Saia (NASDAQ:SAIA) Given New $455.00 Price Target at Jefferies Financial Group

Saia (NASDAQ:SAIA - Get Free Report) had its price objective decreased by equities researchers at Jefferies Financial Group from $560.00 to $455.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has a "buy" rating on the transportation company's stock. Jefferies Financial Group's price objective would indicate a potential upside of 36.13% from the company's current price.

Several other research analysts also recently issued reports on SAIA. Susquehanna lowered their price objective on shares of Saia from $540.00 to $410.00 and set a "neutral" rating on the stock in a research report on Monday, March 31st. TD Cowen raised their price target on Saia from $456.00 to $478.00 and gave the stock a "hold" rating in a report on Tuesday, February 4th. Cowen reaffirmed a "hold" rating on shares of Saia in a research note on Tuesday, February 4th. Barclays lowered their target price on Saia from $535.00 to $475.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 2nd. Finally, BMO Capital Markets upgraded Saia from a "market perform" rating to an "outperform" rating and set a $455.00 price target for the company in a research note on Monday, April 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $484.39.

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Saia Stock Performance

Shares of Saia stock traded up $3.86 on Wednesday, hitting $334.23. The stock had a trading volume of 125,342 shares, compared to its average volume of 452,826. The stock has a market cap of $8.90 billion, a price-to-earnings ratio of 24.74, a P/E/G ratio of 2.24 and a beta of 1.99. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. Saia has a 52-week low of $287.50 and a 52-week high of $624.55. The company's 50 day moving average price is $396.39 and its 200 day moving average price is $456.78.

Saia (NASDAQ:SAIA - Get Free Report) last issued its quarterly earnings data on Friday, February 7th. The transportation company reported $2.84 earnings per share for the quarter, missing analysts' consensus estimates of $2.87 by ($0.03). The firm 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%. Saia's quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.33 EPS. On average, research analysts anticipate that Saia will post 15.46 EPS for the current year.

Insider Buying and Selling at Saia

In other news, CEO Frederick J. Holzgrefe III sold 7,534 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $487.34, for a total value of $3,671,619.56. Following the sale, the chief executive officer now directly owns 17,645 shares in the company, valued at $8,599,114.30. This represents a 29.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Kelly W. Benton sold 460 shares of Saia stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $500.00, for a total value of $230,000.00. Following the transaction, the chief accounting officer now owns 4,287 shares of the company's stock, valued at $2,143,500. This represents a 9.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,493 shares of company stock valued at $4,646,181. Insiders own 0.30% of the company's stock.

Hedge Funds Weigh In On Saia

Hedge funds have recently bought and sold shares of the stock. Oddo BHF Asset Management Sas acquired a new stake in shares of Saia during the third quarter valued at $1,408,000. Highview Capital Management LLC DE acquired a new stake in shares of Saia during the 4th quarter worth about $1,324,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Saia during the fourth quarter worth about $3,363,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Saia by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 226,137 shares of the transportation company's stock valued at $103,057,000 after buying an additional 4,972 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Saia by 13.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,804 shares of the transportation company's stock worth $3,101,000 after acquiring an additional 788 shares during 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.