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

Saia (NASDAQ:SAIA) had its price objective increased by equities research analysts at TD Cowen from $283.00 to $326.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “hold” rating on the transportation company’s stock. TD Cowen’s target price points to a potential downside of 11.09% from the stock’s previous close.

Several other research firms have also weighed in on SAIA. Redburn Partners set a $262.00 price target on shares of Saia in a research report on Wednesday, November 26th. Citigroup boosted their price target on Saia from $365.00 to $431.00 and gave the stock a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. increased their price target on Saia from $346.00 to $349.00 and gave the company an “overweight” rating in a research report on Monday, December 8th. Bank of America upped their price target on shares of Saia from $322.00 to $367.00 and gave the company a “neutral” rating in a report on Wednesday, December 17th. Finally, Evercore ISI dropped their target price on Saia from $328.00 to $319.00 and set an “outperform” rating on the stock in a report on Friday, October 31st. Eleven analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $339.25.

Saia Stock Down 0.0%

NASDAQ:SAIA traded down $0.04 during trading hours on Friday, reaching $366.65. 237,806 shares of the stock were exchanged, compared to its average volume of 451,250. Saia has a twelve month low of $229.12 and a twelve month high of $538.03. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.68 and a quick ratio of 1.68. The firm has a 50 day moving average of $309.48 and a 200 day moving average of $302.76. The stock has a market cap of $9.77 billion, a PE ratio of 34.69 and a beta of 2.09.

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

Insider Transactions at Saia

In related news, Director Donna E. Epps acquired 422 shares of Saia stock in a transaction dated Wednesday, November 26th. The shares were purchased at an average cost of $277.60 per share, with a total value of $117,147.20. Following the completion of the purchase, the director owned 1,852 shares of the company’s stock, valued at $514,115.20. This represents a 29.51% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Raymond R. Ramu sold 1,000 shares of the business’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $266.57, for a total transaction of $266,570.00. Following the completion of the sale, the vice president owned 4,902 shares in the company, valued at approximately $1,306,726.14. The trade was a 16.94% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SAIA. Inspire Investing LLC purchased a new position in Saia in the 1st quarter valued at approximately $303,000. ZWJ Investment Counsel Inc. increased its stake in shares of Saia by 87.1% in the second quarter. ZWJ Investment Counsel Inc. now owns 118,420 shares of the transportation company’s stock valued at $32,446,000 after buying an additional 55,129 shares during the period. Intech Investment Management LLC raised its position in shares of Saia by 473.6% during the first quarter. Intech Investment Management LLC now owns 11,747 shares of the transportation company’s stock worth $4,105,000 after acquiring an additional 9,699 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Saia by 1.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 86,083 shares of the transportation company’s stock worth $30,080,000 after acquiring an additional 1,600 shares during the period. Finally, Voya Investment Management LLC boosted its position in shares of Saia by 35.1% during the 3rd quarter. Voya Investment Management LLC now owns 220,456 shares of the transportation company’s stock valued at $65,996,000 after acquiring an additional 57,307 shares during the last quarter.

About Saia

Saia, Inc is a publicly traded transportation company specializing in less-than-truckload (LTL) freight services across North America. Headquartered in Johns Creek, Georgia, the company focuses on the efficient movement of time-sensitive freight for a diverse customer base that spans retail, manufacturing, automotive, and healthcare industries. By leveraging a network of terminals and service centers, Saia provides tailored solutions designed to optimize supply chain performance.

The company’s core offerings include regional, interregional, and national LTL shipping, supported by volumetric LTL and port intermodal services.