Saia (NASDAQ:SAIA) Given New $420.00 Price Target at Raymond James

Saia (NASDAQ:SAIA) had its price target lowered by Raymond James from $450.00 to $420.00 in a report published on Monday, Benzinga reports. The firm currently has an outperform rating on the transportation company’s stock.

A number of other research analysts have also issued reports on the company. Susquehanna increased their target price on Saia from $320.00 to $450.00 and gave the company a neutral rating in a research report on Wednesday, October 4th. Wells Fargo & Company increased their target price on Saia from $400.00 to $475.00 and gave the company an overweight rating in a research report on Monday, July 31st. Barclays increased their target price on Saia from $420.00 to $460.00 and gave the company an overweight rating in a research report on Friday, July 28th. Stephens reiterated an overweight rating and set a $530.00 target price on shares of Saia in a research report on Wednesday, August 16th. Finally, Evercore ISI increased their target price on Saia from $463.00 to $472.00 in a research report on Wednesday, September 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of $415.12.

Saia Trading Up 3.8 %

Shares of NASDAQ:SAIA opened at $357.25 on Monday. Saia has a twelve month low of $185.00 and a twelve month high of $443.85. The company’s 50 day moving average is $403.92 and its 200 day moving average is $358.23. The company has a market cap of $9.48 billion, a PE ratio of 28.38, a price-to-earnings-growth ratio of 2.55 and a beta of 1.57.

Saia (NASDAQ:SAIA) last released its quarterly earnings data on Friday, October 27th. The transportation company reported $3.67 EPS for the quarter, topping the consensus estimate of $3.59 by $0.08. Saia had a return on equity of 19.72% and a net margin of 12.08%. The business had revenue of $775.10 million for the quarter, compared to analyst estimates of $743.98 million. During the same quarter in the prior year, the firm posted $3.67 EPS. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. Equities research analysts predict that Saia will post 13.08 earnings per share for the current fiscal year.

Insider Buying and Selling at Saia

In other Saia news, VP Raymond R. Ramu sold 2,040 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $421.75, for a total value of $860,370.00. Following the sale, the vice president now owns 3,623 shares of the company’s stock, valued at $1,528,000.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Saia news, VP Raymond R. Ramu sold 2,040 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $421.75, for a total value of $860,370.00. Following the sale, the vice president now owns 3,623 shares of the company’s stock, valued at $1,528,000.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Patrick D. Sugar sold 2,771 shares of the company’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $426.59, for a total value of $1,182,080.89. Following the completion of the sale, the executive vice president now directly owns 7,277 shares in the company, valued at approximately $3,104,295.43. The disclosure for this sale can be found here. 0.50% of the stock is owned by corporate insiders.

Institutional Trading of Saia

Large investors have recently made changes to their positions in the stock. Alliance Wealth Advisors LLC UT boosted its stake in Saia by 6.1% in the 1st quarter. Alliance Wealth Advisors LLC UT now owns 1,277 shares of the transportation company’s stock worth $347,000 after buying an additional 73 shares during the last quarter. Pacer Advisors Inc. boosted its stake in Saia by 524.2% in the 2nd quarter. Pacer Advisors Inc. now owns 4,719 shares of the transportation company’s stock worth $1,616,000 after buying an additional 3,963 shares during the last quarter. Calamos Advisors LLC acquired a new stake in Saia in the 1st quarter worth about $982,000. Signaturefd LLC raised its holdings in shares of Saia by 80.3% in the 1st quarter. Signaturefd LLC now owns 110 shares of the transportation company’s stock worth $30,000 after purchasing an additional 49 shares during the period. Finally, National Bank of Canada FI purchased a new position in shares of Saia in the 2nd quarter worth about $301,000.

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. As of December 31, 2022, it operated 191 owned and leased facilities; and owned approximately 6,200 tractors and 20,800 trailers.