Saia's (SAIA) Overweight Rating Reaffirmed at Stephens

Saia (NASDAQ:SAIA - Get Free Report)'s stock had its "overweight" rating reissued by equities research analysts at Stephens in a research note issued on Thursday,Benzinga reports. They currently have a $600.00 price target on the transportation company's stock. Stephens' price objective would indicate a potential upside of 21.07% from the stock's previous close.

A number of other research firms also recently issued reports on SAIA. The Goldman Sachs Group raised their price target on Saia from $492.00 to $563.00 and gave the stock a "neutral" rating in a research note on Thursday, December 12th. TD Cowen boosted their price target on Saia from $456.00 to $478.00 and gave the company a "hold" rating in a research note on Tuesday, February 4th. Raymond James reduced their price target on shares of Saia from $560.00 to $540.00 and set an "outperform" rating for the company in a research report on Tuesday, February 4th. Stifel Nicolaus raised their price objective on shares of Saia from $443.00 to $529.00 and gave the stock a "hold" rating in a report on Thursday, January 23rd. Finally, BMO Capital Markets upped their target price on shares of Saia from $465.00 to $495.00 and gave the company a "market perform" rating in a report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $535.41.

Saia Stock Performance

SAIA traded up $6.05 during midday trading on Thursday, hitting $495.56. 185,982 shares of the company traded hands, compared to its average volume of 384,067. The company's 50-day moving average is $491.07 and its 200 day moving average is $461.95. The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $13.18 billion, a PE ratio of 36.68, a price-to-earnings-growth ratio of 2.51 and a beta of 1.79. Saia has a 52 week low of $358.90 and a 52 week high of $628.34.

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). Saia had a net margin of 11.28% and a return on equity of 16.63%. The company had revenue of $789.00 million for the quarter, compared to the consensus estimate of $794.69 million. During the same quarter last year, the company earned $3.33 EPS. The firm's revenue for the quarter was up 5.0% on a year-over-year basis. On average, research analysts expect that Saia will post 15.46 EPS for the current year.

Insider Transactions at Saia

In other news, EVP Rohit Lal sold 1,120 shares of the firm's stock in a transaction dated Thursday, November 21st. The stock was 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 $4,631,200. This trade represents a 11.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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. Kestra Investment Management LLC bought a new position in shares of Saia during the 4th quarter valued at approximately $25,000. Atala Financial Inc purchased a new stake in Saia during the fourth quarter valued at $36,000. Paladin Wealth LLC bought a new position in Saia during the third quarter valued at $40,000. Tortoise Investment Management LLC grew its stake in shares of Saia by 76.6% in the 4th quarter. Tortoise Investment Management LLC now owns 113 shares of the transportation company's stock worth $51,000 after buying an additional 49 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in shares of Saia by 47.8% in the 4th quarter. Jones Financial Companies Lllp now owns 201 shares of the transportation company's stock worth $92,000 after buying an additional 65 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.