Saia (NASDAQ:SAIA) Price Target Raised to $566.00

Saia (NASDAQ:SAIA - Free Report) had its price objective increased by JPMorgan Chase & Co. from $499.00 to $566.00 in a research note released on Friday morning,Benzinga reports. They currently have an overweight rating on the transportation company's stock.

Several other analysts have also weighed in on SAIA. The Goldman Sachs Group lowered their target price on shares of Saia from $510.00 to $490.00 and set a "neutral" rating for the company in a research note on Wednesday, October 9th. Evercore ISI lowered their price objective on shares of Saia from $503.00 to $488.00 and set an "outperform" rating for the company in a research report on Thursday, October 3rd. Jefferies Financial Group raised their target price on shares of Saia from $480.00 to $500.00 and gave the stock a "buy" rating in a report on Thursday, October 10th. Citigroup decreased their target price on Saia from $651.00 to $644.00 and set a "buy" rating for the company in a research note on Wednesday. Finally, Wolfe Research raised Saia from a "peer perform" rating to an "outperform" rating and set a $511.00 price target on the stock in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $510.59.

Saia Stock Down 0.2 %

SAIA stock traded down $0.90 during mid-day trading on Friday, hitting $515.93. 349,999 shares of the company were exchanged, compared to its average volume of 313,715. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. Saia has a twelve month low of $358.90 and a twelve month high of $628.34. The firm has a fifty day simple moving average of $493.86 and a 200 day simple moving average of $450.06. The company has a market capitalization of $13.72 billion, a PE ratio of 36.85, a price-to-earnings-growth ratio of 3.04 and a beta of 1.74.

Saia (NASDAQ:SAIA - Get Free Report) last released its earnings results on Friday, October 25th. The transportation company reported $3.46 EPS for the quarter, missing analysts' consensus estimates 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 the consensus estimate of $839.82 million. During the same period in the prior year, the business earned $3.67 EPS. The company's quarterly revenue was up 8.6% on a year-over-year basis. On average, research analysts forecast that Saia will post 13.53 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Rohit Lal sold 1,120 shares of the firm's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $560.00, for a total transaction of $627,200.00. Following the completion of the transaction, the executive vice president now owns 8,270 shares of the company's stock, valued at $4,631,200. This trade represents a 11.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.30% of the company's stock.

Institutional Investors Weigh In On Saia

A number of institutional investors and hedge funds have recently bought and sold shares of SAIA. Fifth Third Bancorp lifted its holdings in shares of Saia by 10.5% during the second quarter. Fifth Third Bancorp now owns 232 shares of the transportation company's stock valued at $110,000 after purchasing an additional 22 shares during the last quarter. LRI Investments LLC grew its stake in Saia by 6.6% during the 2nd quarter. LRI Investments LLC now owns 386 shares of the transportation company's stock valued at $183,000 after acquiring an additional 24 shares in the last quarter. CIBC Asset Management Inc increased its holdings in shares of Saia by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 770 shares of the transportation company's stock valued at $337,000 after purchasing an additional 26 shares during the period. Legacy Wealth Asset Management LLC increased its holdings in shares of Saia by 4.1% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 770 shares of the transportation company's stock valued at $337,000 after purchasing an additional 30 shares during the period. Finally, MJP Associates Inc. ADV lifted its position in shares of Saia by 5.6% in the second quarter. MJP Associates Inc. ADV now owns 659 shares of the transportation company's stock worth $313,000 after purchasing 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.