Saia, Inc. (NASDAQ:SAIA) Receives $337.67 Average Price Target from Brokerages

Saia, Inc. (NASDAQ:SAIA) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-two research firms that are presently covering the company, MarketBeat reports. Eleven analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $337.6667.

SAIA has been the subject of several research analyst reports. Raymond James Financial dropped their target price on shares of Saia from $360.00 to $355.00 and set an “outperform” rating for the company in a research report on Tuesday, October 14th. JPMorgan Chase & Co. decreased their price target on shares of Saia from $360.00 to $346.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Stifel Nicolaus cut their price objective on Saia from $306.00 to $298.00 and set a “hold” rating on the stock in a research report on Tuesday, October 28th. Citigroup reduced their target price on Saia from $371.00 to $365.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Finally, Wells Fargo & Company decreased their target price on Saia from $365.00 to $330.00 and set an “equal weight” rating for the company in a research report on Monday, October 6th.

Insider Transactions at Saia

In other Saia news, VP Raymond R. Ramu sold 1,000 shares of the firm’s stock in a transaction on Tuesday, November 18th. The stock was 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 of the company’s stock, valued at approximately $1,306,726.14. This trade represents a 16.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SAIA. State of Wyoming purchased a new stake in Saia in the third quarter worth about $30,000. Parkside Financial Bank & Trust boosted its position in shares of Saia by 177.5% in the 2nd quarter. Parkside Financial Bank & Trust now owns 111 shares of the transportation company’s stock worth $30,000 after purchasing an additional 71 shares in the last quarter. AlphaQuest LLC bought a new stake in shares of Saia in the 2nd quarter worth approximately $41,000. Annis Gardner Whiting Capital Advisors LLC grew its stake in shares of Saia by 6,400.0% in the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 195 shares of the transportation company’s stock worth $58,000 after buying an additional 192 shares during the last quarter. Finally, Danske Bank A S bought a new position in Saia during the 3rd quarter valued at approximately $60,000.

Saia Price Performance

Shares of SAIA stock opened at $279.79 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.49 and a current ratio of 1.49. Saia has a fifty-two week low of $229.12 and a fifty-two week high of $587.86. The firm has a market cap of $7.45 billion, a P/E ratio of 25.83, a P/E/G ratio of 12.90 and a beta of 2.07. The business’s 50 day moving average price is $291.10 and its 200-day moving average price is $289.43.

Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Thursday, October 30th. The transportation company reported $2.81 EPS for the quarter, topping analysts’ consensus estimates of $2.53 by $0.28. The company had revenue of $839.64 million during the quarter, compared to analyst estimates of $824.06 million. Saia had a return on equity of 12.42% and a net margin of 8.96%.The firm’s revenue was down .3% on a year-over-year basis. During the same quarter last year, the firm posted $3.46 earnings per share. On average, equities research analysts anticipate that Saia will post 15.46 earnings per share for the current year.

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. It also offers other value-added services, including non-asset truckload, expedited, and logistics services.