Saia (NASDAQ:SAIA) Price Target Raised to $566.00

Saia (NASDAQ:SAIA) had its price target boosted by JPMorgan Chase & Co. from $499.00 to $566.00 in a research report report published on Friday,Benzinga reports. They currently have an overweight rating on the transportation company’s stock.

SAIA has been the subject of several other research reports. Wells Fargo & Company upped their price objective on shares of Saia from $400.00 to $410.00 and gave the company an “equal weight” rating in a research note on Thursday, September 5th. Stephens boosted their price target on Saia from $481.00 to $515.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. Susquehanna increased their price objective on Saia from $550.00 to $585.00 and gave the stock a “positive” rating in a research report on Wednesday, September 18th. Benchmark restated a “buy” rating and set a $480.00 price target on shares of Saia in a research note on Thursday, September 19th. Finally, Bank of America upped their price objective on shares of Saia from $443.00 to $460.00 and gave the stock a “buy” rating in a research report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $510.59.

Saia Stock Down 0.2 %

Shares of NASDAQ SAIA opened at $515.93 on Friday. The business’s fifty day simple moving average is $493.86 and its 200-day simple moving average is $451.07. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. The stock has a market cap of $13.72 billion, a P/E ratio of 36.85, a PEG ratio of 3.04 and a beta of 1.74. Saia has a 12-month low of $358.90 and a 12-month high of $628.34.

Saia (NASDAQ:SAIA) last issued its earnings results on Friday, October 25th. The transportation company reported $3.46 earnings per share for the quarter, missing the consensus estimate 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 last year, the business posted $3.67 EPS. Saia’s revenue was up 8.6% on a year-over-year basis. As a group, equities analysts predict that Saia will post 13.53 EPS for the current fiscal year.

Insider Transactions at Saia

In other news, EVP Rohit Lal sold 1,120 shares of Saia stock in a transaction on 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 owns 8,270 shares of the company’s stock, valued at $4,631,200. The trade was a 11.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.30% of the company’s stock.

Institutional Investors Weigh In On Saia

A number of large investors have recently added to or reduced their stakes in SAIA. American Century Companies Inc. lifted its holdings in shares of Saia by 347.3% in the second quarter. American Century Companies Inc. now owns 159,853 shares of the transportation company’s stock valued at $75,817,000 after purchasing an additional 124,117 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Saia by 64.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 250,626 shares of the transportation company’s stock worth $109,589,000 after acquiring an additional 98,383 shares during the last quarter. Wasatch Advisors LP boosted its stake in shares of Saia by 10.2% during the third quarter. Wasatch Advisors LP now owns 692,405 shares of the transportation company’s stock valued at $302,761,000 after acquiring an additional 64,351 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new stake in shares of Saia during the third quarter valued at $22,979,000. Finally, International Assets Investment Management LLC increased its position in Saia by 43,625.8% during the 3rd quarter. International Assets Investment Management LLC now owns 38,916 shares of the transportation company’s stock worth $17,016,000 after purchasing an additional 38,827 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.