Barclays Forecasts Strong Price Appreciation for Saia (NASDAQ:SAIA) Stock

Saia (NASDAQ:SAIA) had its target price lifted by analysts at Barclays from $380.00 to $400.00 in a report released on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the transportation company’s stock. Barclays‘s price objective indicates a potential upside of 5.52% from the company’s current price.

Other equities research analysts have also issued research reports about the company. Stephens raised their price objective on Saia from $414.00 to $445.00 and gave the company an “overweight” rating in a research note on Wednesday. JPMorgan Chase & Co. lifted their price target on shares of Saia from $349.00 to $365.00 and gave the stock an “overweight” rating in a research note on Monday, January 12th. BMO Capital Markets increased their price objective on shares of Saia from $350.00 to $415.00 and gave the company a “market perform” rating in a research note on Wednesday. TD Cowen reissued a “hold” rating on shares of Saia in a report on Friday, January 9th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Saia in a research note on Monday, December 29th. Nine equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $378.50.

Saia Price Performance

Shares of NASDAQ SAIA opened at $379.08 on Wednesday. The company has a market capitalization of $10.10 billion, a price-to-earnings ratio of 39.82, a PEG ratio of 2.08 and a beta of 2.09. The business has a 50-day moving average of $352.04 and a 200-day moving average of $315.78. Saia has a 1-year low of $229.12 and a 1-year high of $507.39. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.64 and a quick ratio of 1.68.

Saia (NASDAQ:SAIA) last posted its earnings results on Tuesday, February 10th. The transportation company reported $1.77 EPS for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.13). The firm had revenue of $789.95 million for the quarter, compared to analyst estimates of $773.82 million. Saia had a return on equity of 9.86% and a net margin of 7.89%.The company’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.84 earnings per share. On average, equities analysts anticipate that Saia will post 15.46 EPS for the current fiscal year.

Insider Buying and Selling

In other news, VP Raymond R. Ramu sold 1,000 shares of the company’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $266.57, for a total transaction of $266,570.00. Following the completion of the transaction, the vice president owned 4,902 shares in the company, valued at approximately $1,306,726.14. This represents a 16.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Donna E. Epps bought 422 shares of the firm’s stock in a transaction on Wednesday, November 26th. The stock was purchased at an average price of $277.60 per share, with a total value of $117,147.20. Following the transaction, the director owned 1,852 shares in the company, valued at $514,115.20. The trade was a 29.51% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On Saia

Several hedge funds and other institutional investors have recently made changes to their positions in SAIA. State of Wyoming bought a new stake in Saia during the 3rd quarter valued at $30,000. Los Angeles Capital Management LLC bought a new stake in shares of Saia during the fourth quarter valued at about $36,000. Parkside Financial Bank & Trust raised its stake in shares of Saia by 177.5% during the second quarter. Parkside Financial Bank & Trust now owns 111 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 71 shares in the last quarter. Torren Management LLC acquired a new stake in Saia in the fourth quarter worth about $40,000. Finally, Larson Financial Group LLC grew its position in Saia by 1,612.5% in the 4th quarter. Larson Financial Group LLC now owns 137 shares of the transportation company’s stock valued at $45,000 after buying an additional 129 shares in the last quarter.

Saia Company Profile

Saia, Inc is a publicly traded transportation company specializing in less-than-truckload (LTL) freight services across North America. Headquartered in Johns Creek, Georgia, the company focuses on the efficient movement of time-sensitive freight for a diverse customer base that spans retail, manufacturing, automotive, and healthcare industries. By leveraging a network of terminals and service centers, Saia provides tailored solutions designed to optimize supply chain performance.

The company’s core offerings include regional, interregional, and national LTL shipping, supported by volumetric LTL and port intermodal services.