Jefferies Financial Group Increases Saia (NASDAQ:SAIA) Price Target to $560.00

Saia (NASDAQ:SAIA) had its target price hoisted by stock analysts at Jefferies Financial Group from $525.00 to $560.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the transportation company’s stock. Jefferies Financial Group’s price objective would suggest a potential upside of 24.26% from the stock’s current price.

SAIA has been the subject of several other reports. Evercore ISI reduced their price objective on Saia from $503.00 to $488.00 and set an “outperform” rating for the company in a research note on Thursday, October 3rd. Wolfe Research raised shares of Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 price target on the stock in a research note on Wednesday, October 9th. Barclays boosted their price target on shares of Saia from $515.00 to $620.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Citigroup cut their price objective on shares of Saia from $651.00 to $644.00 and set a “buy” rating for the company in a report on Wednesday, December 4th. Finally, Benchmark restated a “buy” rating and set a $480.00 target price on shares of Saia in a report on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $515.18.

Saia Stock Performance

SAIA opened at $450.66 on Friday. The company has a market cap of $11.99 billion, a price-to-earnings ratio of 32.19, a PEG ratio of 2.96 and a beta of 1.79. The firm’s fifty day simple moving average is $511.91 and its two-hundred day simple moving average is $459.39. 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 52-week low of $358.90 and a 52-week high of $628.34.

Saia (NASDAQ:SAIA) last issued its quarterly 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 company had revenue of $842.10 million during the quarter, compared to analysts’ expectations of $839.82 million. During the same period in the prior year, the business posted $3.67 earnings per share. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. Equities analysts anticipate that Saia will post 13.51 earnings per share for the current fiscal year.

Insider Activity at Saia

In related news, EVP Rohit Lal sold 1,120 shares of Saia stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $560.00, for a total value of $627,200.00. Following the completion of the transaction, the executive vice president now owns 8,270 shares in the company, valued at approximately $4,631,200. The trade was a 11.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.30% of the stock is owned by insiders.

Institutional Trading of Saia

Several hedge funds have recently modified their holdings of the stock. CIBC Asset Management Inc raised its position in Saia by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 770 shares of the transportation company’s stock valued at $337,000 after purchasing an additional 26 shares in the last quarter. Legacy Wealth Asset Management LLC raised its holdings in 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 in the last quarter. Cim LLC lifted its stake in Saia by 7.6% in the second quarter. Cim LLC now owns 594 shares of the transportation company’s stock worth $282,000 after acquiring an additional 42 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in Saia by 0.4% during the 3rd 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 in the last quarter. Finally, Avior Wealth Management LLC increased its position in shares of Saia by 6.0% in the 3rd quarter. Avior Wealth Management LLC now owns 1,134 shares of the transportation company’s stock valued at $496,000 after purchasing an additional 64 shares during 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.