Saia, Inc. (NASDAQ:SAIA) Receives $522.59 Consensus Target Price from Analysts

Saia, Inc. (NASDAQ:SAIA) has been assigned an average recommendation of “Moderate Buy” from the seventeen brokerages that are currently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $527.65.

Several brokerages have weighed in on SAIA. JPMorgan Chase & Co. increased their target price on Saia from $499.00 to $566.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Evercore ISI lowered their target price on Saia from $503.00 to $488.00 and set an “outperform” rating on the stock in a report on Thursday, October 3rd. Susquehanna reaffirmed a “neutral” rating and set a $530.00 target price (down from $565.00) on shares of Saia in a report on Tuesday, January 7th. Stifel Nicolaus lifted their target price on Saia from $443.00 to $529.00 and gave the stock a “hold” rating in a report on Thursday. Finally, Jefferies Financial Group lifted their target price on Saia from $525.00 to $560.00 and gave the stock a “buy” rating in a report on Friday, January 10th.

Insiders Place Their Bets

In other news, EVP Rohit Lal sold 1,120 shares of the firm’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 transaction, the executive vice president now owns 8,270 shares in the company, valued at approximately $4,631,200. This trade represents a 11.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Oddo BHF Asset Management Sas bought a new position in shares of Saia during the 3rd quarter valued at $1,408,000. MML Investors Services LLC grew its stake in 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 last quarter. ZWJ Investment Counsel Inc. grew its stake in Saia by 2.8% in the 4th quarter. ZWJ Investment Counsel Inc. now owns 59,870 shares of the transportation company’s stock valued at $27,285,000 after buying an additional 1,644 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new position in Saia in the 3rd quarter valued at $22,979,000. Finally, BNP Paribas Financial Markets grew its stake in Saia by 61.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,698 shares of the transportation company’s stock valued at $1,617,000 after buying an additional 1,411 shares during the last quarter.

Saia Stock Down 1.4 %

Shares of NASDAQ:SAIA opened at $494.30 on Thursday. 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. The company has a 50 day moving average of $502.54 and a two-hundred day moving average of $461.10. The company has a market capitalization of $13.14 billion, a price-to-earnings ratio of 35.31, a price-to-earnings-growth ratio of 2.38 and a beta of 1.79.

Saia (NASDAQ:SAIA) last released 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 business had revenue of $842.10 million for the quarter, compared to analysts’ expectations of $839.82 million. During the same quarter last year, the company posted $3.67 earnings per share. 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 13.47 earnings per share for the current fiscal year.

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.