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

Saia (NASDAQ:SAIAGet Free Report) had its price target lowered by equities researchers at JPMorgan Chase & Co. from $566.00 to $558.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 18.04% from the company’s previous close.

SAIA has been the subject of several other research reports. BMO Capital Markets raised their price target on Saia from $465.00 to $495.00 and gave the stock a “market perform” rating in a report on Monday, October 28th. Citigroup lowered their price target on Saia from $651.00 to $644.00 and set a “buy” rating for the company in a report on Wednesday, December 4th. Barclays lowered their price target on Saia from $620.00 to $600.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Stephens raised their price target on Saia from $481.00 to $515.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. Finally, The Goldman Sachs Group raised their price target on Saia from $492.00 to $563.00 and gave the stock a “neutral” rating in a report on Thursday, December 12th. One investment 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $531.00.

Check Out Our Latest Report on SAIA

Saia Trading Up 0.5 %

NASDAQ:SAIA traded up $2.33 during midday trading on Tuesday, hitting $472.74. 30,141 shares of the company traded hands, compared to its average volume of 363,930. 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 firm’s fifty day moving average is $496.74 and its 200-day moving average is $461.67. Saia has a 12-month low of $358.90 and a 12-month high of $628.34. The firm has a market capitalization of $12.57 billion, a P/E ratio of 33.97, a P/E/G ratio of 2.31 and a beta of 1.79.

Saia (NASDAQ:SAIAGet Free Report) last released its 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). The business had revenue of $789.00 million during the quarter, compared to analysts’ expectations of $794.69 million. Saia had a return on equity of 18.00% and a net margin of 11.83%. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.33 EPS. On average, sell-side analysts predict that Saia will post 13.47 EPS for the current year.

Insider Buying and Selling

In related news, EVP Rohit Lal sold 1,120 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $560.00, for a total value of $627,200.00. Following the completion of the sale, the executive vice president now directly owns 8,270 shares of the company’s stock, valued at $4,631,200. The trade was a 11.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Kestra Investment Management LLC purchased a new position in Saia during the fourth quarter worth about $25,000. Paladin Wealth LLC acquired a new position in Saia during the third quarter worth about $40,000. Tobam acquired a new position in Saia during the third quarter worth about $100,000. Blue Trust Inc. grew its position in Saia by 319.1% during the third quarter. Blue Trust Inc. now owns 285 shares of the transportation company’s stock worth $135,000 after buying an additional 217 shares during the period. Finally, Arcadia Investment Management Corp MI acquired a new position in Saia during the fourth quarter worth about $154,000.

About Saia

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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.

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Analyst Recommendations for Saia (NASDAQ:SAIA)

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