Susquehanna Raises Saia (NASDAQ:SAIA) Price Target to $540.00

Saia (NASDAQ:SAIA) had its target price hoisted by research analysts at Susquehanna from $530.00 to $540.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the transportation company’s stock. Susquehanna’s target price would suggest a potential upside of 7.35% from the stock’s current price.

Several other analysts have also issued reports on the stock. Wolfe Research upgraded shares of Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 price objective on the stock in a report on Wednesday, October 9th. Jefferies Financial Group upped their target price on shares of Saia from $525.00 to $560.00 and gave the company a “buy” rating in a research report on Friday, January 10th. JPMorgan Chase & Co. decreased their target price on shares of Saia from $566.00 to $558.00 and set an “overweight” rating on the stock in a research report on Tuesday. Stifel Nicolaus increased their price target on shares of Saia from $443.00 to $529.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company reduced their price target on shares of Saia from $550.00 to $510.00 and set an “equal weight” rating on the stock in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $530.41.

Saia Stock Up 5.0 %

Shares of NASDAQ SAIA opened at $503.01 on Tuesday. The company has a 50-day moving average of $493.78 and a 200 day moving average of $461.92. Saia has a 12-month low of $358.90 and a 12-month high of $628.34. 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 $13.38 billion, a PE ratio of 35.93, a P/E/G ratio of 2.31 and a beta of 1.79.

Saia (NASDAQ:SAIA) last released its quarterly earnings data on Friday, February 7th. The transportation company reported $2.84 EPS for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.03). The business had revenue of $789.00 million during the quarter, compared to analyst estimates of $794.69 million. Saia had a net margin of 11.83% and a return on equity of 18.00%. The company’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.33 earnings per share. As a group, sell-side analysts predict that Saia will post 13.47 EPS for the current fiscal year.

Insider Buying and Selling at Saia

In other Saia news, EVP Rohit Lal sold 1,120 shares of the 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 transaction, the executive vice president now directly owns 8,270 shares in the company, valued at $4,631,200. This represents a 11.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Saia

Several hedge funds have recently added to or reduced their stakes in SAIA. Sanctuary Advisors LLC purchased a new position in shares of Saia during the second quarter worth approximately $2,227,000. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Saia by 920.7% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,450 shares of the transportation company’s stock worth $1,636,000 after acquiring an additional 3,112 shares during the last quarter. Handelsbanken Fonder AB grew its position in shares of Saia by 2.9% during the third quarter. Handelsbanken Fonder AB now owns 7,058 shares of the transportation company’s stock worth $3,086,000 after acquiring an additional 200 shares during the last quarter. Fulton Bank N.A. grew its position in shares of Saia by 10.6% during the third quarter. Fulton Bank N.A. now owns 1,588 shares of the transportation company’s stock worth $694,000 after acquiring an additional 152 shares during the last quarter. Finally, Tobam purchased a new position in shares of Saia during the third quarter worth approximately $100,000.

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.