TD Cowen Raises Saia (NASDAQ:SAIA) Price Target to $478.00

Saia (NASDAQ:SAIA - Get Free Report) had its price target upped by analysts at TD Cowen from $456.00 to $478.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a "hold" rating on the transportation company's stock. TD Cowen's target price points to a potential downside of 2.35% from the stock's current price.

SAIA has been the subject of a number of other reports. Jefferies Financial Group upped their target price on Saia from $525.00 to $560.00 and gave the company a "buy" rating in a research report on Friday, January 10th. Stifel Nicolaus upped their price objective on shares of Saia from $443.00 to $529.00 and gave the stock a "hold" rating in a research report on Thursday, January 23rd. Barclays decreased their target price on shares of Saia from $620.00 to $600.00 and set an "overweight" rating on the stock in a report on Friday, January 17th. Stephens upped their price target on shares of Saia from $481.00 to $515.00 and gave the stock an "overweight" rating in a report on Tuesday, October 29th. Finally, Citigroup decreased their price objective on shares of Saia from $561.00 to $544.00 and set a "buy" rating on the stock in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $535.41.

Saia Stock Performance

Shares of Saia stock traded down $18.96 during trading on Tuesday, reaching $489.51. The company's stock had a trading volume of 274,759 shares, compared to its average volume of 393,417. Saia has a 52 week low of $358.90 and a 52 week high of $628.34. The firm has a market cap of $13.02 billion, a PE ratio of 34.97, a P/E/G ratio of 2.31 and a beta of 1.79. The business's 50-day moving average price is $492.66 and its 200-day moving average price is $462.24. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.08.

Saia (NASDAQ:SAIA - Get Free Report) last posted its quarterly earnings data on Friday, February 7th. The transportation company reported $2.84 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.87 by ($0.03). Saia had a net margin of 11.83% and a return on equity of 18.00%. The business had revenue of $789.00 million during the quarter, compared to the consensus estimate of $794.69 million. During the same period in the prior year, the firm earned $3.33 EPS. The business's revenue for the quarter was up 5.0% on a year-over-year basis. Equities analysts forecast that Saia will post 13.47 earnings per share for the current year.

Insider Activity

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 shares were sold at an average price of $560.00, for a total transaction of $627,200.00. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 company. Artemis Investment Management LLP grew its holdings in Saia by 72.9% during the 4th quarter. Artemis Investment Management LLP now owns 249,782 shares of the transportation company's stock worth $113,833,000 after acquiring an additional 105,356 shares during the period. Raymond James Financial Inc. bought a new stake in Saia in the fourth quarter worth approximately $46,514,000. Stephens Investment Management Group LLC acquired a new position in Saia in the fourth quarter valued at approximately $45,767,000. Allspring Global Investments Holdings LLC boosted its holdings 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 buying an additional 98,383 shares in the last quarter. Finally, Wasatch Advisors LP grew 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 buying an additional 64,351 shares during the period.

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.