Saia (NASDAQ:SAIA) Price Target Raised to $563.00 at The Goldman Sachs Group

Saia (NASDAQ:SAIA) had its target price lifted by analysts at The Goldman Sachs Group from $492.00 to $563.00 in a report released on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the transportation company’s stock. The Goldman Sachs Group’s target price would suggest a potential upside of 9.48% from the company’s previous close.

A number of other equities research analysts have also recently weighed in on the company. Susquehanna lifted their price target on Saia from $550.00 to $585.00 and gave the company a “positive” rating in a report on Wednesday, September 18th. Evercore ISI reduced their price target on Saia from $503.00 to $488.00 and set an “outperform” rating for the company in a research report on Thursday, October 3rd. Bank of America lifted their price objective on shares of Saia from $443.00 to $460.00 and gave the company a “buy” rating in a research note on Thursday, September 5th. Wolfe Research upgraded shares of Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 price objective for the company in a report on Wednesday, October 9th. Finally, Benchmark reaffirmed a “buy” rating and set a $480.00 price target on shares of Saia in a research note on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $514.88.

Saia Stock Performance

NASDAQ:SAIA traded down $7.22 during midday trading on Thursday, reaching $514.25. 52,210 shares of the company traded hands, compared to its average volume of 383,416. The firm has a market capitalization of $13.67 billion, a price-to-earnings ratio of 36.56, a price-to-earnings-growth ratio of 2.89 and a beta of 1.74. The company has a fifty day moving average price of $499.05 and a 200 day moving average price of $453.37. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.26 and a quick ratio of 1.26. Saia has a twelve month low of $358.90 and a twelve month high of $628.34.

Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Friday, October 25th. The transportation company reported $3.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.53 by ($0.07). Saia had a net margin of 11.83% and a return on equity of 18.00%. The firm had revenue of $842.10 million for the quarter, compared to analyst estimates of $839.82 million. During the same period last year, the firm posted $3.67 EPS. The business’s revenue was up 8.6% compared to the same quarter last year. On average, analysts expect that Saia will post 13.53 EPS for the current fiscal year.

Insider Activity at Saia

In other Saia news, EVP Rohit Lal sold 1,120 shares of Saia stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $560.00, for a total transaction of $627,200.00. Following the transaction, the executive vice president now directly owns 8,270 shares in the company, valued at approximately $4,631,200. The trade was a 11.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Saia

Several institutional investors and hedge funds have recently modified their holdings of SAIA. Blue Trust Inc. boosted its holdings in shares of Saia by 161.5% in the second quarter. Blue Trust Inc. now owns 68 shares of the transportation company’s stock valued at $32,000 after buying an additional 42 shares during the period. Paladin Wealth LLC acquired a new position in Saia in the 3rd quarter worth $40,000. Quarry LP acquired a new stake in shares of Saia in the 2nd quarter valued at about $41,000. International Assets Investment Management LLC bought a new stake in shares of Saia in the second quarter valued at about $42,000. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Saia by 754.5% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 94 shares of the transportation company’s stock worth $45,000 after buying an additional 83 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.