JPMorgan Chase & Co. Trims Saia (NASDAQ:SAIA) Target Price to $580.00

Saia (NASDAQ:SAIA) had its price target reduced by equities research analysts at JPMorgan Chase & Co. from $676.00 to $580.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has an “overweight” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 37.27% from the company’s current price.

Other equities analysts also recently issued reports about the stock. Benchmark lifted their price target on shares of Saia from $575.00 to $625.00 and gave the company a “buy” rating in a report on Thursday, March 21st. Susquehanna increased their price objective on shares of Saia from $500.00 to $625.00 and gave the company a “positive” rating in a report on Thursday, February 8th. Bank of America lowered their target price on shares of Saia from $645.00 to $484.00 and set a “buy” rating for the company in a research note on Monday. TD Cowen lowered their price objective on shares of Saia from $528.00 to $473.00 and set a “hold” rating for the company in a research report on Monday. Finally, BMO Capital Markets decreased their target price on shares of Saia from $575.00 to $490.00 and set a “market perform” rating for the company in a research report on Monday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Saia has an average rating of “Moderate Buy” and a consensus price target of $485.35.

Saia Trading Down 1.5 %

Shares of NASDAQ SAIA traded down $6.30 during trading on Monday, hitting $422.51. 478,591 shares of the company traded hands, compared to its average volume of 314,480. The company has a 50-day moving average price of $568.54 and a 200-day moving average price of $479.85. The company has a quick ratio of 2.01, a current ratio of 1.23 and a debt-to-equity ratio of 0.04. Saia has a 1 year low of $266.91 and a 1 year high of $628.34. The firm has a market capitalization of $11.23 billion, a P/E ratio of 30.62, a P/E/G ratio of 1.39 and a beta of 1.62.

Saia (NASDAQ:SAIA) last issued its earnings results on Friday, April 26th. The transportation company reported $3.38 earnings per share for the quarter, missing analysts’ consensus estimates of $3.43 by ($0.05). The business had revenue of $754.80 million for the quarter, compared to the consensus estimate of $772.36 million. Saia had a return on equity of 19.53% and a net margin of 12.42%. The company’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.85 earnings per share. On average, equities analysts predict that Saia will post 16.13 EPS for the current year.

Insider Transactions at Saia

In other news, CEO Frederick J. Holzgrefe III sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $533.46, for a total value of $4,000,950.00. Following the transaction, the chief executive officer now owns 14,248 shares in the company, valued at approximately $7,600,738.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Saia news, VP Rohit Lal sold 2,870 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $536.55, for a total transaction of $1,539,898.50. Following the completion of the sale, the vice president now owns 8,482 shares in the company, valued at approximately $4,551,017.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Frederick J. Holzgrefe III sold 7,500 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $533.46, for a total transaction of $4,000,950.00. Following the sale, the chief executive officer now owns 14,248 shares of the company’s stock, valued at approximately $7,600,738.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,699 shares of company stock worth $14,966,813. Company insiders own 0.30% of the company’s stock.

Institutional Trading of Saia

A number of hedge funds and other institutional investors have recently bought and sold shares of SAIA. Commonwealth Equity Services LLC increased its stake in Saia by 1.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 1,549 shares of the transportation company’s stock valued at $618,000 after purchasing an additional 29 shares in the last quarter. Raymond James & Associates increased its stake in Saia by 0.7% during the 3rd quarter. Raymond James & Associates now owns 92,450 shares of the transportation company’s stock valued at $36,855,000 after purchasing an additional 653 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in Saia by 331.3% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 3,817 shares of the transportation company’s stock valued at $1,522,000 after purchasing an additional 2,932 shares in the last quarter. New York State Teachers Retirement System grew its stake in shares of Saia by 3.9% in the 3rd quarter. New York State Teachers Retirement System now owns 24,175 shares of the transportation company’s stock worth $9,637,000 after acquiring an additional 900 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Saia by 16.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,216 shares of the transportation company’s stock worth $2,079,000 after acquiring an additional 728 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.