Susquehanna Issues Positive Forecast for Saia (NASDAQ:SAIA) Stock Price

Saia (NASDAQ:SAIAGet Free Report) had its price objective hoisted by research analysts at Susquehanna from $530.00 to $540.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the transportation company’s stock. Susquehanna’s price objective would indicate a potential upside of 14.90% from the stock’s current price.

SAIA has been the topic of several other reports. Stephens boosted their target price on shares of Saia from $481.00 to $515.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Stifel Nicolaus lifted their target price on shares of Saia from $443.00 to $529.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group upped their target price on Saia from $492.00 to $563.00 and gave the company a “neutral” rating in a research note on Thursday, December 12th. Wolfe Research upgraded shares of 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. Finally, Barclays lowered their target price on shares of Saia from $620.00 to $600.00 and set an “overweight” rating for the company in a report on Friday, January 17th. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $531.59.

Check Out Our Latest Research Report on Saia

Saia Stock Performance

NASDAQ SAIA traded down $0.45 during trading hours on Tuesday, hitting $469.96. The company had a trading volume of 59,175 shares, compared to its average volume of 365,017. The company has a market cap of $12.50 billion, a PE ratio of 33.57, a price-to-earnings-growth ratio of 2.31 and a beta of 1.79. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.26. Saia has a 1-year low of $358.90 and a 1-year high of $628.34. The business has a 50 day moving average of $496.74 and a 200-day moving average of $461.67.

Saia (NASDAQ:SAIAGet Free Report) last posted its quarterly earnings data on Friday, February 7th. The transportation company reported $2.84 EPS 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 analyst estimates of $794.69 million. During the same quarter in the prior year, the firm posted $3.33 earnings per share. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. As a group, equities research analysts expect that Saia will post 13.47 EPS for the current year.

Insider Transactions at Saia

In other news, EVP Rohit Lal sold 1,120 shares of the company’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 transaction, the executive vice president now directly owns 8,270 shares of the company’s stock, valued at approximately $4,631,200. This represents a 11.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Y Intercept Hong Kong Ltd acquired a new stake in Saia during the fourth quarter worth about $3,363,000. World Equity Group Inc. acquired a new position in Saia in the fourth quarter worth $201,000. ST. Nicholas Private Asset Management Inc. acquired a new position in Saia during the 4th quarter worth about $1,720,000. Pinnacle Financial Partners Inc acquired a new stake in shares of Saia in the 4th quarter valued at $204,000. Finally, Arcadia Investment Management Corp MI acquired a new stake in shares of Saia during the fourth quarter worth $154,000.

Saia Company Profile

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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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