Saia’s (SAIA) Overweight Rating Reaffirmed at Stephens

Saia (NASDAQ:SAIA)‘s stock had its “overweight” rating reissued by Stephens in a research report issued to clients and investors on Thursday,Benzinga reports. They currently have a $600.00 price objective on the transportation company’s stock. Stephens’ target price points to a potential upside of 14.18% from the stock’s previous close.

A number of other brokerages also recently weighed in on SAIA. Wells Fargo & Company decreased their price objective on shares of Saia from $550.00 to $510.00 and set an “equal weight” rating for the company in a research report on Tuesday. Susquehanna upped their price objective on shares of Saia from $530.00 to $540.00 and gave the stock a “neutral” rating in a research report on Tuesday. TD Cowen upped their price target on shares of Saia from $456.00 to $478.00 and gave the stock a “hold” rating in a research report on Tuesday. Raymond James reduced their price target on shares of Saia from $560.00 to $540.00 and set an “outperform” rating for the company in a research report on Tuesday. Finally, Jefferies Financial Group upped their price target on shares of Saia from $525.00 to $560.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $535.41.

Saia Stock Performance

Shares of SAIA traded up $22.49 during mid-day trading on Thursday, reaching $525.50. The company had a trading volume of 76,857 shares, compared to its average volume of 373,086. The stock has a 50 day moving average of $493.78 and a two-hundred day moving average of $461.92. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $13.97 billion, a P/E ratio of 37.51, a PEG ratio of 2.31 and a beta of 1.79. Saia has a 52-week low of $358.90 and a 52-week high of $628.34.

Saia (NASDAQ:SAIA) last posted its earnings results on Friday, February 7th. The transportation company reported $2.84 earnings per share for the quarter, missing the consensus estimate of $2.87 by ($0.03). The firm had revenue of $789.00 million for the quarter, compared to analysts’ expectations of $794.69 million. Saia had a net margin of 11.83% and a return on equity of 18.00%. Saia’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period last year, the firm earned $3.33 earnings per share. On average, analysts expect that Saia will post 13.47 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Rohit Lal sold 1,120 shares of the company’s 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 completion of the sale, the executive vice president now owns 8,270 shares in the company, valued at $4,631,200. This represents a 11.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Saia

Large investors have recently modified their holdings of the stock. Kestra Investment Management LLC purchased a new position in Saia in the fourth quarter worth $25,000. Paladin Wealth LLC purchased a new position in shares of Saia in the third quarter valued at $40,000. Jones Financial Companies Lllp increased its position in shares of Saia by 47.8% in the fourth quarter. Jones Financial Companies Lllp now owns 201 shares of the transportation company’s stock valued at $92,000 after buying an additional 65 shares in the last quarter. Tobam purchased a new position in shares of Saia in the third quarter valued at $100,000. Finally, Blue Trust Inc. increased its position in shares of Saia by 319.1% in the third quarter. Blue Trust Inc. now owns 285 shares of the transportation company’s stock valued at $135,000 after buying an additional 217 shares in the last quarter.

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.