Saia, Inc. (NASDAQ:SAIA) Receives $507.50 Consensus Target Price from Brokerages

Shares of Saia, Inc. (NASDAQ:SAIA) have been given an average rating of “Moderate Buy” by the nineteen brokerages that are covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $484.39.

A number of analysts recently issued reports on SAIA shares. JPMorgan Chase & Co. dropped their target price on shares of Saia from $566.00 to $558.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. BMO Capital Markets raised shares of Saia from a “market perform” rating to an “outperform” rating and set a $455.00 target price on the stock in a research note on Monday, April 7th. Wells Fargo & Company decreased their price target on shares of Saia from $510.00 to $400.00 and set an “equal weight” rating for the company in a research report on Thursday, March 27th. Bank of America cut their price objective on Saia from $565.00 to $484.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Finally, Cowen reaffirmed a “hold” rating on shares of Saia in a research report on Tuesday, February 4th.

Saia Stock Up 3.1 %

Shares of NASDAQ SAIA opened at $340.64 on Tuesday. The stock has a market capitalization of $9.07 billion, a PE ratio of 25.21, a P/E/G ratio of 2.24 and a beta of 1.99. The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 0.08. The firm has a fifty day moving average of $393.15 and a 200-day moving average of $456.12. Saia has a 52-week low of $287.50 and a 52-week high of $624.55.

Saia (NASDAQ:SAIA) last posted its quarterly earnings results on Friday, February 7th. The transportation company reported $2.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.03). The firm had revenue of $789.00 million for the quarter, compared to analysts’ expectations of $794.69 million. Saia had a net margin of 11.28% and a return on equity of 16.63%. Saia’s revenue was up 5.0% on a year-over-year basis. During the same period last year, the firm posted $3.33 EPS. On average, analysts anticipate that Saia will post 15.46 EPS for the current year.

Insider Transactions at Saia

In other news, CFO Matthew J. Batteh sold 700 shares of Saia stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $500.09, for a total value of $350,063.00. Following the completion of the transaction, the chief financial officer now owns 3,326 shares in the company, valued at approximately $1,663,299.34. This trade represents a 17.39 % 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. Also, CAO Kelly W. Benton sold 460 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $500.00, for a total value of $230,000.00. Following the sale, the chief accounting officer now directly owns 4,287 shares in the company, valued at approximately $2,143,500. This represents a 9.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,493 shares of company stock valued at $4,646,181. Insiders own 0.30% of the company’s stock.

Institutional Trading of Saia

Several institutional investors have recently added to or reduced their stakes in the business. Centiva Capital LP bought a new stake in shares of Saia during the 3rd quarter valued at about $474,000. Quantinno Capital Management LP grew its holdings in shares of Saia by 66.7% during the third quarter. Quantinno Capital Management LP now owns 827 shares of the transportation company’s stock valued at $362,000 after purchasing an additional 331 shares during the last quarter. State Street Corp raised its position in shares of Saia by 3.1% during the 3rd quarter. State Street Corp now owns 805,597 shares of the transportation company’s stock worth $352,255,000 after purchasing an additional 24,351 shares during the period. Weiss Asset Management LP bought a new stake in shares of Saia in the 3rd quarter worth approximately $1,040,000. Finally, Orion Portfolio Solutions LLC boosted its position in Saia by 31.2% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 2,231 shares of the transportation company’s stock valued at $976,000 after purchasing an additional 530 shares during the period.

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.