Saia (NASDAQ:SAIA) Price Target Raised to $560.00 at Jefferies Financial Group

Saia (NASDAQ:SAIA - Free Report) had its target price hoisted by Jefferies Financial Group from $525.00 to $560.00 in a research note issued to investors on Friday,Benzinga reports. Jefferies Financial Group currently has a buy rating on the transportation company's stock.

A number of other research firms have also recently weighed in on SAIA. Citigroup cut their price target on Saia from $651.00 to $644.00 and set a "buy" rating on the stock in a research note on Wednesday, December 4th. Benchmark reaffirmed a "buy" rating and issued a $480.00 price target on shares of Saia in a report on Thursday, September 19th. Wolfe Research upgraded shares of Saia from a "peer perform" rating to an "outperform" rating and set a $511.00 price target on the stock in a research note on Wednesday, October 9th. JPMorgan Chase & Co. boosted their price objective on shares of Saia from $499.00 to $566.00 and gave the stock an "overweight" rating in a research report on Friday, December 6th. Finally, Stifel Nicolaus downgraded shares of Saia from a "buy" rating to a "hold" rating and dropped their target price for the company from $440.00 to $437.00 in a research report on Monday, October 21st. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Saia presently has an average rating of "Moderate Buy" and an average price target of $515.18.

Saia Stock Up 0.5 %

Shares of SAIA traded up $2.44 during midday trading on Friday, hitting $450.66. The company had a trading volume of 206,860 shares, compared to its average volume of 322,933. The company's 50-day simple moving average is $512.51 and its 200-day simple moving average is $459.56. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.26. Saia has a 1 year low of $358.90 and a 1 year high of $628.34. The firm has a market capitalization of $11.99 billion, a P/E ratio of 32.19, a P/E/G ratio of 2.96 and a beta of 1.79.

Saia (NASDAQ:SAIA - Get Free Report) last posted its quarterly earnings results on Friday, October 25th. The transportation company reported $3.46 EPS for the quarter, missing the consensus estimate of $3.53 by ($0.07). Saia had a return on equity of 18.00% and a net margin of 11.83%. The firm had revenue of $842.10 million for the quarter, compared to analyst estimates of $839.82 million. During the same quarter last year, the firm earned $3.67 EPS. The company's revenue was up 8.6% on a year-over-year basis. As a group, sell-side analysts expect that Saia will post 13.51 EPS for the current year.

Insider Activity at Saia

In other news, EVP Rohit Lal sold 1,120 shares of the firm's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $560.00, for a total value of $627,200.00. Following the completion of the sale, the executive vice president now directly owns 8,270 shares of the company's stock, valued at $4,631,200. This trade represents a 11.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Saia

Institutional investors have recently made changes to their positions in the stock. American Century Companies Inc. lifted its stake in shares of Saia by 347.3% in the second quarter. American Century Companies Inc. now owns 159,853 shares of the transportation company's stock valued at $75,817,000 after purchasing an additional 124,117 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of Saia by 64.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 250,626 shares of the transportation company's stock valued at $109,589,000 after acquiring an additional 98,383 shares during the period. Wasatch Advisors LP boosted its stake in shares of Saia by 10.2% during the 3rd quarter. Wasatch Advisors LP now owns 692,405 shares of the transportation company's stock worth $302,761,000 after acquiring an additional 64,351 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new stake in shares of Saia in the 3rd quarter worth approximately $22,979,000. Finally, International Assets Investment Management LLC increased its stake in Saia by 43,625.8% in the 3rd quarter. International Assets Investment Management LLC now owns 38,916 shares of the transportation company's stock valued at $17,016,000 after purchasing an additional 38,827 shares in the last quarter.

About Saia

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.