JPMorgan Chase & Co. Issues Positive Forecast for Saia (NASDAQ:SAIA) Stock Price

Saia (NASDAQ:SAIA) had its target price upped by JPMorgan Chase & Co. from $346.00 to $349.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has an “overweight” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 3.22% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. Raymond James Financial decreased 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. Zacks Research upgraded Saia from a “strong sell” rating to a “hold” rating in a research report on Monday, August 25th. Evercore ISI decreased their price objective on Saia from $328.00 to $319.00 and set an “outperform” rating for the company in a report on Friday, October 31st. Benchmark restated a “buy” rating on shares of Saia in a research report on Wednesday. Finally, Stifel Nicolaus cut their target price on Saia from $306.00 to $298.00 and set a “hold” rating on the stock in a research note on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and thirteen have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $330.25.

Saia Stock Performance

NASDAQ SAIA traded up $7.22 during trading hours on Monday, hitting $338.13. The company had a trading volume of 104,115 shares, compared to its average volume of 610,584. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.09. The firm has a market cap of $9.01 billion, a P/E ratio of 31.84, a price-to-earnings-growth ratio of 10.58 and a beta of 2.10. Saia has a fifty-two week low of $229.12 and a fifty-two week high of $545.12. The business has a fifty day simple moving average of $291.12 and a 200-day simple moving average of $290.66.

Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Thursday, October 30th. The transportation company reported $2.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.53 by $0.28. Saia had a net margin of 8.77% and a return on equity of 11.32%. The company had revenue of $839.64 million during the quarter, compared to the consensus estimate of $824.06 million. During the same quarter in the previous year, the company posted $3.46 earnings per share. The company’s revenue for the quarter was down .3% compared to the same quarter last year. Equities analysts predict that Saia will post 15.46 EPS for the current year.

Insiders Place Their Bets

In related news, Director Donna E. Epps acquired 422 shares of the business’s stock in a transaction on Wednesday, November 26th. The shares were purchased at an average price of $277.60 per share, for a total transaction of $117,147.20. Following the acquisition, the director owned 1,852 shares in the company, valued at approximately $514,115.20. This represents a 29.51% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Raymond R. Ramu sold 1,000 shares of Saia stock in a transaction that occurred 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 directly owned 4,902 shares in the company, valued at approximately $1,306,726.14. This trade represents a 16.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.30% of the company’s stock.

Institutional Investors Weigh In On Saia

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State of Wyoming acquired a new position in Saia in the 3rd quarter worth about $30,000. Parkside Financial Bank & Trust boosted its holdings in shares of Saia by 177.5% during the 2nd quarter. Parkside Financial Bank & Trust now owns 111 shares of the transportation company’s stock worth $30,000 after buying an additional 71 shares during the period. Allworth Financial LP grew its position in shares of Saia by 69.0% in the third quarter. Allworth Financial LP now owns 142 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 58 shares during the last quarter. AlphaQuest LLC bought a new position in Saia in the 2nd quarter worth approximately $41,000. Finally, Annis Gardner Whiting Capital Advisors LLC raised its stake in Saia by 6,400.0% during the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 195 shares of the transportation company’s stock valued at $58,000 after purchasing an additional 192 shares during the last quarter.

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.