Saia, Inc. (NASDAQ:SAIA) Receives $506.00 Average Target Price from Analysts

Shares of Saia, Inc. (NASDAQ:SAIA - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the seventeen brokerages that are presently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $505.59.

Several equities research analysts recently issued reports on SAIA shares. Wolfe Research raised Saia from a "peer perform" rating to an "outperform" rating and set a $511.00 price objective for the company in a research note on Wednesday, October 9th. Stifel Nicolaus downgraded Saia from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $440.00 to $437.00 in a research note on Monday, October 21st. Bank of America increased their price objective on Saia from $443.00 to $460.00 and gave the stock a "buy" rating in a research note on Thursday, September 5th. Wells Fargo & Company increased their price objective on Saia from $400.00 to $410.00 and gave the stock an "equal weight" rating in a research note on Thursday, September 5th. Finally, Stephens increased their price objective on Saia from $481.00 to $515.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 29th.

Insider Activity at Saia

In other Saia 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 owns 8,270 shares in the company, valued at approximately $4,631,200. This trade represents a 11.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.30% of the stock is owned by corporate insiders.

Institutional Trading of Saia

A number of hedge funds have recently modified their holdings of the company. Blue Trust Inc. lifted its position in shares of Saia by 161.5% during the 2nd quarter. Blue Trust Inc. now owns 68 shares of the transportation company's stock worth $32,000 after buying an additional 42 shares during the period. Paladin Wealth LLC acquired a new stake in Saia during the 3rd quarter valued at $40,000. Quarry LP acquired a new stake in Saia during the 2nd quarter valued at $41,000. International Assets Investment Management LLC acquired a new stake in Saia during the 2nd quarter valued at $42,000. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in Saia by 754.5% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 94 shares of the transportation company's stock valued at $45,000 after purchasing an additional 83 shares in the last quarter.

Saia Trading Down 2.6 %

Shares of NASDAQ SAIA traded down $14.48 during mid-day trading on Wednesday, hitting $533.49. 140,681 shares of the company traded hands, compared to its average volume of 383,346. Saia has a 1 year low of $358.90 and a 1 year high of $628.34. The stock has a market capitalization of $14.19 billion, a price-to-earnings ratio of 38.55, a PEG ratio of 3.08 and a beta of 1.74. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.08. The business has a 50 day moving average of $488.68 and a two-hundred day moving average of $448.11.

Saia (NASDAQ:SAIA - Get Free Report) last announced its 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 net margin of 11.83% and a return on equity of 18.00%. The company had revenue of $842.10 million for the quarter, compared to analysts' expectations of $839.82 million. During the same period in the prior year, the company earned $3.67 earnings per share. The company's revenue for the quarter was up 8.6% on a year-over-year basis. On average, sell-side analysts anticipate that Saia will post 13.54 earnings per share for the current fiscal year.

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.