Saia (NASDAQ:SAIA) Price Target Raised to $443.00 at Stifel Nicolaus

Saia (NASDAQ:SAIA) had its price objective lifted by Stifel Nicolaus from $440.00 to $443.00 in a report published on Wednesday,Benzinga reports. Stifel Nicolaus currently has a hold rating on the transportation company’s stock.

A number of other equities analysts also recently weighed in on the stock. JPMorgan Chase & Co. boosted their price target on shares of Saia from $499.00 to $566.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. BMO Capital Markets increased their target price on shares of Saia from $465.00 to $495.00 and gave the company a “market perform” rating in a research report on Monday, October 28th. Jefferies Financial Group upped their price objective on Saia from $525.00 to $560.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Evercore ISI lowered their target price on Saia from $503.00 to $488.00 and set an “outperform” rating on the stock in a research note on Thursday, October 3rd. Finally, Citigroup dropped their price target on Saia from $651.00 to $644.00 and set a “buy” rating on the stock in a research report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $515.53.

Saia Stock Up 2.8 %

Shares of NASDAQ:SAIA opened at $484.21 on Wednesday. Saia has a 12-month low of $358.90 and a 12-month high of $628.34. The stock has a market cap of $12.88 billion, a price-to-earnings ratio of 34.59, a PEG ratio of 2.12 and a beta of 1.79. The business’s 50 day moving average is $509.17 and its 200 day moving average is $459.54. 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) last released its 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 business had revenue of $842.10 million during the quarter, compared to the consensus estimate 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 earned $3.67 earnings per share. On average, sell-side analysts forecast that Saia will post 13.49 earnings per share for the current fiscal year.

Insider Buying and Selling

In other 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 value of $627,200.00. Following 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.30% of the stock is owned by corporate insiders.

Institutional Trading of Saia

Large investors have recently added to or reduced their stakes in the stock. Oak Ridge Investments LLC increased its stake in shares of Saia by 2.7% during the fourth quarter. Oak Ridge Investments LLC now owns 20,731 shares of the transportation company’s stock valued at $9,448,000 after purchasing an additional 548 shares in the last quarter. Redhawk Wealth Advisors Inc. boosted its holdings in Saia by 4.4% in the fourth quarter. Redhawk Wealth Advisors Inc. now owns 6,783 shares of the transportation company’s stock worth $3,091,000 after acquiring an additional 283 shares in the last quarter. Park Avenue Securities LLC grew its stake in shares of Saia by 14.7% in the fourth quarter. Park Avenue Securities LLC now owns 1,267 shares of the transportation company’s stock worth $577,000 after acquiring an additional 162 shares during the last quarter. Fifth Third Wealth Advisors LLC increased its holdings in shares of Saia by 16.7% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 1,110 shares of the transportation company’s stock valued at $506,000 after acquiring an additional 159 shares in the last quarter. Finally, Everence Capital Management Inc. bought a new position in Saia in the 4th quarter worth about $301,000.

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.