BMO Capital Markets Raises Saia (NASDAQ:SAIA) Price Target to $515.00

Saia (NASDAQ:SAIAFree Report) had its price target hoisted by BMO Capital Markets from $450.00 to $515.00 in a report published on Monday morning, Benzinga reports. They currently have a market perform rating on the transportation company’s stock.

Several other brokerages also recently weighed in on SAIA. Susquehanna raised Saia from a neutral rating to a positive rating and decreased their target price for the stock from $450.00 to $420.00 in a research report on Tuesday, October 31st. Benchmark reiterated a buy rating and issued a $475.00 price target on shares of Saia in a research note on Thursday, December 14th. Wolfe Research upgraded Saia from a peer perform rating to an outperform rating and set a $418.00 price target on the stock in a research note on Monday, October 30th. StockNews.com upgraded Saia from a sell rating to a hold rating in a research note on Monday, October 30th. Finally, The Goldman Sachs Group upped their price objective on Saia from $350.00 to $402.00 and gave the company a neutral rating in a research note on Monday, October 9th. One analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of $457.50.

Check Out Our Latest Report on Saia

Saia Stock Up 1.0 %

NASDAQ SAIA opened at $536.02 on Monday. Saia has a fifty-two week low of $244.69 and a fifty-two week high of $556.94. The stock has a market cap of $14.23 billion, a price-to-earnings ratio of 40.39, a price-to-earnings-growth ratio of 2.44 and a beta of 1.58. The business has a fifty day moving average of $440.45 and a 200-day moving average of $418.29.

Saia (NASDAQ:SAIAGet Free Report) last released its quarterly earnings results on Friday, February 2nd. The transportation company reported $3.33 earnings per share for the quarter, topping analysts’ consensus estimates of $3.20 by $0.13. The company had revenue of $751.10 million during the quarter, compared to analysts’ expectations of $745.48 million. Saia had a return on equity of 19.75% and a net margin of 12.31%. The business’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.65 earnings per share. As a group, analysts anticipate that Saia will post 16.01 EPS for the current year.

Insider Buying and Selling at Saia

In other news, CEO Frederick J. Holzgrefe III sold 7,500 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $533.46, for a total transaction of $4,000,950.00. Following the completion of the sale, the chief executive officer now owns 14,248 shares in the company, valued at approximately $7,600,738.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Frederick J. Holzgrefe III sold 7,500 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $533.46, for a total value of $4,000,950.00. Following the completion of the sale, the chief executive officer now owns 14,248 shares in the company, valued at $7,600,738.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Douglas L. Col sold 1,743 shares of the stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $536.92, for a total value of $935,851.56. Following the completion of the sale, the chief financial officer now owns 6,854 shares of the company’s stock, valued at approximately $3,680,049.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,113 shares of company stock valued at $6,476,700. 0.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Saia

Several hedge funds have recently bought and sold shares of SAIA. Contravisory Investment Management Inc. acquired a new stake in shares of Saia in the fourth quarter valued at about $26,000. IFP Advisors Inc grew its position in shares of Saia by 1,684.2% in the second quarter. IFP Advisors Inc now owns 339 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 320 shares during the last quarter. KB Financial Partners LLC acquired a new stake in shares of Saia in the first quarter valued at about $28,000. GAMMA Investing LLC acquired a new stake in shares of Saia in the fourth quarter valued at about $43,000. Finally, National Bank of Canada FI acquired a new stake in shares of Saia in the fourth quarter valued at about $44,000.

Saia Company Profile

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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. As of December 31, 2022, it operated 191 owned and leased facilities; and owned approximately 6,200 tractors and 20,800 trailers.

Further Reading

Analyst Recommendations for Saia (NASDAQ:SAIA)

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