Saia, Inc. (NASDAQ:SAIA) Receives $484.79 Consensus Price Target from Brokerages

Shares of Saia, Inc. (NASDAQ:SAIA) have been given an average rating of “Moderate Buy” by the seventeen brokerages that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and twelve have issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $484.79.

A number of equities research analysts recently weighed in on the stock. Benchmark boosted their price objective on shares of Saia from $575.00 to $625.00 and gave the company a “buy” rating in a research report on Thursday, March 21st. JPMorgan Chase & Co. started coverage on shares of Saia in a research report on Monday, March 11th. They set an “overweight” rating and a $676.00 price objective for the company. Bank of America upped their target price on shares of Saia from $600.00 to $645.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Stifel Nicolaus cut shares of Saia from a “buy” rating to a “hold” rating and upped their target price for the stock from $484.00 to $526.00 in a research report on Tuesday, February 6th. Finally, BMO Capital Markets upped their target price on shares of Saia from $450.00 to $515.00 and gave the stock a “market perform” rating in a research report on Monday, February 5th.

Saia Stock Down 1.5 %

Shares of NASDAQ:SAIA opened at $576.86 on Friday. Saia has a fifty-two week low of $244.69 and a fifty-two week high of $628.34. The firm has a 50-day simple moving average of $553.44 and a 200 day simple moving average of $460.34. The company has a market cap of $15.34 billion, a PE ratio of 43.47, a P/E/G ratio of 1.90 and a beta of 1.62.

Saia (NASDAQ:SAIA) last announced its quarterly earnings data on Friday, February 2nd. The transportation company reported $3.33 earnings per share for the quarter, beating analysts’ consensus estimates of $3.20 by $0.13. Saia had a net margin of 12.31% and a return on equity of 19.75%. The business had revenue of $751.10 million during the quarter, compared to the consensus estimate of $745.48 million. During the same quarter in the prior year, the firm earned $2.65 EPS. The company’s revenue for the quarter was up 14.5% compared to the same quarter last year. As a group, research analysts forecast that Saia will post 16.09 EPS for the current fiscal year.

Insider Transactions at Saia

In other news, Director Donna E. Epps sold 400 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $565.14, for a total value of $226,056.00. Following the completion of the sale, the director now directly owns 1,583 shares of the company’s stock, valued at approximately $894,616.62. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Richard D. Odell sold 10,000 shares of the stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $536.75, for a total transaction of $5,367,500.00. Following the completion of the sale, the director now directly owns 5,989 shares of the company’s stock, valued at $3,214,595.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Donna E. Epps sold 400 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $565.14, for a total transaction of $226,056.00. Following the sale, the director now directly owns 1,583 shares of the company’s stock, valued at $894,616.62. The disclosure for this sale can be found here. In the last three months, insiders sold 27,699 shares of company stock valued at $14,966,813. Company insiders own 0.30% of the company’s stock.

Institutional Trading of Saia

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allworth Financial LP lifted its stake in Saia by 13.3% during the fourth quarter. Allworth Financial LP now owns 221 shares of the transportation company’s stock valued at $97,000 after purchasing an additional 26 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in Saia by 1.9% during the third quarter. Commonwealth Equity Services LLC now owns 1,549 shares of the transportation company’s stock valued at $618,000 after purchasing an additional 29 shares during the last quarter. Park Place Capital Corp lifted its stake in Saia by 11.1% during the fourth quarter. Park Place Capital Corp now owns 319 shares of the transportation company’s stock valued at $140,000 after purchasing an additional 32 shares during the last quarter. Xponance Inc. lifted its stake in Saia by 1.0% during the fourth quarter. Xponance Inc. now owns 3,495 shares of the transportation company’s stock valued at $1,532,000 after purchasing an additional 33 shares during the last quarter. Finally, Axxcess Wealth Management LLC lifted its position in shares of Saia by 6.1% in the 4th quarter. Axxcess Wealth Management LLC now owns 610 shares of the transportation company’s stock valued at $267,000 after acquiring an additional 35 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.