JPMorgan Chase & Co. Cuts Saia (NASDAQ:SAIA) Price Target to $558.00

Saia (NASDAQ:SAIA) had its target price reduced by JPMorgan Chase & Co. from $566.00 to $558.00 in a research note published on Tuesday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the transportation company’s stock.

Other equities analysts have also recently issued research reports about the company. The Goldman Sachs Group raised their target price on Saia from $492.00 to $563.00 and gave the stock a “neutral” rating in a report on Thursday, December 12th. Susquehanna restated a “neutral” rating and set a $530.00 target price (down previously from $565.00) on shares of Saia in a report on Tuesday, January 7th. 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. Wolfe Research upgraded Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 target price on the stock in a report on Wednesday, October 9th. Finally, Bank of America cut their price objective on Saia from $600.00 to $565.00 and set a “buy” rating on the stock in a report on Tuesday. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $535.41.

Saia Price Performance

Shares of SAIA stock opened at $508.47 on Tuesday. The stock has a 50-day moving average price of $492.66 and a 200 day moving average price of $462.24. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.08. The firm has a market cap of $13.52 billion, a price-to-earnings ratio of 36.32, a PEG 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.

Saia (NASDAQ:SAIA) last announced its quarterly earnings data on Friday, February 7th. The transportation company reported $2.84 EPS 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 firm had revenue of $789.00 million during the quarter, compared to analyst estimates of $794.69 million. During the same quarter in the previous year, the business earned $3.33 earnings per share. Saia’s revenue for the quarter was up 5.0% compared to the same quarter last year. Research analysts expect 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 that occurred 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. The trade was a 11.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SAIA. Kestra Investment Management LLC acquired a new position in shares of Saia during the 4th quarter worth approximately $25,000. Paladin Wealth LLC acquired a new position in shares of Saia during the 3rd quarter worth approximately $40,000. Jones Financial Companies Lllp increased its position in shares of Saia by 47.8% during the 4th quarter. Jones Financial Companies Lllp now owns 201 shares of the transportation company’s stock worth $92,000 after purchasing an additional 65 shares during the last quarter. Tobam acquired a new position in shares of Saia during the 3rd quarter worth approximately $100,000. Finally, Blue Trust Inc. increased its position in shares of Saia by 319.1% during 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.

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.