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

Saia (NASDAQ:SAIA) had its price objective lifted by stock analysts at JPMorgan Chase & Co. from $499.00 to $566.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 9.19% from the company’s previous close.

SAIA has been the subject of several other reports. Citigroup lowered their target price on Saia from $651.00 to $644.00 and set a “buy” rating for the company in a research note on Wednesday. Stephens raised their target price on Saia from $481.00 to $515.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Susquehanna raised their target price on Saia from $550.00 to $585.00 and gave the company a “positive” rating in a research note on Wednesday, September 18th. TD Cowen lifted their price target on Saia from $416.00 to $418.00 and gave the stock a “hold” rating in a research note on Thursday, September 5th. Finally, Wolfe Research upgraded Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 price target for the company in a research note on Wednesday, October 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, Saia presently has a consensus rating of “Moderate Buy” and an average price target of $510.59.

Saia Trading Up 0.3 %

Shares of SAIA traded up $1.53 during trading hours on Friday, hitting $518.36. The stock had a trading volume of 39,666 shares, compared to its average volume of 382,626. 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 $13.78 billion, a P/E ratio of 37.03, a P/E/G ratio of 3.02 and a beta of 1.74. The company’s fifty day simple moving average is $492.23 and its 200 day simple moving average is $449.24. Saia has a 12-month low of $358.90 and a 12-month high of $628.34.

Saia (NASDAQ:SAIA) last released its quarterly earnings data on Friday, October 25th. The transportation company reported $3.46 EPS for the quarter, missing the consensus estimate of $3.53 by ($0.07). The company had revenue of $842.10 million during the quarter, compared to analysts’ expectations of $839.82 million. Saia had a net margin of 11.83% and a return on equity of 18.00%. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period last year, the business earned $3.67 earnings per share. Equities research analysts forecast that Saia will post 13.54 EPS for the current fiscal year.

Insider Activity

In other news, EVP Rohit Lal sold 1,120 shares of Saia 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 sale, the executive vice president now owns 8,270 shares of the company’s stock, valued at approximately $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 SEC, which is accessible through the SEC website. Corporate insiders own 0.30% of the company’s stock.

Institutional Investors Weigh In On Saia

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Blue Trust Inc. grew its position in Saia by 161.5% in the second quarter. Blue Trust Inc. now owns 68 shares of the transportation company’s stock worth $32,000 after buying an additional 42 shares during the last quarter. Paladin Wealth LLC purchased a new position in Saia during the 3rd quarter worth approximately $40,000. Quarry LP purchased a new position in Saia during the 2nd quarter worth approximately $41,000. International Assets Investment Management LLC purchased a new position in shares of Saia during the 2nd quarter valued at $42,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in Saia by 754.5% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 94 shares of the transportation company’s stock worth $45,000 after acquiring an additional 83 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.