Saia (NASDAQ:SAIA – Get Free Report) had its price objective upped by analysts at Stifel Nicolaus from $443.00 to $529.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “hold” rating on the transportation company’s stock. Stifel Nicolaus’ price objective would suggest a potential upside of 7.02% from the company’s current price.
Other analysts also recently issued research reports about the stock. JPMorgan Chase & Co. lifted their target price on shares of Saia from $499.00 to $566.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Susquehanna reaffirmed a “neutral” rating and issued a $530.00 price objective (down previously from $565.00) on shares of Saia in a report on Tuesday, January 7th. Stephens boosted 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 raised their price target on Saia from $492.00 to $563.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. Finally, BMO Capital Markets upped their price objective on Saia from $465.00 to $495.00 and gave the stock a “market perform” rating in a report on Monday, October 28th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $527.65.
View Our Latest Stock Analysis on SAIA
Saia Stock Down 1.4 %
Saia (NASDAQ:SAIA – Get Free Report) last issued its quarterly earnings results on Friday, October 25th. The transportation company reported $3.46 earnings per share for the quarter, missing the consensus estimate of $3.53 by ($0.07). The company had revenue of $842.10 million for the quarter, compared to analyst estimates of $839.82 million. Saia had a return on equity of 18.00% and a net margin of 11.83%. Saia’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 earnings per share. As a group, research analysts expect that Saia will post 13.47 earnings per share for the current year.
Insider Activity
In other Saia news, EVP Rohit Lal sold 1,120 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $560.00, for a total transaction of $627,200.00. Following the transaction, the executive vice president now owns 8,270 shares of the company’s stock, valued at $4,631,200. This trade represents a 11.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.30% of the company’s stock.
Institutional Trading of Saia
Several institutional investors have recently made changes to their positions in the stock. Quarry LP acquired a new position in Saia in the second quarter valued at $41,000. Paladin Wealth LLC purchased a new position in shares of Saia in the 3rd quarter worth about $40,000. Tobam acquired a new position in shares of Saia in the 3rd quarter valued at about $100,000. Blue Trust Inc. grew its holdings in shares of 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 purchasing an additional 217 shares during the period. Finally, GAMMA Investing LLC increased its position in Saia by 148.0% during the 4th quarter. GAMMA Investing LLC now owns 367 shares of the transportation company’s stock worth $167,000 after purchasing an additional 219 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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