Saia (NASDAQ:SAIA) Price Target Raised to $478.00 at TD Cowen

Saia (NASDAQ:SAIA) had its price objective boosted by TD Cowen from $456.00 to $478.00 in a report published on Tuesday,Benzinga reports. The brokerage currently has a hold rating on the transportation company’s stock.

SAIA has been the subject of a number of other reports. BMO Capital Markets raised their price target on Saia from $465.00 to $495.00 and gave the stock a “market perform” rating in a research note on Monday, October 28th. Stephens raised their price target on Saia from $481.00 to $515.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. Jefferies Financial Group raised their price target on Saia from $525.00 to $560.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. The Goldman Sachs Group raised their price target on Saia from $492.00 to $563.00 and gave the stock a “neutral” rating in a research note on Thursday, December 12th. Finally, Citigroup cut their price target on Saia from $561.00 to $544.00 and set a “buy” rating for the company in a research note on Tuesday. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $535.41.

Saia Stock Performance

Shares of SAIA opened at $508.47 on Tuesday. The company has a market capitalization of $13.52 billion, a PE ratio of 36.32, a PEG ratio of 2.31 and a beta of 1.79. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.26. The company’s 50 day moving average price is $492.66 and its 200 day moving average price is $462.24. Saia has a 52 week low of $358.90 and a 52 week high of $628.34.

Saia (NASDAQ:SAIA) last posted its quarterly 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). Saia had a net margin of 11.83% and a return on equity of 18.00%. The company had revenue of $789.00 million for the quarter, compared to analysts’ expectations of $794.69 million. During the same quarter in the prior year, the firm earned $3.33 earnings per share. The company’s revenue was up 5.0% on a year-over-year basis. Research analysts expect that Saia will post 13.47 EPS for the current fiscal year.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Saia

Institutional investors and hedge funds have recently bought and sold shares of the stock. Kestra Investment Management LLC bought a new position in Saia during the fourth quarter worth $25,000. Paladin Wealth LLC bought a new position in Saia during the third quarter worth $40,000. Jones Financial Companies Lllp increased its position in Saia by 47.8% during the fourth quarter. Jones Financial Companies Lllp now owns 201 shares of the transportation company’s stock worth $92,000 after acquiring an additional 65 shares during the period. Tobam bought a new position in Saia during the third quarter worth $100,000. Finally, Blue Trust Inc. increased its position in Saia by 319.1% during the third quarter. Blue Trust Inc. now owns 285 shares of the transportation company’s stock worth $135,000 after acquiring an additional 217 shares during the period.

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.