Stifel Nicolaus Raises Saia (NASDAQ:SAIA) Price Target to $443.00

Saia (NASDAQ:SAIA) had its price objective increased by Stifel Nicolaus from $440.00 to $443.00 in a research report report published on Wednesday morning,Benzinga reports. Stifel Nicolaus currently has a hold rating on the transportation company’s stock.

SAIA has been the topic of a number of other research reports. The Goldman Sachs Group increased their target price on Saia from $492.00 to $563.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. Jefferies Financial Group increased their price objective on shares of Saia from $525.00 to $560.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. JPMorgan Chase & Co. upped their target price on shares of Saia from $499.00 to $566.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Wolfe Research upgraded shares of Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 price target on the stock in a research note on Wednesday, October 9th. Finally, Susquehanna reissued a “neutral” rating and issued a $530.00 price objective (down from $565.00) on shares of Saia in a research note on Tuesday, January 7th. One investment 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 data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $515.53.

Saia Price Performance

Shares of NASDAQ:SAIA opened at $484.21 on Wednesday. The business has a 50-day simple moving average of $509.17 and a two-hundred day simple moving average of $459.54. 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 firm has a market cap of $12.88 billion, a price-to-earnings ratio of 34.59, a price-to-earnings-growth ratio of 2.12 and a beta of 1.79. Saia has a fifty-two week low of $358.90 and a fifty-two week high of $628.34.

Saia (NASDAQ:SAIA) last posted its earnings results on Friday, October 25th. The transportation company reported $3.46 EPS for the quarter, missing analysts’ consensus estimates of $3.53 by ($0.07). The company had revenue of $842.10 million during the quarter, compared to the consensus estimate of $839.82 million. Saia had a return on equity of 18.00% and a net margin of 11.83%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the firm posted $3.67 EPS. On average, analysts expect that Saia will post 13.49 earnings per share for the current year.

Insider Activity

In other Saia news, EVP Rohit Lal sold 1,120 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $560.00, for a total value of $627,200.00. Following the completion of the sale, the executive vice president now directly owns 8,270 shares in the company, valued at $4,631,200. This trade represents a 11.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.30% of the company’s stock.

Institutional Investors Weigh In On Saia

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kayne Anderson Rudnick Investment Management LLC lifted its stake in Saia by 2.6% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 869,859 shares of the transportation company’s stock valued at $412,566,000 after acquiring an additional 22,143 shares during the period. State Street Corp lifted its position in Saia by 3.1% during the third quarter. State Street Corp now owns 805,597 shares of the transportation company’s stock valued at $352,255,000 after purchasing an additional 24,351 shares during the period. Wasatch Advisors LP boosted its holdings in Saia by 10.2% in the third quarter. Wasatch Advisors LP now owns 692,405 shares of the transportation company’s stock valued at $302,761,000 after purchasing an additional 64,351 shares during the last quarter. Geode Capital Management LLC grew its position in Saia by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 471,667 shares of the transportation company’s stock worth $206,292,000 after purchasing an additional 6,456 shares during the period. Finally, Westfield Capital Management Co. LP raised its stake in shares of Saia by 11.8% during the 3rd quarter. Westfield Capital Management Co. LP now owns 303,582 shares of the transportation company’s stock valued at $132,744,000 after buying an additional 31,991 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.