Saia (NASDAQ:SAIA) Price Target Increased to $604.00 by Analysts at Raymond James

Saia (NASDAQ:SAIA) had its price objective upped by Raymond James from $565.00 to $604.00 in a report published on Monday morning, Benzinga reports. They currently have an outperform rating on the transportation company’s stock.

Several other equities analysts have also recently issued reports on SAIA. The Goldman Sachs Group boosted their price objective on Saia from $504.00 to $567.00 and gave the company a neutral rating in a report on Thursday, April 11th. BMO Capital Markets boosted their price objective on Saia from $450.00 to $515.00 and gave the company a market perform rating in a report on Monday, February 5th. Stifel Nicolaus cut Saia from a buy rating to a hold rating and upped their price target for the stock from $484.00 to $526.00 in a report on Tuesday, February 6th. Benchmark upped their price target on Saia from $575.00 to $625.00 and gave the stock a buy rating in a report on Thursday, March 21st. Finally, Wolfe Research cut Saia from an outperform rating to a peer perform rating in a report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of Moderate Buy and an average target price of $500.84.

Saia Stock Performance

Saia stock opened at $576.97 on Monday. The company has a market cap of $15.34 billion, a PE ratio of 43.48, a PEG ratio of 1.87 and a beta of 1.62. The business’s 50-day simple moving average is $573.54 and its two-hundred day simple moving average is $472.43. Saia has a fifty-two week low of $244.69 and a fifty-two week high of $628.34.

Saia (NASDAQ:SAIA) last issued its quarterly earnings data on Friday, February 2nd. The transportation company reported $3.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.20 by $0.13. The business had revenue of $751.10 million during the quarter, compared to analysts’ expectations of $745.48 million. Saia had a return on equity of 19.75% and a net margin of 12.31%. The company’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.65 EPS. As a group, analysts predict that Saia will post 16.12 EPS for the current fiscal year.

Insider Activity

In other news, VP Rohit Lal sold 2,870 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $536.55, for a total value of $1,539,898.50. Following the completion of the sale, the vice president now directly owns 8,482 shares in the company, valued at $4,551,017.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Richard D. Odell sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $536.75, for a total value of $5,367,500.00. Following the completion of the sale, the director now directly owns 5,989 shares in the company, valued at $3,214,595.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Rohit Lal sold 2,870 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $536.55, for a total value of $1,539,898.50. Following the completion of the sale, the vice president now owns 8,482 shares of the company’s stock, valued at $4,551,017.10. The disclosure for this sale can be found here. Insiders sold 27,699 shares of company stock worth $14,966,813 over the last ninety days. Corporate insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SAIA. HighTower Advisors LLC purchased a new position in Saia in the first quarter worth approximately $422,000. Rhumbline Advisers grew its position in Saia by 2.9% in the first quarter. Rhumbline Advisers now owns 74,474 shares of the transportation company’s stock worth $18,158,000 after acquiring an additional 2,083 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Saia by 10.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,652 shares of the transportation company’s stock worth $2,353,000 after acquiring an additional 920 shares during the period. APG Asset Management N.V. grew its position in Saia by 56.9% in the first quarter. APG Asset Management N.V. now owns 8,000 shares of the transportation company’s stock worth $1,753,000 after acquiring an additional 2,900 shares during the period. Finally, Great West Life Assurance Co. Can grew its position in Saia by 7.4% in the first quarter. Great West Life Assurance Co. Can now owns 14,397 shares of the transportation company’s stock worth $3,608,000 after acquiring an additional 994 shares during the period.

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.