JPMorgan Chase & Co. Increases Saia (NASDAQ:SAIA) Price Target to $566.00

Saia (NASDAQ:SAIA) had its price objective upped by equities researchers at JPMorgan Chase & Co. from $499.00 to $566.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an “overweight” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 9.19% from the company’s current price.

Several other research firms have also recently commented on SAIA. Wells Fargo & Company boosted their target price on Saia from $400.00 to $410.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 5th. BMO Capital Markets upped their price objective on Saia from $465.00 to $495.00 and gave the stock a “market perform” rating in a research report on Monday, October 28th. The Goldman Sachs Group lowered their price objective on Saia from $510.00 to $490.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. Evercore ISI lowered their price objective on Saia from $503.00 to $488.00 and set an “outperform” rating for the company in a research report on Thursday, October 3rd. Finally, Bank of America upped their price objective on Saia from $443.00 to $460.00 and gave the stock a “buy” rating in a research report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, Saia presently has an average rating of “Moderate Buy” and a consensus target price of $510.59.

Saia Trading Up 0.3 %

Shares of NASDAQ SAIA traded up $1.53 during trading on Friday, reaching $518.36. The stock had a trading volume of 39,666 shares, compared to its average volume of 382,626. Saia has a fifty-two week low of $358.90 and a fifty-two week high of $628.34. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.26. The business’s 50-day moving average price is $492.23 and its 200-day moving average price is $449.24. The company has a market cap of $13.78 billion, a P/E ratio of 37.03, a PEG ratio of 3.02 and a beta of 1.74.

Saia (NASDAQ:SAIA) last issued its quarterly earnings data on Friday, October 25th. The transportation company reported $3.46 earnings per share for the quarter, missing analysts’ consensus estimates of $3.53 by ($0.07). Saia had a net margin of 11.83% and a return on equity of 18.00%. The firm had revenue of $842.10 million during the quarter, compared to analyst estimates of $839.82 million. During the same period in the previous year, the firm posted $3.67 earnings per share. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, equities research analysts predict that Saia will post 13.54 EPS for the current fiscal year.

Insider Buying and Selling at Saia

In other Saia news, EVP Rohit Lal sold 1,120 shares of the 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 sale, the executive vice president now owns 8,270 shares in the company, valued at approximately $4,631,200. This represents a 11.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Oddo BHF Asset Management Sas purchased a new position in shares of Saia during the 3rd quarter worth $1,408,000. Franklin Resources Inc. lifted its stake in shares of Saia by 6.0% during the 3rd quarter. Franklin Resources Inc. now owns 68,474 shares of the transportation company’s stock worth $31,633,000 after purchasing an additional 3,886 shares during the period. Tidal Investments LLC lifted its stake in shares of Saia by 20.2% during the 3rd quarter. Tidal Investments LLC now owns 4,282 shares of the transportation company’s stock worth $1,872,000 after purchasing an additional 719 shares during the period. Sanctuary Advisors LLC lifted its stake in shares of Saia by 4.9% during the 3rd quarter. Sanctuary Advisors LLC now owns 4,927 shares of the transportation company’s stock worth $2,154,000 after purchasing an additional 232 shares during the period. Finally, Rehmann Capital Advisory Group purchased a new position in shares of Saia during the 3rd quarter worth $213,000.

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.