Analysts Set Saia, Inc. (NASDAQ:SAIA) Price Target at $514.88

Saia, Inc. (NASDAQ:SAIA) has received a consensus rating of “Moderate Buy” from the seventeen analysts that are presently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $514.88.

A number of research firms have recently weighed in on SAIA. Wells Fargo & Company increased their target price on shares of Saia from $400.00 to $410.00 and gave the stock an “equal weight” rating in a report on Thursday, September 5th. Evercore ISI dropped their price objective on Saia from $503.00 to $488.00 and set an “outperform” rating for the company in a report on Thursday, October 3rd. TD Cowen boosted their target price on Saia from $416.00 to $418.00 and gave the company a “hold” rating in a research note on Thursday, September 5th. JPMorgan Chase & Co. upped their target price on Saia from $499.00 to $566.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Finally, Bank of America lifted their price target on shares of Saia from $443.00 to $460.00 and gave the company a “buy” rating in a report on Thursday, September 5th.

Saia Stock Performance

Shares of SAIA stock opened at $455.73 on Friday. The company has a market capitalization of $12.12 billion, a P/E ratio of 32.55, a PEG ratio of 2.96 and a beta of 1.74. Saia has a fifty-two week low of $358.90 and a fifty-two week high of $628.34. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a 50 day moving average price of $513.17 and a two-hundred day moving average price of $459.58.

Saia (NASDAQ:SAIA) last posted 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). The firm had revenue of $842.10 million for the quarter, compared to the consensus estimate of $839.82 million. Saia had a net margin of 11.83% and a return on equity of 18.00%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.67 earnings per share. Analysts expect that Saia will post 13.51 earnings per share for the current year.

Insider Activity

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 $4,631,200. The trade was a 11.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.30% of the company’s stock.

Institutional Trading of Saia

A number of institutional investors and hedge funds have recently bought and sold shares of SAIA. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Saia by 2.6% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 869,859 shares of the transportation company’s stock valued at $412,566,000 after buying an additional 22,143 shares during the last quarter. State Street Corp boosted its stake in Saia by 3.1% during the 3rd quarter. State Street Corp now owns 805,597 shares of the transportation company’s stock valued at $352,255,000 after purchasing an additional 24,351 shares during the last quarter. Wasatch Advisors LP boosted its stake in Saia by 10.2% during the 3rd quarter. Wasatch Advisors LP now owns 692,405 shares of the transportation company’s stock valued at $302,761,000 after purchasing an additional 64,351 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Saia by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 471,667 shares of the transportation company’s stock worth $206,292,000 after purchasing an additional 6,456 shares in the last quarter. Finally, Westfield Capital Management Co. LP raised its stake in shares of Saia by 11.8% in the third quarter. Westfield Capital Management Co. LP now owns 303,582 shares of the transportation company’s stock worth $132,744,000 after purchasing an additional 31,991 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.