Saia, Inc. (NASDAQ:SAIA) Receives $500.84 Average Price Target from Analysts

Shares of Saia, Inc. (NASDAQ:SAIA) have received a consensus rating of “Moderate Buy” from the seventeen ratings firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and eleven have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $500.84.

Several equities research analysts have recently weighed in on SAIA shares. Raymond James boosted their target price on shares of Saia from $565.00 to $604.00 and gave the stock an “outperform” rating in a research report on Monday, April 15th. Susquehanna boosted their target price on shares of Saia from $500.00 to $625.00 and gave the stock a “positive” rating in a research report on Thursday, February 8th. The Goldman Sachs Group boosted their price objective on shares of Saia from $504.00 to $567.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. JPMorgan Chase & Co. started coverage on shares of Saia in a research report on Monday, March 11th. They set an “overweight” rating and a $676.00 price objective for the company. Finally, UBS Group boosted their price objective on shares of Saia from $475.00 to $618.00 and gave the company a “buy” rating in a research report on Monday, February 5th.

Insider Buying and Selling at Saia

In other news, VP Raymond R. Ramu sold 1,943 shares of the company’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 sale, the vice president now directly owns 4,447 shares of the company’s stock, valued at approximately $2,516,246.01. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CFO Douglas L. Col sold 1,812 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $557.75, for a total value of $1,010,643.00. Following the completion of the sale, the chief financial officer now directly owns 5,623 shares of the company’s stock, valued at approximately $3,136,228.25. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Raymond R. Ramu sold 1,943 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $565.83, for a total transaction of $1,099,407.69. Following the completion of the sale, the vice president now directly owns 4,447 shares of the company’s stock, valued at $2,516,246.01. The disclosure for this sale can be found here. Insiders sold 27,699 shares of company stock valued at $14,966,813 in the last ninety days. Company insiders own 0.30% of the company’s stock.

Institutional Trading of Saia

A number of institutional investors have recently made changes to their positions in SAIA. IFP Advisors Inc lifted its stake in Saia by 17.7% during the third quarter. IFP Advisors Inc now owns 399 shares of the transportation company’s stock valued at $159,000 after purchasing an additional 60 shares during the last quarter. SG Americas Securities LLC lifted its stake in Saia by 173.9% during the third quarter. SG Americas Securities LLC now owns 8,241 shares of the transportation company’s stock valued at $3,285,000 after purchasing an additional 5,232 shares during the last quarter. Oak Thistle LLC acquired a new stake in Saia during the third quarter valued at approximately $843,000. Commonwealth Equity Services LLC lifted its stake in Saia by 1.9% during the third quarter. Commonwealth Equity Services LLC now owns 1,549 shares of the transportation company’s stock valued at $618,000 after purchasing an additional 29 shares during the last quarter. Finally, Raymond James & Associates lifted its stake in Saia by 0.7% during the third quarter. Raymond James & Associates now owns 92,450 shares of the transportation company’s stock valued at $36,855,000 after purchasing an additional 653 shares during the last quarter.

Saia Trading Up 2.9 %

NASDAQ:SAIA opened at $543.02 on Tuesday. The firm’s fifty day simple moving average is $570.97 and its 200 day simple moving average is $478.40. The firm has a market capitalization of $14.44 billion, a price-to-earnings ratio of 40.51, a PEG ratio of 1.77 and a beta of 1.62. Saia has a twelve month low of $244.69 and a twelve month high of $628.34.

Saia (NASDAQ:SAIA) last released its earnings results on Friday, February 2nd. The transportation company reported $3.33 earnings per share for the quarter, topping the consensus estimate of $3.20 by $0.13. The company had revenue of $751.10 million during the quarter, compared to the consensus estimate of $745.48 million. Saia had a net margin of 12.31% and a return on equity of 19.75%. The company’s revenue was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.65 EPS. On average, analysts predict that Saia will post 16.13 earnings per share for the current year.

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.