Saia, Inc. (NASDAQ:SAIA) Receives $526.39 Average Target Price from Brokerages

Saia, Inc. (NASDAQ:SAIA) has received an average recommendation of “Moderate Buy” from the nineteen analysts that are covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $526.39.

SAIA has been the subject of a number of analyst reports. Barclays lowered their target price on shares of Saia from $600.00 to $535.00 and set an “overweight” rating for the company in a research note on Monday, March 10th. JPMorgan Chase & Co. lowered their target price on shares of Saia from $566.00 to $558.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. Bank of America lowered their target price on shares of Saia from $565.00 to $484.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Raymond James reduced their price target on shares of Saia from $560.00 to $540.00 and set an “outperform” rating for the company in a report on Tuesday, February 4th. Finally, Cowen restated a “hold” rating on shares of Saia in a report on Tuesday, February 4th.

Saia Price Performance

SAIA stock opened at $353.64 on Friday. The company has a fifty day moving average price of $452.28 and a 200-day moving average price of $467.36. The company has a market capitalization of $9.42 billion, a P/E ratio of 26.18, a PEG ratio of 2.24 and a beta of 1.89. Saia has a 52-week low of $347.11 and a 52-week high of $624.55. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57.

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

Insider Buying and Selling at Saia

In related news, EVP Patrick D. Sugar sold 799 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $493.74, for a total transaction of $394,498.26. Following the sale, the executive vice president now directly owns 8,629 shares in the company, valued at approximately $4,260,482.46. This represents a 8.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Matthew J. Batteh sold 700 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $500.09, for a total transaction of $350,063.00. Following the sale, the chief financial officer now owns 3,326 shares in the company, valued at $1,663,299.34. The trade was a 17.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,493 shares of company stock worth $4,646,181 over the last three months. 0.30% of the stock is currently owned by insiders.

Institutional Trading of Saia

Institutional investors have recently modified their holdings of the business. Oddo BHF Asset Management Sas purchased a new stake in shares of Saia during the 3rd quarter valued at approximately $1,408,000. Highview Capital Management LLC DE purchased a new stake in shares of Saia during the 4th quarter valued at approximately $1,324,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Saia during the 4th quarter valued at approximately $3,363,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Saia by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 226,137 shares of the transportation company’s stock valued at $103,057,000 after buying an additional 4,972 shares in the last quarter. Finally, Legato Capital Management LLC lifted its stake in shares of Saia by 100.6% during the 4th quarter. Legato Capital Management LLC now owns 1,565 shares of the transportation company’s stock valued at $713,000 after buying an additional 785 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.