Saia (NASDAQ:SAIA) Price Target Cut to $558.00 by Analysts at JPMorgan Chase & Co.

Saia (NASDAQ:SAIA) had its target price trimmed by JPMorgan Chase & Co. from $566.00 to $558.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The firm currently has an overweight rating on the transportation company’s stock.

Other analysts have also issued research reports about the stock. The Goldman Sachs Group raised their target price on shares of Saia from $492.00 to $563.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. Wolfe Research upgraded Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 price objective on the stock in a research report on Wednesday, October 9th. Barclays dropped their target price on Saia from $620.00 to $600.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. BMO Capital Markets boosted their price target on Saia from $465.00 to $495.00 and gave the stock a “market perform” rating in a report on Monday, October 28th. Finally, Stephens raised their price objective on shares of Saia from $481.00 to $515.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $530.41.

Saia Trading Up 1.9 %

Shares of SAIA opened at $479.27 on Tuesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.26. Saia has a 52-week low of $358.90 and a 52-week high of $628.34. The firm has a market cap of $12.74 billion, a price-to-earnings ratio of 34.23, a PEG ratio of 2.31 and a beta of 1.79. The business’s fifty day moving average is $495.01 and its 200-day moving average is $461.63.

Saia (NASDAQ:SAIA) last issued its earnings results on Friday, February 7th. The transportation company reported $2.84 EPS for the quarter, missing the consensus estimate of $2.87 by ($0.03). The business had revenue of $789.00 million for the quarter, compared to analyst estimates of $794.69 million. Saia had a return on equity of 18.00% and a net margin of 11.83%. The firm’s revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.33 EPS. Equities analysts anticipate that Saia will post 13.47 EPS for the current fiscal year.

Insiders Place Their Bets

In other Saia news, EVP Rohit Lal sold 1,120 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $560.00, for a total transaction of $627,200.00. Following the transaction, the executive vice president now directly owns 8,270 shares in the company, valued at approximately $4,631,200. This represents a 11.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Y Intercept Hong Kong Ltd acquired a new position in shares of Saia during the fourth quarter valued at about $3,363,000. World Equity Group Inc. acquired a new position in Saia during the 4th quarter worth approximately $201,000. ST. Nicholas Private Asset Management Inc. bought a new position in Saia in the fourth quarter worth approximately $1,720,000. Pinnacle Financial Partners Inc acquired a new stake in Saia in the fourth quarter valued at approximately $204,000. Finally, Arcadia Investment Management Corp MI bought a new stake in shares of Saia during the fourth quarter valued at approximately $154,000.

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.