Brokerages Set Saia, Inc. (NASDAQ:SAIA) Price Target at $514.88

Shares of Saia, Inc. (NASDAQ:SAIA - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the seventeen analysts that are presently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and twelve have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $514.88.

Several research analysts have issued reports on SAIA shares. JPMorgan Chase & Co. raised 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. Barclays increased their target price on shares of Saia from $515.00 to $620.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 13th. TD Cowen boosted their price target on Saia from $416.00 to $418.00 and gave the company a "hold" rating in a research report on Thursday, September 5th. Citigroup lowered their price objective on shares of Saia from $651.00 to $644.00 and set a "buy" rating on the stock in a research report on Wednesday, December 4th. Finally, Susquehanna boosted their price objective on shares of Saia from $550.00 to $585.00 and gave the company a "positive" rating in a research note on Wednesday, September 18th.

Saia Stock Performance

Shares of NASDAQ SAIA traded down $0.86 during trading hours on Friday, reaching $475.31. The stock had a trading volume of 151,474 shares, compared to its average volume of 383,958. The firm has a 50-day moving average of $511.92 and a 200-day moving average of $459.55. The firm has a market cap of $12.64 billion, a price-to-earnings ratio of 33.95, a PEG ratio of 2.96 and a beta of 1.74. 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 fifty-two week low of $358.90 and a fifty-two week high of $628.34.

Saia (NASDAQ:SAIA - Get Free Report) last posted its quarterly earnings data on Friday, October 25th. The transportation company reported $3.46 earnings per share for the quarter, missing the consensus estimate of $3.53 by ($0.07). The firm had revenue of $842.10 million during the quarter, compared to analyst estimates of $839.82 million. Saia had a net margin of 11.83% and a return on equity of 18.00%. Saia's revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company posted $3.67 earnings per share. Equities research analysts predict that Saia will post 13.51 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Rohit Lal sold 1,120 shares of the firm's stock in a transaction 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 transaction, the executive vice president now owns 8,270 shares in the company, 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

Large investors have recently added to or reduced their stakes in the business. American Century Companies Inc. lifted its holdings 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 in the last quarter. Allspring Global Investments Holdings LLC raised 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 worth $109,589,000 after purchasing an additional 98,383 shares during the last quarter. Wasatch Advisors LP raised its position 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 purchasing an additional 64,351 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new stake in Saia in the 3rd quarter valued at approximately $22,979,000. Finally, International Assets Investment Management LLC grew its holdings in Saia by 43,625.8% during 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 buying an additional 38,827 shares during 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.