Saia, Inc. (NASDAQ:SAIA) Receives $526.39 Consensus Target Price from Analysts

Shares of Saia, Inc. (NASDAQ:SAIA) have received an average rating of “Moderate Buy” from the nineteen ratings firms that are presently covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $526.39.

Several brokerages have weighed in on SAIA. Raymond James lowered their price objective on Saia from $560.00 to $540.00 and set an “outperform” rating for the company in a research report on Tuesday, February 4th. Cowen reiterated a “hold” rating on shares of Saia in a research report on Tuesday, February 4th. Susquehanna upped their target price on Saia from $530.00 to $540.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. The Goldman Sachs Group upped their target price on Saia from $492.00 to $563.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Saia in a report on Friday, March 7th. They set a “buy” rating and a $570.00 target price for the company.

Saia Stock Down 2.6 %

Shares of NASDAQ SAIA opened at $349.29 on Friday. Saia has a 12 month low of $345.77 and a 12 month high of $624.55. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $9.30 billion, a price-to-earnings ratio of 25.85, a PEG ratio of 2.24 and a beta of 1.89. The business has a 50-day moving average of $447.85 and a 200-day moving average of $467.06.

Saia (NASDAQ:SAIA) last released its earnings results on Friday, February 7th. The transportation company reported $2.84 earnings per share for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.03). The firm had revenue of $789.00 million during the quarter, compared to the consensus estimate of $794.69 million. Saia had a return on equity of 16.63% and a net margin of 11.28%. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.33 EPS. Sell-side analysts expect that Saia will post 15.46 earnings per share for the current fiscal year.

Insider Transactions at Saia

In other news, CFO Matthew J. Batteh sold 700 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $500.09, for a total value of $350,063.00. Following the sale, the chief financial officer now directly owns 3,326 shares of the company’s stock, valued at approximately $1,663,299.34. This represents a 17.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Kelly W. Benton sold 460 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $500.00, for a total value of $230,000.00. Following the transaction, the chief accounting officer now directly owns 4,287 shares in the company, valued at approximately $2,143,500. The trade was a 9.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,493 shares of company stock valued at $4,646,181. 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 third quarter valued at $1,408,000. Highview Capital Management LLC DE bought a new position in shares of Saia during the fourth quarter valued at $1,324,000. Y Intercept Hong Kong Ltd bought a new position in shares of Saia during the fourth quarter valued at $3,363,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Saia by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 226,137 shares of the transportation company’s stock valued at $103,057,000 after purchasing an additional 4,972 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Saia by 13.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,804 shares of the transportation company’s stock valued at $3,101,000 after purchasing an additional 788 shares in 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.