Saia (NASDAQ:SAIA - Free Report) had its target price upped by Susquehanna from $530.00 to $540.00 in a report released on Tuesday morning,Benzinga reports. Susquehanna currently has a neutral rating on the transportation company's stock.
Other equities analysts also recently issued reports about the company. Stephens boosted their price objective on Saia from $481.00 to $515.00 and gave the company an "overweight" rating in a research report on Tuesday, October 29th. BMO Capital Markets increased their price objective 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. Wells Fargo & Company lowered their target price on shares of Saia from $550.00 to $510.00 and set an "equal weight" rating on the stock in a report on Tuesday. Barclays cut their target price on shares of Saia from $620.00 to $600.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Saia from $566.00 to $558.00 and set an "overweight" rating on the stock in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, Saia has an average rating of "Moderate Buy" and an average target price of $535.41.
Read Our Latest Stock Report on Saia
Saia Stock Performance
Saia stock traded down $18.96 during midday trading on Tuesday, hitting $489.51. The stock had a trading volume of 274,716 shares, compared to its average volume of 391,610. Saia has a 52-week low of $358.90 and a 52-week high of $628.34. The company has a market capitalization 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 firm's fifty day moving average is $492.66 and its two-hundred day moving average is $462.24. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08.
Saia (NASDAQ:SAIA - Get Free Report) last announced 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 return on equity of 18.00% and a net margin of 11.83%. The firm had revenue of $789.00 million during the quarter, compared to analysts' expectations of $794.69 million. During the same period last year, the company earned $3.33 earnings per share. The business's revenue for the quarter was up 5.0% on a year-over-year basis. On average, research analysts forecast that Saia will post 13.47 EPS for the current year.
Insider Buying and Selling
In related news, EVP Rohit Lal sold 1,120 shares of the 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 transaction, the executive vice president now owns 8,270 shares of the company's stock, valued at $4,631,200. This represents a 11.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.30% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Saia
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Kestra Investment Management LLC purchased a new position in shares of Saia in the 4th quarter valued at $25,000. Paladin Wealth LLC purchased a new position in Saia in the third quarter valued at about $40,000. Tortoise Investment Management LLC raised its holdings in Saia by 76.6% in the fourth quarter. Tortoise Investment Management LLC now owns 113 shares of the transportation company's stock worth $51,000 after purchasing an additional 49 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of Saia by 47.8% during the fourth quarter. Jones Financial Companies Lllp now owns 201 shares of the transportation company's stock valued at $92,000 after buying an additional 65 shares during the last quarter. Finally, Tobam bought a new stake in shares of Saia in the 3rd quarter valued at about $100,000.
Saia Company Profile
(
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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