Saia (NASDAQ:SAIA) Price Target Raised to $560.00 at Jefferies Financial Group

Saia (NASDAQ:SAIA) had its price target boosted by Jefferies Financial Group from $525.00 to $560.00 in a report released on Friday,Benzinga reports. The brokerage currently has a buy rating on the transportation company’s stock.

A number of other analysts have also recently issued reports on the company. The Goldman Sachs Group boosted their price objective on Saia from $492.00 to $563.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. increased their price objective on shares of Saia from $499.00 to $566.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. BMO Capital Markets lifted their target price on shares of Saia from $465.00 to $495.00 and gave the company a “market perform” rating in a research report on Monday, October 28th. Evercore ISI dropped their price target on shares of Saia from $503.00 to $488.00 and set an “outperform” rating for the company in a research report on Thursday, October 3rd. Finally, Wolfe Research raised Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 price objective on the stock in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $515.18.

Saia Price Performance

NASDAQ:SAIA opened at $450.66 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.26 and a quick ratio of 1.26. Saia has a one year low of $358.90 and a one year high of $628.34. The company has a fifty day moving average price of $512.51 and a 200 day moving average price of $459.56. The stock has a market cap of $11.99 billion, a P/E ratio of 32.19, a PEG ratio of 2.96 and a beta of 1.79.

Saia (NASDAQ:SAIA) last released its earnings results on Friday, October 25th. The transportation company reported $3.46 earnings per share for the quarter, missing the consensus estimate of $3.53 by ($0.07). Saia had a net margin of 11.83% and a return on equity of 18.00%. The company had revenue of $842.10 million during the quarter, compared to the consensus estimate of $839.82 million. During the same quarter in the previous year, the business posted $3.67 EPS. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. Analysts anticipate that Saia will post 13.51 earnings per share for the current year.

Insider Activity

In other news, EVP Rohit Lal sold 1,120 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $560.00, for a total transaction of $627,200.00. Following the transaction, the executive vice president now owns 8,270 shares of the company’s stock, valued at $4,631,200. This represents a 11.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Quarry LP acquired a new stake in shares of Saia during the 2nd quarter worth approximately $41,000. Paladin Wealth LLC bought a new stake in shares of Saia during the 3rd quarter valued at $40,000. Tobam acquired a new position in shares of Saia in the 3rd quarter valued at $100,000. Blue Trust Inc. boosted its position in shares of Saia by 319.1% in the 3rd quarter. Blue Trust Inc. now owns 285 shares of the transportation company’s stock worth $135,000 after purchasing an additional 217 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Saia by 148.0% during the fourth quarter. GAMMA Investing LLC now owns 367 shares of the transportation company’s stock worth $167,000 after purchasing an additional 219 shares during the period.

About Saia

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.