Saia (NASDAQ:SAIA) Price Target Raised to $349.00 at JPMorgan Chase & Co.

Saia (NASDAQ:SAIA) had its price objective upped by equities researchers at JPMorgan Chase & Co. from $346.00 to $349.00 in a report released on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 3.22% from the stock’s current price.

A number of other research firms also recently weighed in on SAIA. Evercore ISI dropped their target price on Saia from $328.00 to $319.00 and set an “outperform” rating for the company in a research report on Friday, October 31st. Wells Fargo & Company lowered their target price on shares of Saia from $365.00 to $330.00 and set an “equal weight” rating for the company in a research note on Monday, October 6th. Susquehanna set a $350.00 price target on Saia in a research report on Friday, October 31st. Stifel Nicolaus lowered their target price on Saia from $306.00 to $298.00 and set a “hold” rating for the company in a report on Tuesday, October 28th. Finally, Wall Street Zen upgraded shares of Saia from a “sell” rating to a “hold” rating in a report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $330.25.

Saia Price Performance

NASDAQ:SAIA traded up $7.22 on Monday, reaching $338.13. The stock had a trading volume of 104,115 shares, compared to its average volume of 610,584. The company has a market capitalization of $9.01 billion, a P/E ratio of 31.84, a price-to-earnings-growth ratio of 10.58 and a beta of 2.10. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.09. Saia has a 1-year low of $229.12 and a 1-year high of $545.12. The stock has a fifty day moving average price of $291.12 and a 200-day moving average price of $290.66.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Thursday, October 30th. The transportation company reported $2.81 earnings per share for the quarter, beating analysts’ consensus estimates of $2.53 by $0.28. The firm had revenue of $839.64 million during the quarter, compared to analysts’ expectations of $824.06 million. Saia had a return on equity of 11.32% and a net margin of 8.77%.The business’s revenue was down .3% on a year-over-year basis. During the same period last year, the firm posted $3.46 EPS. Research analysts forecast that Saia will post 15.46 EPS for the current year.

Insider Transactions at Saia

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

Hedge Funds Weigh In On Saia

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SAIA. Charles Schwab Investment Management Inc. raised its position in shares of Saia by 4.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 235,774 shares of the transportation company’s stock valued at $82,387,000 after purchasing an additional 9,637 shares during the period. Deutsche Bank AG raised its holdings in Saia by 25.9% in the 1st quarter. Deutsche Bank AG now owns 47,205 shares of the transportation company’s stock valued at $16,495,000 after acquiring an additional 9,702 shares during the period. Invesco Ltd. raised its holdings in Saia by 30.3% in the 1st quarter. Invesco Ltd. now owns 227,765 shares of the transportation company’s stock valued at $79,588,000 after acquiring an additional 52,940 shares during the period. Nuveen LLC acquired a new stake in Saia during the first quarter worth approximately $24,660,000. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Saia by 24.9% during the first quarter. Russell Investments Group Ltd. now owns 33,852 shares of the transportation company’s stock worth $11,829,000 after acquiring an additional 6,750 shares during the period.

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.