Analysts Set Saia, Inc. (NASDAQ:SAIA) Price Target at $506.00

Saia, Inc. (NASDAQ:SAIA) has earned a consensus rating of “Moderate Buy” from the seventeen analysts that are covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $510.59.

Several equities analysts have commented on the company. Stephens raised their price objective on Saia from $481.00 to $515.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. Stifel Nicolaus lowered Saia from a “buy” rating to a “hold” rating and lowered their price objective for the company from $440.00 to $437.00 in a research report on Monday, October 21st. Wolfe Research raised Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 price target for the company in a research report on Wednesday, October 9th. BMO Capital Markets lifted their price target on Saia from $465.00 to $495.00 and gave the stock a “market perform” rating in a research report on Monday, October 28th. Finally, Evercore ISI lowered their price target on Saia from $503.00 to $488.00 and set an “outperform” rating for the company in a research report on Thursday, October 3rd.

Saia Stock Performance

Shares of Saia stock opened at $515.93 on Wednesday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $13.72 billion, a P/E ratio of 36.85, a P/E/G ratio of 3.02 and a beta of 1.74. The business has a fifty day simple moving average of $493.86 and a two-hundred day simple moving average of $450.06. Saia has a 12 month low of $358.90 and a 12 month high of $628.34.

Saia (NASDAQ:SAIA) last announced its quarterly earnings data on Friday, October 25th. The transportation company reported $3.46 EPS for the quarter, missing the consensus estimate of $3.53 by ($0.07). The firm had revenue of $842.10 million for the quarter, compared to analysts’ expectations of $839.82 million. Saia had a net margin of 11.83% and a return on equity of 18.00%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business posted $3.67 EPS. On average, equities analysts forecast that Saia will post 13.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Saia news, EVP Rohit Lal sold 1,120 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $560.00, for a total transaction of $627,200.00. Following the completion of the sale, the executive vice president now directly owns 8,270 shares in the company, valued at $4,631,200. The trade was a 11.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Saia

A number of large investors have recently made changes to their positions in the company. Fifth Third Bancorp grew its stake in shares of Saia by 10.5% during the 2nd quarter. Fifth Third Bancorp now owns 232 shares of the transportation company’s stock valued at $110,000 after purchasing an additional 22 shares during the period. LRI Investments LLC grew its stake in shares of Saia by 6.6% during the 2nd quarter. LRI Investments LLC now owns 386 shares of the transportation company’s stock valued at $183,000 after acquiring an additional 24 shares during the period. CIBC Asset Management Inc grew its stake in shares of Saia by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 770 shares of the transportation company’s stock valued at $337,000 after acquiring an additional 26 shares during the period. Legacy Wealth Asset Management LLC grew its stake in shares of Saia by 4.1% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 770 shares of the transportation company’s stock valued at $337,000 after acquiring an additional 30 shares during the period. Finally, MJP Associates Inc. ADV grew its stake in shares of Saia by 5.6% during the 2nd quarter. MJP Associates Inc. ADV now owns 659 shares of the transportation company’s stock valued at $313,000 after acquiring an additional 35 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.