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

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

Other research analysts have also recently issued reports about the stock. Stephens raised their target price on shares of Saia from $481.00 to $515.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. Susquehanna reiterated a “neutral” rating and set a $530.00 price objective (down from $565.00) on shares of Saia in a research report on Tuesday, January 7th. Citigroup reduced their target price on Saia from $651.00 to $644.00 and set a “buy” rating for the company in a report on Wednesday, December 4th. The Goldman Sachs Group lifted their price target on Saia from $492.00 to $563.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. raised their price objective on Saia from $499.00 to $566.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $515.18.

Saia Price Performance

Shares of NASDAQ:SAIA opened at $450.66 on Friday. The company has a market capitalization of $11.99 billion, a PE ratio of 32.19, a price-to-earnings-growth ratio of 2.96 and a beta of 1.79. 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 fifty day moving average of $511.91 and a 200-day moving average of $459.39. Saia has a one year low of $358.90 and a one year high of $628.34.

Saia (NASDAQ:SAIA) last announced its earnings results on Friday, October 25th. The transportation company reported $3.46 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $839.82 million. During the same period in the prior year, the company earned $3.67 earnings per share. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, equities analysts anticipate that Saia will post 13.51 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Rohit Lal sold 1,120 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $560.00, for a total transaction of $627,200.00. Following the completion of the sale, the executive vice president now directly owns 8,270 shares of the company’s stock, valued at approximately $4,631,200. This represents a 11.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SAIA. Everence Capital Management Inc. acquired a new stake in shares of Saia in the fourth quarter valued at about $301,000. GAMMA Investing LLC boosted its stake in Saia by 148.0% during the 4th quarter. GAMMA Investing LLC now owns 367 shares of the transportation company’s stock valued at $167,000 after purchasing an additional 219 shares during the period. Oddo BHF Asset Management Sas acquired a new stake in Saia in the 3rd quarter valued at approximately $1,408,000. Franklin Resources Inc. increased its position in Saia by 6.0% in the 3rd quarter. Franklin Resources Inc. now owns 68,474 shares of the transportation company’s stock worth $31,633,000 after buying an additional 3,886 shares during the period. Finally, Tidal Investments LLC lifted its holdings in shares of Saia by 20.2% during the third quarter. Tidal Investments LLC now owns 4,282 shares of the transportation company’s stock worth $1,872,000 after buying an additional 719 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.