Saia (NASDAQ:SAIA) Price Target Raised to $481.00 at JPMorgan Chase & Co.

Saia (NASDAQ:SAIA - Free Report) had its price target hoisted by JPMorgan Chase & Co. from $479.00 to $481.00 in a research report sent to investors on Friday morning, Benzinga reports. The brokerage currently has an overweight rating on the transportation company's stock.

A number of other equities analysts have also issued reports on the company. Raymond James decreased their price objective on Saia from $540.00 to $520.00 and set an outperform rating for the company in a report on Monday, June 24th. TD Cowen increased their price objective on Saia from $416.00 to $418.00 and gave the stock a hold rating in a report on Thursday. Bank of America increased their price objective on Saia from $443.00 to $460.00 and gave the stock a buy rating in a report on Thursday. Barclays decreased their price objective on Saia from $575.00 to $515.00 and set an overweight rating for the company in a report on Monday, July 29th. Finally, Evercore ISI increased their price objective on Saia from $523.00 to $566.00 and gave the stock an outperform rating in a report on Tuesday, June 25th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus target price of $476.73.

Saia Stock Performance

Shares of NASDAQ:SAIA traded up $4.02 during trading on Friday, hitting $402.39. 341,438 shares of the company traded hands, compared to its average volume of 397,311. The stock has a market capitalization of $10.70 billion, a price-to-earnings ratio of 29.16, a PEG ratio of 1.81 and a beta of 1.74. The business's fifty day moving average is $419.86 and its 200-day moving average is $471.89. Saia has a one year low of $341.26 and a one year high of $628.34. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.08.

Saia (NASDAQ:SAIA - Get Free Report) last posted its earnings results on Friday, July 26th. The transportation company reported $3.83 EPS for the quarter, missing the consensus estimate of $4.00 by ($0.17). The company had revenue of $823.24 million for the quarter, compared to the consensus estimate of $821.60 million. Saia had a net margin of 12.26% and a return on equity of 19.14%. As a group, equities analysts predict that Saia will post 13.88 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Saia

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Cim LLC lifted its position in shares of Saia by 7.6% during the 2nd quarter. Cim LLC now owns 594 shares of the transportation company's stock valued at $282,000 after acquiring an additional 42 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Saia in the second quarter valued at $2,227,000. Brown Financial Advisors purchased a new stake in shares of Saia in the second quarter valued at $312,000. Clearbridge Investments LLC lifted its holdings in shares of Saia by 67.2% in the second quarter. Clearbridge Investments LLC now owns 79,283 shares of the transportation company's stock valued at $37,603,000 after purchasing an additional 31,876 shares in the last quarter. Finally, Truist Financial Corp lifted its holdings in shares of Saia by 25.6% in the second quarter. Truist Financial Corp now owns 27,715 shares of the transportation company's stock valued at $13,145,000 after purchasing an additional 5,643 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.