Susquehanna Boosts Saia (NASDAQ:SAIA) Price Target to $540.00

Saia (NASDAQ:SAIA) had its target price raised by Susquehanna from $530.00 to $540.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the transportation company’s stock. Susquehanna’s price target indicates a potential upside of 14.90% from the company’s current price.

Several other research analysts have also recently issued reports on SAIA. Stephens raised their price objective on Saia from $481.00 to $515.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. Stifel Nicolaus raised their target price on Saia from $443.00 to $529.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Citigroup decreased their price target on Saia from $651.00 to $644.00 and set a “buy” rating for the company in a report on Wednesday, December 4th. Wells Fargo & Company dropped their price target on shares of Saia from $550.00 to $510.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Finally, BMO Capital Markets boosted their price objective on Saia from $465.00 to $495.00 and gave the company a “market perform” rating in a research report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $531.59.

Saia Stock Performance

Shares of NASDAQ:SAIA traded down $0.45 during trading on Tuesday, hitting $469.96. The company’s stock had a trading volume of 59,175 shares, compared to its average volume of 365,017. The company has a 50-day moving average of $496.74 and a 200-day moving average of $461.67. The firm has a market cap of $12.50 billion, a price-to-earnings ratio of 33.57, a P/E/G ratio of 2.31 and a beta of 1.79. Saia has a 12 month low of $358.90 and a 12 month high of $628.34. 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 (NASDAQ:SAIA) last released its quarterly earnings results on Friday, February 7th. The transportation company reported $2.84 earnings per share for the quarter, missing the consensus estimate of $2.87 by ($0.03). The company had revenue of $789.00 million for the quarter, compared to analysts’ expectations of $794.69 million. Saia had a net margin of 11.83% and a return on equity of 18.00%. The business’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.33 EPS. On average, sell-side analysts expect that Saia will post 13.47 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Rohit Lal sold 1,120 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $560.00, for a total transaction of $627,200.00. Following the completion of 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Saia

A number of institutional investors have recently modified their holdings of SAIA. Kestra Investment Management LLC purchased a new position in Saia in the 4th quarter worth approximately $25,000. Paladin Wealth LLC acquired a new position in shares of Saia in the third quarter worth about $40,000. Tobam purchased a new position in Saia in the third quarter valued at about $100,000. Blue Trust Inc. boosted its stake in shares of Saia by 319.1% during the 3rd quarter. Blue Trust Inc. now owns 285 shares of the transportation company’s stock valued at $135,000 after buying an additional 217 shares during the last quarter. Finally, Arcadia Investment Management Corp MI acquired a new stake in shares of Saia during the fourth quarter worth 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.