Saia (NASDAQ:SAIA) Price Target Raised to $604.00

Saia (NASDAQ:SAIA) had its price objective boosted by investment analysts at Raymond James from $565.00 to $604.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has an “outperform” rating on the transportation company’s stock. Raymond James’ price target would suggest a potential upside of 8.58% from the company’s previous close.

A number of other research analysts have also weighed in on the stock. Wolfe Research lowered shares of Saia from an “outperform” rating to a “peer perform” rating in a research note on Thursday, April 11th. JPMorgan Chase & Co. initiated coverage on shares of Saia in a report on Monday, March 11th. They issued an “overweight” rating and a $676.00 target price for the company. Stifel Nicolaus downgraded shares of Saia from a “buy” rating to a “hold” rating and increased their target price for the company from $484.00 to $526.00 in a report on Tuesday, February 6th. The Goldman Sachs Group raised their price objective on shares of Saia from $504.00 to $567.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Finally, Bank of America raised their price objective on shares of Saia from $600.00 to $645.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Saia has a consensus rating of “Moderate Buy” and an average price target of $500.84.

Saia Stock Performance

Shares of NASDAQ SAIA opened at $556.27 on Monday. Saia has a 52-week low of $244.69 and a 52-week high of $628.34. The firm has a 50 day moving average price of $574.05 and a two-hundred day moving average price of $473.54. The stock has a market cap of $14.79 billion, a P/E ratio of 41.92, a price-to-earnings-growth ratio of 1.87 and a beta of 1.62.

Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Friday, February 2nd. The transportation company reported $3.33 EPS 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 company had revenue of $751.10 million for the quarter, compared to analyst estimates of $745.48 million. During the same period in the prior year, the firm posted $2.65 EPS. The company’s quarterly revenue was up 14.5% on a year-over-year basis. Analysts predict that Saia will post 16.12 earnings per share for the current fiscal year.

Insider Activity

In other news, VP Rohit Lal sold 2,870 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $536.55, for a total value of $1,539,898.50. Following the completion of the transaction, the vice president now directly owns 8,482 shares in the company, valued at $4,551,017.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Saia news, CFO Douglas L. Col sold 1,812 shares of Saia stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $557.75, for a total transaction of $1,010,643.00. Following the completion of the sale, the chief financial officer now directly owns 5,623 shares in the company, valued at $3,136,228.25. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Rohit Lal sold 2,870 shares of Saia stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $536.55, for a total transaction of $1,539,898.50. Following the sale, the vice president now owns 8,482 shares of the company’s stock, valued at $4,551,017.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,699 shares of company stock worth $14,966,813. 0.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Saia

Several hedge funds have recently bought and sold shares of the stock. Contravisory Investment Management Inc. purchased a new position in shares of Saia during the fourth quarter worth approximately $26,000. Pineridge Advisors LLC purchased a new position in shares of Saia during the fourth quarter worth approximately $26,000. KB Financial Partners LLC purchased a new position in shares of Saia during the first quarter worth approximately $28,000. Core Wealth Advisors Inc. purchased a new position in shares of Saia during the fourth quarter worth approximately $32,000. Finally, Rise Advisors LLC purchased a new position in shares of Saia in the first quarter worth $40,000.

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.