Brokerages Set Saia, Inc. (NASDAQ:SAIA) Target Price at $484.79

Saia, Inc. (NASDAQ:SAIAGet Free Report) has received an average rating of “Moderate Buy” from the seventeen brokerages that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and twelve have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $484.79.

Several brokerages have weighed in on SAIA. Stifel Nicolaus downgraded Saia from a “buy” rating to a “hold” rating and upped their price target for the stock from $484.00 to $526.00 in a report on Tuesday, February 6th. The Goldman Sachs Group increased their price objective on Saia from $398.00 to $446.00 and gave the company a “neutral” rating in a report on Monday, February 5th. Susquehanna upped their target price on Saia from $500.00 to $625.00 and gave the company a “positive” rating in a research report on Thursday, February 8th. Bank of America upped their target price on Saia from $600.00 to $645.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. Finally, JPMorgan Chase & Co. started coverage on Saia in a research report on Monday, March 11th. They set an “overweight” rating and a $676.00 price target for the company.

View Our Latest Stock Report on Saia

Insiders Place Their Bets

In other Saia news, CEO Frederick J. Holzgrefe III sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $533.46, for a total transaction of $4,000,950.00. Following the completion of the transaction, the chief executive officer now owns 14,248 shares in the company, valued at $7,600,738.08. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, VP Raymond R. Ramu sold 1,943 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $565.83, for a total value of $1,099,407.69. Following the completion of the transaction, the vice president now owns 4,447 shares in the company, valued at approximately $2,516,246.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Frederick J. Holzgrefe III sold 7,500 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 14,248 shares of the company’s stock, valued at approximately $7,600,738.08. The disclosure for this sale can be found here. Insiders sold a total of 27,699 shares of company stock worth $14,966,813 over the last quarter. Company insiders own 0.30% of the company’s stock.

Institutional Trading of Saia

Institutional investors have recently bought and sold shares of the business. Kapitalo Investimentos Ltda lifted its position in Saia by 98.9% in the 4th quarter. Kapitalo Investimentos Ltda now owns 561 shares of the transportation company’s stock valued at $246,000 after acquiring an additional 279 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Saia by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 2,489,503 shares of the transportation company’s stock valued at $1,090,950,000 after purchasing an additional 12,074 shares during the period. Pineridge Advisors LLC bought a new stake in shares of Saia in the 4th quarter valued at about $26,000. Cim LLC bought a new stake in shares of Saia in the 4th quarter valued at about $247,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in Saia in the 4th quarter valued at about $7,773,000.

Saia Stock Performance

NASDAQ SAIA opened at $585.00 on Friday. The stock’s fifty day moving average is $548.78 and its two-hundred day moving average is $457.92. The firm has a market capitalization of $15.56 billion, a P/E ratio of 44.08, a price-to-earnings-growth ratio of 1.90 and a beta of 1.62. Saia has a fifty-two week low of $244.69 and a fifty-two week high of $628.34.

Saia (NASDAQ:SAIAGet Free Report) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $745.48 million. Saia had a return on equity of 19.75% and a net margin of 12.31%. The firm’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.65 earnings per share. As a group, sell-side analysts forecast that Saia will post 16.09 EPS for the current year.

Saia Company Profile

(Get Free Report

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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Analyst Recommendations for Saia (NASDAQ:SAIA)

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