Susquehanna Increases 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 to investors on Tuesday morning,Benzinga reports. They currently have a neutral rating on the transportation company’s stock.

Several other equities analysts have also issued reports on SAIA. Wells Fargo & Company lowered their price target on Saia from $550.00 to $510.00 and set an “equal weight” rating for the company in a research report on Tuesday. Stephens upped their target price on shares of 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 price target on shares of Saia from $443.00 to $529.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Wolfe Research upgraded shares of Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 price objective for the company in a report on Wednesday, October 9th. Finally, Citigroup cut their target price on Saia from $651.00 to $644.00 and set a “buy” rating on the stock in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Saia has a consensus rating of “Moderate Buy” and a consensus price target of $530.41.

Saia Trading Up 1.9 %

Shares of NASDAQ SAIA opened at $479.27 on Tuesday. The stock has a market cap of $12.74 billion, a P/E ratio of 34.23, a price-to-earnings-growth ratio of 2.31 and a beta of 1.79. 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 has a 1 year low of $358.90 and a 1 year high of $628.34. The firm has a 50-day moving average of $495.01 and a 200 day moving average of $461.63.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results 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 company had revenue of $789.00 million during the quarter, compared to the consensus estimate of $794.69 million. During the same period in the prior year, the firm earned $3.33 earnings per share. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. As a group, sell-side analysts expect that Saia will post 13.47 EPS for the current fiscal year.

Insider Activity at Saia

In other news, EVP Rohit Lal sold 1,120 shares of the business’s stock in a transaction on 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 sale, 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 sale was disclosed in a legal filing with the SEC, which is available at this link. 0.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Saia

Institutional investors have recently bought and sold shares of the stock. Sanctuary Advisors LLC bought a new position in shares of Saia in the second quarter worth about $2,227,000. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Saia by 920.7% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,450 shares of the transportation company’s stock worth $1,636,000 after acquiring an additional 3,112 shares in the last quarter. Handelsbanken Fonder AB raised its stake in Saia by 2.9% during the 3rd quarter. Handelsbanken Fonder AB now owns 7,058 shares of the transportation company’s stock worth $3,086,000 after acquiring an additional 200 shares during the period. Fulton Bank N.A. lifted its holdings in Saia by 10.6% during the third quarter. Fulton Bank N.A. now owns 1,588 shares of the transportation company’s stock valued at $694,000 after purchasing an additional 152 shares in the last quarter. Finally, Tobam bought a new position in shares of Saia in the third quarter worth approximately $100,000.

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.