13 EPS for the current fiscal year.

Insider Buying and Selling at Saia

In other Saia news, VP Rohit Lal sold 2,870 shares of the stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $536.55, for a total transaction of $1,539,898.50. Following the transaction, the vice president now directly owns 8,482 shares in the company, valued at approximately $4,551,017.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Saia news, VP Rohit Lal sold 2,870 shares of the stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $536.55, for a total transaction of $1,539,898.50. Following the transaction, the vice president now directly owns 8,482 shares in the company, valued at approximately $4,551,017.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Raymond R. Ramu sold 1,943 shares of the stock in a transaction on Friday, February 9th. The shares were sold at an average price of $565.83, for a total transaction of $1,099,407.69. Following the transaction, the vice president now owns 4,447 shares in the company, valued at $2,516,246.01. The disclosure for this sale can be found here. Insiders have sold 27,699 shares of company stock worth $14,966,813 in the last ninety days. 0.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SAIA. Contravisory Investment Management Inc. bought a new position in shares of Saia in the 4th quarter worth about $26,000. Pineridge Advisors LLC bought a new position in shares of Saia in the 4th quarter worth about $26,000. KB Financial Partners LLC bought a new position in shares of Saia in the 1st quarter worth about $28,000. Core Wealth Advisors Inc. bought a new position in shares of Saia in the 4th quarter worth about $32,000. Finally, Rise Advisors LLC bought a new position in shares of Saia in the 1st quarter worth about $40,000.

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.