Saia (NASDAQ:SAIA) Price Target Raised to $443.00

Saia (NASDAQ:SAIA) had its price target raised by Stifel Nicolaus from $440.00 to $443.00 in a report released on Wednesday,Benzinga reports. They currently have a hold rating on the transportation company’s stock.

A number of other equities analysts have also recently commented on the company. BMO Capital Markets raised their target price on Saia from $465.00 to $495.00 and gave the stock a “market perform” rating in a report on Monday, October 28th. Barclays lifted their price objective on Saia from $515.00 to $620.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Wolfe Research raised shares of Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 target price for the company in a report on Wednesday, October 9th. Benchmark restated a “buy” rating and set a $480.00 target price on shares of Saia in a research note on Thursday, September 19th. Finally, Citigroup dropped their price target on shares of Saia from $651.00 to $644.00 and set a “buy” rating for the company in a research report on Wednesday, December 4th. 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 company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $522.59.

Saia Stock Down 1.2 %

SAIA stock opened at $486.89 on Wednesday. The business’s 50-day moving average is $506.97 and its two-hundred day moving average is $459.88. The company has a market cap of $12.95 billion, a price-to-earnings ratio of 34.78, a P/E/G ratio of 2.12 and a beta of 1.79. 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.

Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Friday, October 25th. The transportation company reported $3.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $839.82 million. During the same period in the previous year, the business posted $3.67 EPS. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. As a group, analysts forecast that Saia will post 13.49 earnings per share for the current year.

Insider Buying and Selling

In other Saia news, EVP Rohit Lal sold 1,120 shares of the stock in a transaction that occurred 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. This represents a 11.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.30% of the stock is owned by insiders.

Institutional Trading of Saia

Several large investors have recently made changes to their positions in the company. Oddo BHF Asset Management Sas purchased a new stake in shares of Saia during the third quarter worth $1,408,000. MML Investors Services LLC raised its holdings in shares of Saia by 89.8% in the 3rd quarter. MML Investors Services LLC now owns 4,313 shares of the transportation company’s stock valued at $1,886,000 after buying an additional 2,041 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new position in Saia during the 3rd quarter worth about $22,979,000. BNP Paribas Financial Markets boosted its stake in shares of Saia by 61.7% in the third quarter. BNP Paribas Financial Markets now owns 3,698 shares of the transportation company’s stock valued at $1,617,000 after purchasing an additional 1,411 shares during the period. Finally, Franklin Resources Inc. boosted 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 valued at $31,633,000 after buying an additional 3,886 shares during the period.

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.