Saia (NASDAQ:SAIA) Price Target Lowered to $558.00 at JPMorgan Chase & Co.

Saia (NASDAQ:SAIA) had its price objective lowered by JPMorgan Chase & Co. from $566.00 to $558.00 in a research note released on Tuesday,Benzinga reports. The firm currently has an overweight rating on the transportation company’s stock.

A number of other research analysts have also commented on the company. Wolfe Research raised Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 price objective on the stock in a report on Wednesday, October 9th. Barclays decreased their price objective on Saia from $620.00 to $600.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Citigroup decreased their price objective on Saia from $651.00 to $644.00 and set a “buy” rating on the stock in a report on Wednesday, December 4th. Stephens upped their price objective on Saia from $481.00 to $515.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Finally, Susquehanna reaffirmed a “neutral” rating and issued a $530.00 price objective (down from $565.00) on shares of Saia in a report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $535.41.

Saia Stock Up 1.1 %

SAIA opened at $508.47 on Tuesday. Saia has a 1-year low of $358.90 and a 1-year high of $628.34. The stock’s fifty day simple moving average is $492.66 and its 200 day simple moving average is $462.24. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. The stock has a market cap of $13.52 billion, a PE ratio of 36.32, a price-to-earnings-growth ratio of 2.31 and a beta of 1.79.

Saia (NASDAQ:SAIA) last posted its quarterly earnings results on Friday, February 7th. The transportation company reported $2.84 earnings per share for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.03). Saia had a net margin of 11.83% and a return on equity of 18.00%. The business had revenue of $789.00 million during the quarter, compared to the consensus estimate of $794.69 million. During the same quarter last year, the company posted $3.33 EPS. The firm’s revenue was up 5.0% on a year-over-year basis. As a group, research analysts expect that Saia will post 13.47 earnings per share for the current year.

Insider Activity at Saia

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

Institutional Trading of Saia

Several large investors have recently bought and sold shares of the business. Vestmark Advisory Solutions Inc. boosted its stake in Saia by 3.7% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 9,069 shares of the transportation company’s stock valued at $4,133,000 after buying an additional 323 shares in the last quarter. Inceptionr LLC bought a new position in Saia in the fourth quarter valued at about $710,000. Raymond James Financial Inc. bought a new position in Saia in the fourth quarter valued at about $46,514,000. Arizona State Retirement System raised its position in Saia by 0.4% in the fourth quarter. Arizona State Retirement System now owns 7,685 shares of the transportation company’s stock valued at $3,502,000 after purchasing an additional 29 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new position in Saia in the fourth quarter valued at about $15,577,000.

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.