Saia (NASDAQ:SAIA) Price Target Raised to $326.00

Saia (NASDAQ:SAIA) had its price objective lifted by TD Cowen from $283.00 to $326.00 in a report released on Friday morning,Benzinga reports. They currently have a hold rating on the transportation company’s stock.

SAIA has been the subject of a number of other research reports. Rothschild & Co Redburn initiated coverage on Saia in a research note on Wednesday, November 26th. They issued a “neutral” rating and a $262.00 target price for the company. Cowen reiterated a “hold” rating on shares of Saia in a report on Friday. Stifel Nicolaus boosted their target price on shares of Saia from $292.00 to $343.00 and gave the company a “hold” rating in a report on Tuesday, December 16th. Wells Fargo & Company reduced their target price on shares of Saia from $365.00 to $330.00 and set an “equal weight” rating on the stock in a research report on Monday, October 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Saia in a research note on Monday, December 29th. Eleven research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $339.25.

Saia Trading Up 0.1%

Shares of SAIA opened at $366.96 on Friday. Saia has a 1-year low of $229.12 and a 1-year high of $538.03. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.09. The firm’s 50-day moving average price is $310.97 and its 200-day moving average price is $303.87. The firm has a market capitalization of $9.78 billion, a price-to-earnings ratio of 34.65 and a beta of 2.09.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Thursday, October 30th. The transportation company reported $2.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.53 by $0.28. The company had revenue of $839.64 million during the quarter, compared to the consensus estimate of $824.06 million. Saia had a net margin of 8.77% and a return on equity of 11.32%. Saia’s revenue was down .3% on a year-over-year basis. During the same period in the prior year, the firm earned $3.46 earnings per share. Sell-side analysts anticipate that Saia will post 15.46 EPS for the current year.

Insider Activity at Saia

In other news, Director Donna E. Epps acquired 422 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The stock was bought at an average cost of $277.60 per share, for a total transaction of $117,147.20. Following the acquisition, the director directly owned 1,852 shares in the company, valued at approximately $514,115.20. The trade was a 29.51% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Raymond R. Ramu sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $266.57, for a total value of $266,570.00. Following the completion of the transaction, the vice president directly owned 4,902 shares in the company, valued at $1,306,726.14. This trade represents a 16.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.30% of the company’s stock.

Institutional Trading of Saia

A number of institutional investors and hedge funds have recently modified their holdings of the business. State of Wyoming bought a new position in shares of Saia during the third quarter valued at $30,000. Parkside Financial Bank & Trust raised its position in Saia by 177.5% in the 2nd quarter. Parkside Financial Bank & Trust now owns 111 shares of the transportation company’s stock worth $30,000 after buying an additional 71 shares during the last quarter. Allworth Financial LP lifted its stake in Saia by 69.0% during the 3rd quarter. Allworth Financial LP now owns 142 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 58 shares during the period. AlphaQuest LLC bought a new position in Saia during the 2nd quarter valued at about $41,000. Finally, Annis Gardner Whiting Capital Advisors LLC boosted its holdings in shares of Saia by 6,400.0% during the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 195 shares of the transportation company’s stock valued at $58,000 after acquiring an additional 192 shares during the last quarter.

Saia Company Profile

Saia, Inc is a publicly traded transportation company specializing in less-than-truckload (LTL) freight services across North America. Headquartered in Johns Creek, Georgia, the company focuses on the efficient movement of time-sensitive freight for a diverse customer base that spans retail, manufacturing, automotive, and healthcare industries. By leveraging a network of terminals and service centers, Saia provides tailored solutions designed to optimize supply chain performance.

The company’s core offerings include regional, interregional, and national LTL shipping, supported by volumetric LTL and port intermodal services.