JPMorgan Chase & Co. Issues Positive Forecast for Saia (NASDAQ:SAIA) Stock Price

Saia (NASDAQ:SAIA) had its target price lifted by JPMorgan Chase & Co. from $499.00 to $566.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “overweight” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 9.70% from the company’s current price.

SAIA has been the subject of a number of other research reports. Citigroup dropped their target price on shares of Saia from $651.00 to $644.00 and set a “buy” rating for the company in a report on Wednesday. Susquehanna upped their price target on shares of Saia from $550.00 to $585.00 and gave the stock a “positive” rating in a report on Wednesday, September 18th. TD Cowen raised their price objective on Saia from $416.00 to $418.00 and gave the company a “hold” rating in a report on Thursday, September 5th. Stephens increased their target price on Saia from $481.00 to $515.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. Finally, Stifel Nicolaus cut Saia from a “buy” rating to a “hold” rating and reduced their price target for the stock from $440.00 to $437.00 in a report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $510.59.

Saia Trading Down 0.2 %

Shares of Saia stock opened at $515.93 on Friday. Saia has a 12-month low of $358.90 and a 12-month high of $628.34. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.08. The business’s 50 day moving average is $493.86 and its 200-day moving average is $450.55. The stock has a market cap of $13.72 billion, a P/E ratio of 36.85, a P/E/G ratio of 3.04 and a beta of 1.74.

Saia (NASDAQ:SAIA) last issued its quarterly earnings data 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). Saia had a return on equity of 18.00% and a net margin of 11.83%. The company had revenue of $842.10 million for the quarter, compared to analyst estimates of $839.82 million. During the same quarter last year, the business earned $3.67 earnings per share. The company’s revenue was up 8.6% on a year-over-year basis. Equities research analysts predict that Saia will post 13.53 earnings per share for the current fiscal year.

Insider Buying and Selling at Saia

In related news, EVP Rohit Lal sold 1,120 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $4,631,200. This trade represents a 11.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.30% of the company’s stock.

Institutional Trading of Saia

Several institutional investors and hedge funds have recently modified their holdings of the stock. Fifth Third Bancorp raised its position in Saia by 10.5% in the 2nd quarter. Fifth Third Bancorp now owns 232 shares of the transportation company’s stock valued at $110,000 after buying an additional 22 shares during the last quarter. LRI Investments LLC raised its holdings in shares of Saia by 6.6% in the second quarter. LRI Investments LLC now owns 386 shares of the transportation company’s stock valued at $183,000 after purchasing an additional 24 shares during the last quarter. CIBC Asset Management Inc lifted its position in shares of Saia by 3.5% during the third quarter. CIBC Asset Management Inc now owns 770 shares of the transportation company’s stock valued at $337,000 after purchasing an additional 26 shares in the last quarter. Legacy Wealth Asset Management LLC boosted its holdings in Saia by 4.1% during the third quarter. Legacy Wealth Asset Management LLC now owns 770 shares of the transportation company’s stock worth $337,000 after purchasing an additional 30 shares during the last quarter. Finally, MJP Associates Inc. ADV grew its position in Saia by 5.6% in the 2nd quarter. MJP Associates Inc. ADV now owns 659 shares of the transportation company’s stock worth $313,000 after purchasing an additional 35 shares in the last quarter.

About Saia

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.