Saia (NASDAQ:SAIA) Price Target Raised to $400.00 at Barclays

Saia (NASDAQ:SAIA) had its price target raised by Barclays from $380.00 to $400.00 in a research report released on Wednesday,Benzinga reports. They currently have an overweight rating on the transportation company’s stock.

A number of other equities analysts have also recently weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of Saia from $349.00 to $365.00 and gave the stock an “overweight” rating in a research note on Monday, January 12th. Wolfe Research restated a “peer perform” rating on shares of Saia in a research report on Thursday, January 8th. Morgan Stanley cut shares of Saia from an “equal weight” rating to an “underweight” rating and set a $250.00 target price for the company. in a report on Tuesday. Wall Street Zen raised Saia from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Finally, Citigroup raised their price objective on Saia from $431.00 to $442.00 and gave the company a “buy” rating in a research note on Wednesday. Nine investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $378.50.

Saia Stock Performance

Shares of SAIA stock traded down $15.47 during trading hours on Wednesday, reaching $373.22. 80,611 shares of the company’s stock were exchanged, compared to its average volume of 560,309. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.64 and a quick ratio of 1.68. The company’s 50 day moving average is $351.03 and its two-hundred day moving average is $315.33. The company has a market cap of $9.94 billion, a P/E ratio of 40.29 and a beta of 2.09. Saia has a 1 year low of $229.12 and a 1 year high of $507.39.

Saia (NASDAQ:SAIA) last announced its quarterly earnings data on Tuesday, February 10th. The transportation company reported $1.77 earnings per share for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.13). The business had revenue of $789.95 million for the quarter, compared to analyst estimates of $773.82 million. Saia had a return on equity of 9.86% and a net margin of 7.89%.The company’s revenue was up .1% on a year-over-year basis. During the same period in the prior year, the company earned $2.84 EPS. Equities research analysts anticipate that Saia will post 15.46 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Donna E. Epps acquired 422 shares of the business’s stock in a transaction that occurred on Wednesday, November 26th. The stock was purchased at an average cost of $277.60 per share, for a total transaction of $117,147.20. Following the transaction, the director directly owned 1,852 shares of the company’s stock, valued at approximately $514,115.20. This trade represents a 29.51% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Raymond R. Ramu sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $266.57, for a total value of $266,570.00. Following the completion of the sale, the vice president directly owned 4,902 shares in the company, valued at approximately $1,306,726.14. The trade was a 16.94% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.30% of the company’s stock.

Institutional Trading of Saia

Large investors have recently made changes to their positions in the stock. Alliancebernstein L.P. increased its position in Saia by 35.4% during the 3rd quarter. Alliancebernstein L.P. now owns 2,273,396 shares of the transportation company’s stock worth $680,564,000 after purchasing an additional 594,674 shares in the last quarter. Capital International Investors boosted its stake in shares of Saia by 0.8% during the 3rd quarter. Capital International Investors now owns 1,419,062 shares of the transportation company’s stock worth $424,794,000 after purchasing an additional 11,454 shares during the last quarter. Viking Global Investors LP grew its holdings in shares of Saia by 67.2% during the third quarter. Viking Global Investors LP now owns 1,383,888 shares of the transportation company’s stock worth $414,281,000 after buying an additional 556,229 shares in the last quarter. Wasatch Advisors LP grew its holdings in shares of Saia by 25.3% during the second quarter. Wasatch Advisors LP now owns 825,687 shares of the transportation company’s stock worth $226,230,000 after buying an additional 166,486 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of Saia by 1,300.4% in the third quarter. Invesco Ltd. now owns 701,418 shares of the transportation company’s stock valued at $209,976,000 after buying an additional 651,332 shares during the last quarter.

Saia Company Profile

Saia, Inc is a publicly traded transportation company specializing in less-than-truckload (LTL) freight services across North America. Headquartered in Johns Creek, Georgia, the company focuses on the efficient movement of time-sensitive freight for a diverse customer base that spans retail, manufacturing, automotive, and healthcare industries. By leveraging a network of terminals and service centers, Saia provides tailored solutions designed to optimize supply chain performance.

The company’s core offerings include regional, interregional, and national LTL shipping, supported by volumetric LTL and port intermodal services.