Saia (NASDAQ:SAIA) Price Target Raised to $365.00

Saia (NASDAQ:SAIA) had its price target hoisted by JPMorgan Chase & Co. from $349.00 to $365.00 in a research report released on Monday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the transportation company’s stock.

A number of other research firms have also weighed in on SAIA. Susquehanna boosted their target price on shares of Saia from $350.00 to $390.00 and gave the stock a “positive” rating in a report on Monday, January 5th. Citigroup boosted their price objective on shares of Saia from $365.00 to $431.00 and gave the stock a “buy” rating in a research note on Wednesday, January 7th. Stephens raised Saia from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $308.00 to $414.00 in a research report on Tuesday, January 6th. Rothschild & Co Redburn started coverage on Saia in a report on Wednesday, November 26th. They set a “neutral” rating and a $262.00 target price on the stock. Finally, UBS Group upped their price target on Saia from $305.00 to $374.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. Ten investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Saia presently has a consensus rating of “Hold” and an average target price of $342.45.

Saia Price Performance

Shares of SAIA opened at $358.22 on Monday. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.09. The stock has a market cap of $9.54 billion, a PE ratio of 33.83 and a beta of 2.09. Saia has a 12-month low of $229.12 and a 12-month high of $538.03. The business has a 50-day simple moving average of $315.46 and a two-hundred day simple moving average of $305.47.

Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Thursday, October 30th. The transportation company reported $2.81 EPS for the quarter, beating analysts’ consensus estimates of $2.53 by $0.28. Saia had a return on equity of 11.32% and a net margin of 8.77%.The firm had revenue of $839.64 million for the quarter, compared to analyst estimates of $824.06 million. During the same period last year, the firm posted $3.46 earnings per share. The business’s revenue for the quarter was down .3% on a year-over-year basis. Analysts anticipate that Saia will post 15.46 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Saia news, VP Raymond R. Ramu sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $266.57, for a total value of $266,570.00. Following the transaction, the vice president directly owned 4,902 shares of the company’s stock, valued at approximately $1,306,726.14. The trade was a 16.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Donna E. Epps acquired 422 shares of Saia stock in a transaction dated Wednesday, November 26th. The shares were bought at an average cost of $277.60 per share, with a total value of $117,147.20. Following the transaction, the director owned 1,852 shares in the company, valued at approximately $514,115.20. This trade represents a 29.51% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 0.30% of the company’s stock.

Institutional Investors Weigh In On Saia

A number of institutional investors and hedge funds have recently made changes to their positions in SAIA. Parkside Financial Bank & Trust grew its position in shares of Saia by 177.5% during the 2nd quarter. Parkside Financial Bank & Trust now owns 111 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 71 shares during the period. State of Wyoming purchased a new position in shares of Saia during the 3rd quarter valued at $30,000. AlphaQuest LLC bought a new position in shares of Saia during the 2nd quarter worth $41,000. Allworth Financial LP increased its holdings in Saia by 69.0% in the 3rd quarter. Allworth Financial LP now owns 142 shares of the transportation company’s stock worth $43,000 after acquiring an additional 58 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in Saia by 52.9% in the 2nd quarter. Blue Trust Inc. now owns 208 shares of the transportation company’s stock valued at $57,000 after acquiring an additional 72 shares during the period.

Saia Company Profile

Saia, Inc is a publicly traded transportation company specializing in less-than-truckload (LTL) freight services across North America. Headquartered in Johns Creek, Georgia, the company focuses on the efficient movement of time-sensitive freight for a diverse customer base that spans retail, manufacturing, automotive, and healthcare industries. By leveraging a network of terminals and service centers, Saia provides tailored solutions designed to optimize supply chain performance.

The company’s core offerings include regional, interregional, and national LTL shipping, supported by volumetric LTL and port intermodal services.