Saia, Inc. (NASDAQ:SAIA) Receives $535.41 Average Target Price from Brokerages

Saia, Inc. (NASDAQ:SAIA - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the seventeen brokerages that are covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $535.41.

SAIA has been the subject of several recent analyst reports. TD Cowen boosted their target price on Saia from $456.00 to $478.00 and gave the stock a "hold" rating in a research note on Tuesday, February 4th. Raymond James lowered their target price on shares of Saia from $560.00 to $540.00 and set an "outperform" rating for the company in a report on Tuesday, February 4th. JPMorgan Chase & Co. reduced their price target on shares of Saia from $566.00 to $558.00 and set an "overweight" rating for the company in a research report on Tuesday, February 4th. Wells Fargo & Company cut their target price on Saia from $550.00 to $510.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 4th. Finally, Jefferies Financial Group raised their price target on Saia from $525.00 to $560.00 and gave the stock a "buy" rating in a research note on Friday, January 10th.

Saia Stock Down 4.7 %

Shares of NASDAQ:SAIA traded down $22.50 during trading hours on Monday, reaching $453.90. The stock had a trading volume of 365,775 shares, compared to its average volume of 371,892. The stock has a market capitalization of $12.07 billion, a price-to-earnings ratio of 33.60, a P/E/G ratio of 2.49 and a beta of 1.79. The firm's 50 day moving average is $484.32 and its 200-day moving average is $465.90. Saia has a 1 year low of $358.90 and a 1 year high of $628.34. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57.

Saia (NASDAQ:SAIA - Get Free Report) last posted its earnings results on Friday, February 7th. The transportation company reported $2.84 EPS for the quarter, missing the consensus estimate of $2.87 by ($0.03). The business had revenue of $789.00 million during the quarter, compared to analysts' expectations of $794.69 million. Saia had a net margin of 11.28% and a return on equity of 16.63%. The business's quarterly revenue was up 5.0% compared to the same quarter last year. During the same period last year, the company earned $3.33 EPS. Research analysts predict that Saia will post 15.46 earnings per share for the current fiscal year.

Insider Buying and Selling at Saia

In other Saia news, CEO Frederick J. Holzgrefe III sold 7,534 shares of the business's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $487.34, for a total transaction of $3,671,619.56. Following the sale, the chief executive officer now directly owns 17,645 shares in the company, valued at approximately $8,599,114.30. The trade was a 29.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Patrick D. Sugar sold 799 shares of Saia stock in a transaction on Monday, February 10th. The stock was sold at an average price of $493.74, for a total value of $394,498.26. Following the transaction, the executive vice president now directly owns 8,629 shares of the company's stock, valued at $4,260,482.46. This trade represents a 8.47 % decrease in their position. The disclosure for this sale can be found here. 0.30% of the stock is owned by corporate insiders.

Institutional Trading of Saia

Large investors have recently modified their holdings of the business. Blue Trust Inc. boosted its stake in shares of Saia by 319.1% during the 3rd quarter. Blue Trust Inc. now owns 285 shares of the transportation company's stock worth $135,000 after purchasing an additional 217 shares during the last quarter. Raymond James & Associates grew its stake in Saia by 4.6% in the 3rd quarter. Raymond James & Associates now owns 102,837 shares of the transportation company's stock worth $44,966,000 after acquiring an additional 4,548 shares during the period. Allspring Global Investments Holdings LLC lifted its stake 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 period. Jade Capital Advisors LLC acquired a new stake in shares of Saia during the third quarter worth $437,000. Finally, Sequoia Financial Advisors LLC grew its position in shares of Saia by 22.3% in the third quarter. Sequoia Financial Advisors LLC now owns 851 shares of the transportation company's stock valued at $372,000 after purchasing an additional 155 shares during the period.

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.