Stifel Nicolaus Issues Positive Forecast for Saia (NASDAQ:SAIA) Stock Price

Saia (NASDAQ:SAIA) had its price target lifted by Stifel Nicolaus from $443.00 to $529.00 in a research note released on Thursday morning,Benzinga reports. They currently have a hold rating on the transportation company’s stock.

Other research analysts have also issued research reports about the stock. Barclays cut their target price on shares of Saia from $620.00 to $600.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. BMO Capital Markets boosted their price objective on Saia from $465.00 to $495.00 and gave the stock a “market perform” rating in a research report on Monday, October 28th. Evercore ISI lowered their target price on Saia from $503.00 to $488.00 and set an “outperform” rating on the stock in a report on Thursday, October 3rd. JPMorgan Chase & Co. upped their price target on Saia from $499.00 to $566.00 and gave the stock an “overweight” rating in a report on Friday, December 6th. Finally, Susquehanna restated a “neutral” rating and issued a $530.00 price objective (down previously from $565.00) on shares of Saia in a research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $527.65.

Saia Stock Performance

Shares of NASDAQ SAIA opened at $501.55 on Thursday. The business’s 50-day simple moving average is $503.91 and its 200-day simple moving average is $460.41. Saia has a 52 week low of $358.90 and a 52 week high of $628.34. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market cap of $13.34 billion, a price-to-earnings ratio of 35.83, a P/E/G ratio of 2.38 and a beta of 1.79.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Friday, October 25th. The transportation company reported $3.46 EPS for the quarter, missing analysts’ consensus estimates of $3.53 by ($0.07). The firm had revenue of $842.10 million during the quarter, compared to the consensus estimate of $839.82 million. Saia had a net margin of 11.83% and a return on equity of 18.00%. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business earned $3.67 EPS. As a group, equities research analysts expect that Saia will post 13.47 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Rohit Lal sold 1,120 shares of Saia stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $560.00, for a total value of $627,200.00. Following the completion of the transaction, the executive vice president now owns 8,270 shares in the company, valued at approximately $4,631,200. The trade was a 11.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Saia

Large investors have recently bought and sold shares of the business. Paladin Wealth LLC acquired a new position in Saia in the third quarter worth $40,000. Quarry LP acquired a new position in Saia during the 2nd quarter worth about $41,000. Tobam acquired a new position in Saia during the 3rd quarter worth about $100,000. Blue Trust Inc. grew its holdings in Saia by 319.1% during the 3rd quarter. Blue Trust Inc. now owns 285 shares of the transportation company’s stock worth $135,000 after acquiring an additional 217 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Saia by 148.0% in the 4th quarter. GAMMA Investing LLC now owns 367 shares of the transportation company’s stock valued at $167,000 after acquiring an additional 219 shares in the last quarter.

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.