Saia (NASDAQ:SAIA – Free Report) had its price target hoisted by Jefferies Financial Group from $525.00 to $560.00 in a report released on Friday morning,Benzinga reports. Jefferies Financial Group currently has a buy rating on the transportation company’s stock.
Several other brokerages also recently weighed in on SAIA. Stephens upped their target price on Saia from $481.00 to $515.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. The Goldman Sachs Group increased their price objective on shares of Saia from $492.00 to $563.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. Evercore ISI reduced their target price on shares of Saia from $503.00 to $488.00 and set an “outperform” rating on the stock in a research report on Thursday, October 3rd. JPMorgan Chase & Co. raised their price target on shares of Saia from $499.00 to $566.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Finally, Stifel Nicolaus lowered shares of Saia from a “buy” rating to a “hold” rating and cut their price objective for the stock from $440.00 to $437.00 in a report on Monday, October 21st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $515.18.
Check Out Our Latest Research Report on SAIA
Saia Trading Up 0.5 %
Saia (NASDAQ:SAIA – Get Free Report) last issued its 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). Saia had a net margin of 11.83% and a return on equity of 18.00%. The business had revenue of $842.10 million during the quarter, compared to analysts’ expectations of $839.82 million. During the same period in the prior year, the business posted $3.67 EPS. The business’s revenue was up 8.6% on a year-over-year basis. On average, sell-side analysts predict that Saia will post 13.51 EPS for the current year.
Insider Buying and Selling
In other Saia news, EVP Rohit Lal sold 1,120 shares of Saia stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $560.00, for a total transaction of $627,200.00. Following the sale, the executive vice president now owns 8,270 shares of the company’s stock, valued at $4,631,200. The trade was a 11.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.30% of the company’s stock.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the business. Kayne Anderson Rudnick Investment Management LLC grew its position in Saia by 2.6% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 869,859 shares of the transportation company’s stock valued at $412,566,000 after buying an additional 22,143 shares in the last quarter. State Street Corp boosted its holdings in shares of Saia by 3.1% in the third quarter. State Street Corp now owns 805,597 shares of the transportation company’s stock valued at $352,255,000 after acquiring an additional 24,351 shares in the last quarter. Wasatch Advisors LP boosted its holdings in shares of Saia by 10.2% in the third quarter. Wasatch Advisors LP now owns 692,405 shares of the transportation company’s stock valued at $302,761,000 after acquiring an additional 64,351 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Saia by 1.4% during the third quarter. Geode Capital Management LLC now owns 471,667 shares of the transportation company’s stock valued at $206,292,000 after acquiring an additional 6,456 shares during the period. Finally, Westfield Capital Management Co. LP raised its holdings in Saia by 11.8% during the third quarter. Westfield Capital Management Co. LP now owns 303,582 shares of the transportation company’s stock worth $132,744,000 after purchasing an additional 31,991 shares in the last quarter.
About Saia
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.
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