Saia (NASDAQ:SAIA - Get Free Report) had its price objective raised by investment analysts at Stifel Nicolaus from $440.00 to $443.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a "hold" rating on the transportation company's stock. Stifel Nicolaus' price objective would indicate a potential downside of 8.51% from the stock's previous close.
Several other research firms have also commented on SAIA. Jefferies Financial Group increased their price target on Saia from $525.00 to $560.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. BMO Capital Markets raised their target price on Saia from $465.00 to $495.00 and gave the company a "market perform" rating in a research note on Monday, October 28th. Stephens boosted their price target on shares of Saia from $481.00 to $515.00 and gave the company an "overweight" rating in a report on Tuesday, October 29th. Citigroup dropped their price objective on shares of Saia from $651.00 to $644.00 and set a "buy" rating on the stock in a report on Wednesday, December 4th. Finally, Benchmark restated a "buy" rating and issued a $480.00 target price on shares of Saia in a research report on Thursday, September 19th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $515.53.
Read Our Latest Stock Report on Saia
Saia Stock Up 2.8 %
NASDAQ SAIA traded up $13.36 on Wednesday, hitting $484.21. 488,602 shares of the stock traded hands, compared to its average volume of 319,582. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. The stock has a 50-day moving average of $509.17 and a 200 day moving average of $459.54. Saia has a twelve month low of $358.90 and a twelve month high of $628.34. The company has a market capitalization of $12.88 billion, a P/E ratio of 34.59, a price-to-earnings-growth ratio of 2.96 and a beta of 1.79.
Saia (NASDAQ:SAIA - Get Free Report) last posted its quarterly earnings results on Friday, October 25th. The transportation company reported $3.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.53 by ($0.07). The firm had revenue of $842.10 million for 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%. The business's revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the company posted $3.67 earnings per share. As a group, analysts expect that Saia will post 13.51 earnings per share for the current fiscal year.
Insider Activity at Saia
In other Saia news, EVP Rohit Lal sold 1,120 shares of the business'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 sale, the executive vice president now owns 8,270 shares in the company, valued at approximately $4,631,200. The trade was a 11.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.30% of the company's stock.
Hedge Funds Weigh In On Saia
Institutional investors have recently added to or reduced their stakes in the company. Oddo BHF Asset Management Sas acquired a new stake in Saia in the 3rd quarter valued at about $1,408,000. MML Investors Services LLC boosted its position in Saia by 89.8% during the third quarter. MML Investors Services LLC now owns 4,313 shares of the transportation company's stock worth $1,886,000 after purchasing an additional 2,041 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new position in shares of Saia in the third quarter valued at $22,979,000. BNP Paribas Financial Markets increased its holdings in shares of Saia by 61.7% in the third quarter. BNP Paribas Financial Markets now owns 3,698 shares of the transportation company's stock valued at $1,617,000 after purchasing an additional 1,411 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in shares of Saia by 6.0% in the third quarter. Franklin Resources Inc. now owns 68,474 shares of the transportation company's stock valued at $31,633,000 after purchasing an additional 3,886 shares during the period.
About Saia
(
Get Free Report)
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.
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