Saia (NASDAQ:SAIA) Given New $558.00 Price Target at JPMorgan Chase & Co.

Saia (NASDAQ:SAIA) had its price objective dropped by equities researchers at JPMorgan Chase & Co. from $566.00 to $558.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 18.04% from the company’s current price.

A number of other equities analysts also recently commented on SAIA. Susquehanna reissued a “neutral” rating and issued a $530.00 target price (down previously from $565.00) on shares of Saia in a research note on Tuesday, January 7th. Bank of America cut their price objective on shares of Saia from $600.00 to $565.00 and set a “buy” rating on the stock in a research report on Tuesday. Citigroup lowered their price objective on shares of Saia from $651.00 to $644.00 and set a “buy” rating on the stock in a research note on Wednesday, December 4th. Jefferies Financial Group boosted their price objective on Saia from $525.00 to $560.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Finally, Stephens boosted their price target on shares of Saia from $481.00 to $515.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $531.00.

Saia Trading Up 0.5 %

NASDAQ:SAIA traded up $2.33 during trading hours on Tuesday, reaching $472.74. 30,141 shares of the company were exchanged, compared to its average volume of 363,930. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market cap of $12.57 billion, a price-to-earnings ratio of 33.97, a PEG ratio of 2.31 and a beta of 1.79. Saia has a 52-week low of $358.90 and a 52-week high of $628.34. The stock has a 50 day simple moving average of $496.74 and a 200 day simple moving average of $461.67.

Saia (NASDAQ:SAIA) last posted its quarterly earnings results on Friday, February 7th. The transportation company reported $2.84 earnings per share for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.03). Saia had a return on equity of 18.00% and a net margin of 11.83%. The company had revenue of $789.00 million for the quarter, compared to analysts’ expectations of $794.69 million. During the same period in the prior year, the business earned $3.33 EPS. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. As a group, analysts predict that Saia will post 13.47 EPS for the current year.

Insider Activity at Saia

In other Saia news, EVP Rohit Lal sold 1,120 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $560.00, for a total value of $627,200.00. Following the transaction, the executive vice president now directly owns 8,270 shares in the company, valued at $4,631,200. The trade was a 11.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Saia

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SAIA. Kestra Investment Management LLC acquired a new position in shares of Saia during the fourth quarter worth approximately $25,000. Paladin Wealth LLC acquired a new position in Saia in the third quarter valued at approximately $40,000. Tobam acquired a new position in Saia in the third quarter valued at approximately $100,000. Blue Trust Inc. increased its stake in Saia by 319.1% in the third quarter. Blue Trust Inc. now owns 285 shares of the transportation company’s stock valued at $135,000 after purchasing an additional 217 shares in the last quarter. Finally, Arcadia Investment Management Corp MI bought a new stake in Saia in the fourth quarter valued at approximately $154,000.

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.