Saia (NASDAQ:SAIA) Given New $463.00 Price Target at JPMorgan Chase & Co.

Saia (NASDAQ:SAIA) had its price objective decreased by JPMorgan Chase & Co. from $490.00 to $463.00 in a report issued on Monday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the transportation company’s stock.

Several other research analysts have also commented on the company. Bank of America reiterated a “buy” rating on shares of Saia in a research report on Friday, September 4th. Susquehanna reduced their price objective on Saia from $412.00 to $360.00 and set a “neutral” rating on the stock in a research note on Friday. Stephens decreased their price objective on shares of Saia from $520.00 to $490.00 and set an “overweight” rating for the company in a report on Friday, July 31st. Citigroup lowered their target price on shares of Saia from $423.00 to $417.00 and set a “buy” rating for the company in a research note on Tuesday, September 8th. Finally, Raymond James Financial dropped their target price on shares of Saia from $477.00 to $475.00 and set an “outperform” rating on the stock in a report on Monday, July 13th. Fourteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $441.16.

Saia Trading Down 1.4%

NASDAQ SAIA opened at $346.14 on Monday. The company has a market capitalization of $9.23 billion, a price-to-earnings ratio of 33.41, a price-to-earnings-growth ratio of 2.83 and a beta of 2.19. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.58 and a quick ratio of 1.58. Saia has a 12 month low of $249.32 and a 12 month high of $494.71. The company’s fifty day moving average price is $353.93 and its two-hundred day moving average price is $399.47.

Saia (NASDAQ:SAIA) last released its earnings results on Thursday, July 30th. The transportation company reported $3.51 earnings per share for the quarter, topping the consensus estimate of $3.38 by $0.13. Saia had a net margin of 8.19% and a return on equity of 10.21%. The company had revenue of $956.49 million during the quarter, compared to the consensus estimate of $956.20 million. During the same quarter in the previous year, the firm earned $2.67 EPS. The company’s revenue was up 17.1% on a year-over-year basis. As a group, research analysts predict that Saia will post 11.43 earnings per share for the current fiscal year.

Institutional Trading of Saia

Hedge funds have recently made changes to their positions in the stock. Azimuth Capital Investment Management LLC acquired a new stake in Saia during the second quarter valued at approximately $9,789,000. Montag A & Associates Inc. acquired a new position in Saia in the first quarter worth approximately $1,505,000. Marks Group Wealth Management Inc grew its holdings in shares of Saia by 32.9% in the 1st quarter. Marks Group Wealth Management Inc now owns 19,040 shares of the transportation company’s stock worth $6,688,000 after acquiring an additional 4,717 shares during the last quarter. London Co. of Virginia raised its holdings in Saia by 10.5% during the 1st quarter. London Co. of Virginia now owns 86,774 shares of the transportation company’s stock worth $30,484,000 after buying an additional 8,255 shares during the period. Finally, California State Teachers Retirement System boosted its holdings in shares of Saia by 23.1% in the first quarter. California State Teachers Retirement System now owns 30,917 shares of the transportation company’s stock worth $10,861,000 after buying an additional 5,810 shares during the period.

About Saia

Saia, Inc is a transportation and logistics company headquartered in Johns Creek, Georgia. Its primary business is less-than-truckload (LTL) freight transportation, serving shippers whose shipments do not require a full truck. Through its Saia LTL Freight subsidiary, the company provides regional and interregional freight services, including standard, expedited and time-definite delivery options.

Saia also provides third-party logistics services through Saia Logistics Services. These offerings can include the coordination of truckload, LTL, intermodal and other transportation solutions, allowing customers to manage a broader range of shipping needs through one provider.

The company traces its history to 1924, when it began operations in Louisiana.