Saia (NASDAQ:SAIA) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Saia (NASDAQ:SAIA) had its target price boosted by research analysts at JPMorgan Chase & Co. from $285.00 to $295.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the transportation company’s stock. JPMorgan Chase & Co.‘s target price points to a potential downside of 0.30% from the company’s previous close.

SAIA has been the topic of several other reports. Deutsche Bank Aktiengesellschaft cut shares of Saia from a “buy” rating to a “hold” rating and set a $273.00 price objective on the stock. in a research note on Thursday, May 1st. BMO Capital Markets lowered shares of Saia from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $455.00 to $285.00 in a research report on Friday, April 25th. Citigroup boosted their target price on shares of Saia from $288.00 to $317.00 and gave the stock a “buy” rating in a research report on Friday, May 30th. Stifel Nicolaus set a $277.00 price objective on shares of Saia in a research report on Monday, April 28th. Finally, Wall Street Zen raised shares of Saia to a “sell” rating in a research note on Tuesday, May 13th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $335.21.

Saia Stock Up 3.5%

Shares of NASDAQ SAIA traded up $10.01 during midday trading on Tuesday, hitting $295.90. The company’s stock had a trading volume of 150,438 shares, compared to its average volume of 526,714. Saia has a 1 year low of $229.12 and a 1 year high of $624.55. The business’s fifty day simple moving average is $268.24 and its two-hundred day simple moving average is $363.20. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.43 and a quick ratio of 1.43. The firm has a market capitalization of $7.88 billion, a price-to-earnings ratio of 24.64, a price-to-earnings-growth ratio of 7.72 and a beta of 1.98.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Friday, April 25th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.77 by ($0.91). Saia had a return on equity of 14.21% and a net margin of 9.91%. The firm had revenue of $787.58 million during the quarter, compared to analysts’ expectations of $806.18 million. During the same quarter in the prior year, the firm earned $3.38 EPS. The firm’s revenue was up 4.3% compared to the same quarter last year. On average, equities analysts predict that Saia will post 15.46 EPS for the current year.

Institutional Investors Weigh In On Saia

Institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC raised its stake in Saia by 3.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 744 shares of the transportation company’s stock worth $339,000 after acquiring an additional 26 shares during the period. Core Wealth Advisors Inc. lifted its position in shares of Saia by 3.9% in the 4th quarter. Core Wealth Advisors Inc. now owns 700 shares of the transportation company’s stock valued at $319,000 after acquiring an additional 26 shares in the last quarter. Heritage Family Offices LLP lifted its position in Saia by 4.1% in the 1st quarter. Heritage Family Offices LLP now owns 741 shares of the transportation company’s stock worth $259,000 after buying an additional 29 shares in the last quarter. Avantax Advisory Services Inc. boosted its holdings in Saia by 4.6% in the fourth quarter. Avantax Advisory Services Inc. now owns 678 shares of the transportation company’s stock worth $309,000 after purchasing an additional 30 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Saia by 172.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company’s stock worth $28,000 after purchasing an additional 38 shares in the last quarter.

About Saia

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.