Saia (NASDAQ:SAIA) Given New $478.00 Price Target at TD Cowen

Saia (NASDAQ:SAIA) had its target price upped by equities researchers at TD Cowen from $456.00 to $478.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “hold” rating on the transportation company’s stock. TD Cowen’s price target suggests a potential upside of 1.98% from the company’s current price.

A number of other equities research analysts have also recently weighed in on the company. JPMorgan Chase & Co. reduced their price objective on Saia from $566.00 to $558.00 and set an “overweight” rating for the company in a research note on Tuesday. Susquehanna upped their price objective on Saia from $530.00 to $540.00 and gave the stock a “neutral” rating in a report on Tuesday. Wells Fargo & Company reduced their price objective on Saia from $550.00 to $510.00 and set an “equal weight” rating on the stock in a research report on Tuesday. The Goldman Sachs Group upped their price objective on Saia from $492.00 to $563.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. Finally, Barclays reduced their target price on Saia from $620.00 to $600.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Saia presently has an average rating of “Moderate Buy” and a consensus price target of $530.41.

Saia Stock Down 0.4 %

Shares of SAIA traded down $1.69 during midday trading on Tuesday, hitting $468.72. 180,211 shares of the company’s stock traded hands, compared to its average volume of 371,069. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. The firm’s fifty day moving average is $496.74 and its 200-day moving average is $461.67. Saia has a 1 year low of $358.90 and a 1 year high of $628.34. The stock has a market capitalization of $12.46 billion, a price-to-earnings ratio of 33.49, a price-to-earnings-growth ratio of 2.31 and a beta of 1.79.

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

Insider Activity

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Kestra Investment Management LLC bought a new stake in Saia in the 4th quarter valued at $25,000. Paladin Wealth LLC bought a new stake in Saia during the 3rd quarter valued at $40,000. Tobam acquired a new stake in shares of Saia in the 3rd quarter worth $100,000. Blue Trust Inc. grew its position in Saia by 319.1% during the 3rd quarter. Blue Trust Inc. now owns 285 shares of the transportation company’s stock worth $135,000 after purchasing an additional 217 shares during the last quarter. Finally, Arcadia Investment Management Corp MI purchased a new position in Saia in the 4th quarter worth $154,000.

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.