Saia (NASDAQ:SAIA) Price Target Raised to $560.00

Saia (NASDAQ:SAIA) had its target price increased by Jefferies Financial Group from $525.00 to $560.00 in a research report report published on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the transportation company’s stock.

Several other equities research analysts also recently issued reports on the stock. Citigroup lowered their price objective on shares of Saia from $651.00 to $644.00 and set a “buy” rating for the company in a research report on Wednesday, December 4th. Evercore ISI dropped their price target on Saia from $503.00 to $488.00 and set an “outperform” rating on the stock in a research note on Thursday, October 3rd. Barclays upped their price objective on Saia from $515.00 to $620.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Susquehanna restated a “neutral” rating and issued a $530.00 target price (down previously from $565.00) on shares of Saia in a research note on Tuesday. Finally, Stephens raised their price target on shares of Saia from $481.00 to $515.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, Saia presently has an average rating of “Moderate Buy” and a consensus target price of $515.18.

Saia Price Performance

Shares of SAIA stock opened at $450.66 on Friday. 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 has a 12-month low of $358.90 and a 12-month high of $628.34. The firm has a fifty day moving average of $512.51 and a 200-day moving average of $459.56. The firm has a market capitalization of $11.99 billion, a price-to-earnings ratio of 32.19, a price-to-earnings-growth ratio of 2.96 and a beta of 1.79.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Friday, October 25th. The transportation company reported $3.46 EPS for the quarter, missing analysts’ consensus estimates of $3.53 by ($0.07). Saia had a return on equity of 18.00% and a net margin of 11.83%. The business had revenue of $842.10 million for the quarter, compared to analyst estimates of $839.82 million. During the same period in the prior year, the business earned $3.67 EPS. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, equities research analysts forecast that Saia will post 13.51 earnings per share for the current year.

Insider Buying and Selling at Saia

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 transaction, the executive vice president now owns 8,270 shares in the company, valued at approximately $4,631,200. This represents a 11.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.30% of the company’s stock.

Institutional Investors Weigh In On Saia

A number of institutional investors have recently made changes to their positions in the company. CIBC Asset Management Inc increased its stake in shares of Saia by 3.5% during the third quarter. CIBC Asset Management Inc now owns 770 shares of the transportation company’s stock worth $337,000 after purchasing an additional 26 shares during the period. Legacy Wealth Asset Management LLC boosted its position in shares of Saia by 4.1% in the third quarter. Legacy Wealth Asset Management LLC now owns 770 shares of the transportation company’s stock valued at $337,000 after acquiring an additional 30 shares during the period. Cim LLC boosted its position in shares of Saia by 7.6% in the second quarter. Cim LLC now owns 594 shares of the transportation company’s stock valued at $282,000 after acquiring an additional 42 shares during the period. Janney Montgomery Scott LLC increased its position in Saia by 0.4% during the third quarter. Janney Montgomery Scott LLC now owns 15,397 shares of the transportation company’s stock worth $6,732,000 after acquiring an additional 59 shares during the period. Finally, Avior Wealth Management LLC increased its position in Saia by 6.0% during the third quarter. Avior Wealth Management LLC now owns 1,134 shares of the transportation company’s stock worth $496,000 after acquiring an additional 64 shares during the period.

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.