TD Cowen Issues Positive Forecast for Saia (NASDAQ:SAIA) Stock Price

Saia (NASDAQ:SAIA) had its price objective raised by stock analysts at TD Cowen from $456.00 to $478.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a “hold” rating on the transportation company’s stock. TD Cowen’s price target would suggest a potential downside of 4.97% from the stock’s previous close.

A number of other research analysts have also weighed in on SAIA. JPMorgan Chase & Co. dropped their price objective on Saia from $566.00 to $558.00 and set an “overweight” rating on the stock in a report on Tuesday. Raymond James lowered their price target on shares of Saia from $560.00 to $540.00 and set an “outperform” rating on the stock in a research note on Tuesday. The Goldman Sachs Group raised their price objective on shares of Saia from $492.00 to $563.00 and gave the company a “neutral” rating in a research note on Thursday, December 12th. Stifel Nicolaus upped their target price 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, Wolfe Research upgraded shares of Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 price target for the company in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Saia has an average rating of “Moderate Buy” and an average target price of $530.41.

Saia Stock Up 5.0 %

SAIA stock opened at $503.01 on Tuesday. The stock has a market capitalization of $13.38 billion, a PE ratio of 35.93, a price-to-earnings-growth ratio of 2.31 and a beta of 1.79. The company has a fifty day moving average of $493.78 and a 200-day moving average of $461.92. 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 has a one year low of $358.90 and a one year high of $628.34.

Saia (NASDAQ:SAIA) last announced 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). Saia had a net margin of 11.83% and a return on equity of 18.00%. The firm had revenue of $789.00 million during the quarter, compared to analyst estimates of $794.69 million. During the same quarter in the previous year, the business earned $3.33 EPS. Saia’s revenue for the quarter was up 5.0% on a year-over-year basis. As a group, analysts expect that Saia will post 13.47 EPS for the current year.

Insider Buying and Selling at Saia

In other news, EVP Rohit Lal sold 1,120 shares of the stock in a transaction dated 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 directly owns 8,270 shares in the company, valued at $4,631,200. This represents a 11.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Saia

A number of institutional investors have recently bought and sold shares of the stock. Bridges Investment Management Inc. boosted its holdings in shares of Saia by 81.8% in the 4th quarter. Bridges Investment Management Inc. now owns 1,927 shares of the transportation company’s stock valued at $878,000 after purchasing an additional 867 shares during the last quarter. US Bancorp DE raised its position in shares of Saia by 12.4% in the 4th quarter. US Bancorp DE now owns 18,202 shares of the transportation company’s stock worth $8,295,000 after buying an additional 2,012 shares during the period. QRG Capital Management Inc. boosted its holdings in Saia by 8.0% in the fourth quarter. QRG Capital Management Inc. now owns 1,088 shares of the transportation company’s stock valued at $496,000 after acquiring an additional 81 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in Saia during the fourth quarter valued at about $15,577,000. Finally, NewEdge Wealth LLC increased its stake in Saia by 2.6% during the fourth quarter. NewEdge Wealth LLC now owns 9,077 shares of the transportation company’s stock worth $4,137,000 after acquiring an additional 228 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.