Saia (NASDAQ:SAIA) Price Target Raised to $349.00

Saia (NASDAQ:SAIA) had its target price boosted by JPMorgan Chase & Co. from $346.00 to $349.00 in a research report report published on Monday morning,Benzinga reports. They currently have an overweight rating on the transportation company’s stock.

A number of other brokerages have also recently commented on SAIA. Rothschild & Co Redburn began coverage on Saia in a research note on Wednesday, November 26th. They set a “neutral” rating and a $262.00 price objective for the company. Susquehanna set a $350.00 target price on Saia in a research report on Friday, October 31st. UBS Group upped their price target on Saia from $305.00 to $374.00 and gave the company a “buy” rating in a research note on Friday, October 3rd. Wells Fargo & Company cut their price target on shares of Saia from $365.00 to $330.00 and set an “equal weight” rating on the stock in a research report on Monday, October 6th. Finally, Stifel Nicolaus decreased their price objective on shares of Saia from $306.00 to $298.00 and set a “hold” rating for the company in a report on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and thirteen have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $330.25.

Saia Price Performance

Shares of NASDAQ:SAIA opened at $347.98 on Monday. The company has a market cap of $9.27 billion, a price-to-earnings ratio of 32.86, a PEG ratio of 10.56 and a beta of 2.10. The business has a 50 day moving average price of $293.55 and a 200 day moving average price of $291.96. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.09. Saia has a twelve month low of $229.12 and a twelve month high of $545.12.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Thursday, October 30th. The transportation company reported $2.81 earnings per share for the quarter, beating analysts’ consensus estimates of $2.53 by $0.28. Saia had a net margin of 8.77% and a return on equity of 11.32%. The firm had revenue of $839.64 million during the quarter, compared to the consensus estimate of $824.06 million. During the same period in the prior year, the firm earned $3.46 EPS. The business’s revenue was down .3% on a year-over-year basis. Research analysts predict that Saia will post 15.46 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Donna E. Epps purchased 422 shares of the business’s stock in a transaction dated Wednesday, November 26th. The shares were bought at an average cost of $277.60 per share, for a total transaction of $117,147.20. Following the completion of the acquisition, the director directly owned 1,852 shares in the company, valued at approximately $514,115.20. This trade represents a 29.51% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Raymond R. Ramu sold 1,000 shares of Saia stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $266.57, for a total value of $266,570.00. Following the completion of the sale, the vice president directly owned 4,902 shares in the company, valued at approximately $1,306,726.14. This represents a 16.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SAIA. Viking Global Investors LP acquired a new stake in Saia during the 2nd quarter valued at $226,770,000. Invesco Ltd. raised its position in shares of Saia by 1,300.4% in the third quarter. Invesco Ltd. now owns 701,418 shares of the transportation company’s stock valued at $209,976,000 after purchasing an additional 651,332 shares during the period. Alliancebernstein L.P. lifted its stake in shares of Saia by 35.4% during the 3rd quarter. Alliancebernstein L.P. now owns 2,273,396 shares of the transportation company’s stock worth $680,564,000 after buying an additional 594,674 shares during the last quarter. Norges Bank bought a new stake in shares of Saia during the 2nd quarter worth about $103,599,000. Finally, First Trust Advisors LP grew its stake in Saia by 141.3% in the 3rd quarter. First Trust Advisors LP now owns 557,129 shares of the transportation company’s stock valued at $166,782,000 after buying an additional 326,206 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.