JPMorgan Chase & Co. Issues Positive Forecast for Saia (NASDAQ:SAIA) Stock Price

Saia (NASDAQ:SAIA) had its price objective upped by stock analysts at JPMorgan Chase & Co. from $349.00 to $365.00 in a report released on Monday,Benzinga reports. The firm presently has an “overweight” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential downside of 0.93% from the company’s current price.

A number of other equities research analysts have also recently issued reports on the stock. Rothschild & Co Redburn started coverage on shares of Saia in a research note on Wednesday, November 26th. They issued a “neutral” rating and a $262.00 price objective for the company. Cowen restated a “hold” rating on shares of Saia in a research report on Friday. Stephens raised Saia from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $308.00 to $414.00 in a research note on Tuesday, January 6th. Susquehanna boosted their target price on Saia from $350.00 to $390.00 and gave the company a “positive” rating in a research note on Monday, January 5th. Finally, Wells Fargo & Company dropped their target price on Saia from $365.00 to $330.00 and set an “equal weight” rating for the company in a report on Monday, October 6th. Eleven equities research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $340.05.

Saia Price Performance

Shares of SAIA traded up $1.47 during midday trading on Monday, reaching $368.43. The stock had a trading volume of 116,458 shares, compared to its average volume of 431,317. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $9.81 billion, a price-to-earnings ratio of 34.82 and a beta of 2.09. The company’s 50-day moving average is $310.97 and its 200 day moving average is $303.87. Saia has a 12-month low of $229.12 and a 12-month high of $538.03.

Saia (NASDAQ:SAIA) last released its earnings results on Thursday, October 30th. The transportation company reported $2.81 earnings per share for the quarter, topping analysts’ consensus estimates of $2.53 by $0.28. Saia had a return on equity of 11.32% and a net margin of 8.77%.The company had revenue of $839.64 million during the quarter, compared to the consensus estimate of $824.06 million. During the same quarter in the previous year, the company posted $3.46 EPS. Saia’s quarterly revenue was down .3% compared to the same quarter last year. On average, equities analysts predict that Saia will post 15.46 EPS for the current fiscal year.

Insider Activity

In other Saia news, Director Donna E. Epps acquired 422 shares of the company’s stock in a transaction on Wednesday, November 26th. The stock was acquired at an average price of $277.60 per share, for a total transaction of $117,147.20. Following the acquisition, the director owned 1,852 shares in the company, valued at $514,115.20. This represents a 29.51% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Raymond R. Ramu sold 1,000 shares of Saia stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $266.57, for a total value of $266,570.00. Following the completion of the sale, the vice president owned 4,902 shares in the company, valued at approximately $1,306,726.14. This represents a 16.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.30% of the stock is owned by company insiders.

Institutional Trading of Saia

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Parkside Financial Bank & Trust boosted its holdings in Saia by 177.5% in the second quarter. Parkside Financial Bank & Trust now owns 111 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 71 shares in the last quarter. State of Wyoming purchased a new stake in shares of Saia in the 3rd quarter worth about $30,000. AlphaQuest LLC bought a new stake in shares of Saia during the 2nd quarter valued at about $41,000. Allworth Financial LP increased its position in shares of Saia by 69.0% during the third quarter. Allworth Financial LP now owns 142 shares of the transportation company’s stock valued at $43,000 after buying an additional 58 shares during the period. Finally, Blue Trust Inc. raised its stake in Saia by 52.9% in the second quarter. Blue Trust Inc. now owns 208 shares of the transportation company’s stock worth $57,000 after buying an additional 72 shares in the last quarter.

About Saia

Saia, Inc is a publicly traded transportation company specializing in less-than-truckload (LTL) freight services across North America. Headquartered in Johns Creek, Georgia, the company focuses on the efficient movement of time-sensitive freight for a diverse customer base that spans retail, manufacturing, automotive, and healthcare industries. By leveraging a network of terminals and service centers, Saia provides tailored solutions designed to optimize supply chain performance.

The company’s core offerings include regional, interregional, and national LTL shipping, supported by volumetric LTL and port intermodal services.