Saia, Inc. (NASDAQ:SAIA) Receives $492.83 Consensus Price Target from Analysts

Shares of Saia, Inc. (NASDAQ:SAIA) have been given an average rating of “Moderate Buy” by the seventeen brokerages that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $497.41.

SAIA has been the subject of a number of recent analyst reports. Stifel Nicolaus raised shares of Saia from a “hold” rating to a “buy” rating and decreased their target price for the company from $526.00 to $475.00 in a research report on Friday, May 24th. BMO Capital Markets lifted their target price on shares of Saia from $490.00 to $500.00 and gave the stock a “market perform” rating in a research note on Thursday. Wells Fargo & Company began coverage on shares of Saia in a research report on Friday, June 7th. They set an “equal weight” rating and a $445.00 price target on the stock. UBS Group lowered their price objective on Saia from $618.00 to $541.00 and set a “buy” rating for the company in a research report on Monday, April 29th. Finally, Susquehanna cut their target price on Saia from $610.00 to $550.00 and set a “positive” rating on the stock in a research report on Wednesday, June 12th.

Insider Buying and Selling

In other news, Director John P. Gainor, Jr. purchased 500 shares of the business’s stock in a transaction dated Thursday, May 2nd. The stock was bought at an average price of $407.00 per share, for a total transaction of $203,500.00. Following the purchase, the director now owns 900 shares of the company’s stock, valued at $366,300. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Contravisory Investment Management Inc. purchased a new position in Saia during the 4th quarter valued at about $26,000. Pineridge Advisors LLC purchased a new position in Saia during the fourth quarter valued at approximately $26,000. Rise Advisors LLC purchased a new position in Saia during the first quarter valued at approximately $40,000. Core Wealth Advisors Inc. bought a new stake in Saia during the 4th quarter worth approximately $32,000. Finally, GAMMA Investing LLC purchased a new stake in Saia in the 4th quarter worth approximately $43,000.

Saia Price Performance

Shares of NASDAQ:SAIA opened at $452.74 on Wednesday. The firm has a market cap of $12.04 billion, a PE ratio of 32.81, a price-to-earnings-growth ratio of 1.62 and a beta of 1.70. Saia has a 52 week low of $302.35 and a 52 week high of $628.34. The firm’s fifty day moving average is $453.70 and its 200-day moving average is $484.54. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.23 and a current ratio of 1.23.

Saia (NASDAQ:SAIA) last announced its earnings results on Friday, April 26th. The transportation company reported $3.38 EPS for the quarter, missing the consensus estimate of $3.43 by ($0.05). The company had revenue of $754.80 million for the quarter, compared to analyst estimates of $772.36 million. Saia had a return on equity of 19.53% and a net margin of 12.42%. The firm’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.85 earnings per share. Sell-side analysts predict that Saia will post 15.26 earnings per share for the current year.

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.