Saia (NASDAQ:SAIA) Stock Price Expected to Rise, Susquehanna Analyst Says

Saia (NASDAQ:SAIA) had its target price hoisted by Susquehanna from $530.00 to $540.00 in a research note published on Tuesday morning,Benzinga reports. The firm currently has a neutral rating on the transportation company’s stock.

A number of other equities analysts have also recently issued reports on the company. Stifel Nicolaus upped their price objective on Saia from $443.00 to $529.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Bank of America dropped their target price on Saia from $600.00 to $565.00 and set a “buy” rating for the company in a report on Tuesday. Citigroup dropped their target price on Saia from $651.00 to $644.00 and set a “buy” rating for the company in a report on Wednesday, December 4th. JPMorgan Chase & Co. dropped their target price on Saia from $566.00 to $558.00 and set an “overweight” rating for the company in a report on Tuesday. Finally, Barclays dropped their target price on Saia from $620.00 to $600.00 and set an “overweight” rating for the company in a report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $535.41.

Saia Price Performance

SAIA opened at $508.47 on Tuesday. The stock has a 50-day moving average price of $492.66 and a 200-day moving average price of $462.24. Saia has a 12-month low of $358.90 and a 12-month high of $628.34. 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 stock has a market capitalization of $13.52 billion, a P/E ratio of 36.32, a PEG 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.03). Saia had a return on equity of 18.00% and a net margin of 11.83%. The firm had revenue of $789.00 million during the quarter, compared to analysts’ expectations of $794.69 million. During the same quarter in the previous year, the company posted $3.33 earnings per share. Saia’s revenue for the quarter was up 5.0% compared to the same quarter last year. Equities analysts predict that Saia will post 13.47 earnings per share for the current fiscal year.

Insider Transactions at Saia

In other 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 value of $627,200.00. Following the completion of the transaction, the executive vice president now owns 8,270 shares of the company’s stock, valued at approximately $4,631,200. This represents a 11.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Oddo BHF Asset Management Sas bought a new position in shares of Saia in the 3rd quarter worth approximately $1,408,000. MML Investors Services LLC increased its position in Saia by 89.8% during the 3rd quarter. MML Investors Services LLC now owns 4,313 shares of the transportation company’s stock valued at $1,886,000 after buying an additional 2,041 shares in the last quarter. ZWJ Investment Counsel Inc. increased its position in Saia by 2.8% during the 4th quarter. ZWJ Investment Counsel Inc. now owns 59,870 shares of the transportation company’s stock valued at $27,285,000 after buying an additional 1,644 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new position in Saia during the 3rd quarter valued at approximately $22,979,000. Finally, BNP Paribas Financial Markets increased its position in Saia by 61.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,698 shares of the transportation company’s stock valued at $1,617,000 after buying an additional 1,411 shares in 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.