Saia (NASDAQ:SAIA) PT Raised to $604.00 at Raymond James

Saia (NASDAQ:SAIA) had its price objective lifted by Raymond James from $565.00 to $604.00 in a research report sent to investors on Monday morning, Benzinga reports. Raymond James currently has an outperform rating on the transportation company’s stock.

A number of other equities analysts have also commented on SAIA. BMO Capital Markets raised their target price on shares of Saia from $450.00 to $515.00 and gave the stock a market perform rating in a research report on Monday, February 5th. Stifel Nicolaus downgraded shares of Saia from a buy rating to a hold rating and increased their price objective for the company from $484.00 to $526.00 in a research note on Tuesday, February 6th. Benchmark increased their price objective on shares of Saia from $575.00 to $625.00 and gave the company a buy rating in a research note on Thursday, March 21st. Susquehanna increased their price objective on shares of Saia from $500.00 to $625.00 and gave the company a positive rating in a research note on Thursday, February 8th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Saia in a research note on Monday, March 11th. They set an overweight rating and a $676.00 price objective on the stock. One equities 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 company. According to MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of $500.84.

Saia Stock Performance

Shares of NASDAQ:SAIA opened at $522.53 on Monday. The firm has a market cap of $13.89 billion, a PE ratio of 39.38, a price-to-earnings-growth ratio of 1.80 and a beta of 1.62. The firm’s 50 day simple moving average is $573.54 and its 200-day simple moving average is $474.35. Saia has a one year low of $244.69 and a one year high of $628.34.

Saia (NASDAQ:SAIA) last issued its earnings results on Friday, February 2nd. The transportation company reported $3.33 EPS for the quarter, topping analysts’ consensus estimates of $3.20 by $0.13. The business had revenue of $751.10 million for the quarter, compared to analyst estimates of $745.48 million. Saia had a net margin of 12.31% and a return on equity of 19.75%. The company’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period last year, the company posted $2.65 earnings per share. Equities research analysts predict that Saia will post 16.13 EPS for the current fiscal year.

Insiders Place Their Bets

In other Saia news, CFO Douglas L. Col sold 1,812 shares of the firm’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $557.75, for a total value of $1,010,643.00. Following the completion of the transaction, the chief financial officer now owns 5,623 shares of the company’s stock, valued at $3,136,228.25. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Saia news, CFO Douglas L. Col sold 1,812 shares of the firm’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $557.75, for a total value of $1,010,643.00. Following the completion of the transaction, the chief financial officer now owns 5,623 shares of the company’s stock, valued at $3,136,228.25. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Rohit Lal sold 2,870 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $536.55, for a total transaction of $1,539,898.50. Following the completion of the transaction, the vice president now directly owns 8,482 shares of the company’s stock, valued at approximately $4,551,017.10. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,699 shares of company stock valued at $14,966,813. Insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Contravisory Investment Management Inc. purchased a new position in shares of Saia during the fourth quarter worth $26,000. Pineridge Advisors LLC purchased a new position in shares of Saia during the fourth quarter worth $26,000. Rise Advisors LLC purchased a new position in shares of Saia during the first quarter worth $40,000. Core Wealth Advisors Inc. purchased a new position in shares of Saia during the fourth quarter worth $32,000. Finally, GAMMA Investing LLC purchased a new position in shares of Saia during the fourth quarter worth $43,000.

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.