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

Saia (NASDAQ:SAIA) had its price target hoisted by stock analysts at Stifel Nicolaus from $443.00 to $529.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “hold” rating on the transportation company’s stock. Stifel Nicolaus’ price objective would suggest a potential upside of 6.20% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the company. Stephens raised their target price on Saia from $481.00 to $515.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. BMO Capital Markets raised their price objective on Saia from $465.00 to $495.00 and gave the stock a “market perform” rating in a research report on Monday, October 28th. Susquehanna reaffirmed a “neutral” rating and issued a $530.00 target price (down previously from $565.00) on shares of Saia in a research report on Tuesday, January 7th. JPMorgan Chase & Co. lifted their price target on shares of Saia from $499.00 to $566.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Finally, Evercore ISI decreased their price objective on shares of Saia from $503.00 to $488.00 and set an “outperform” rating on the stock in a report on Thursday, October 3rd. One research 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $527.65.

Saia Price Performance

Shares of NASDAQ:SAIA traded up $2.42 during trading on Thursday, reaching $498.12. The stock had a trading volume of 24,347 shares, compared to its average volume of 335,240. Saia has a 1-year low of $358.90 and a 1-year high of $628.34. The stock has a market cap of $13.25 billion, a PE ratio of 35.46, a PEG ratio of 2.43 and a beta of 1.79. The business has a fifty day moving average price of $503.91 and a 200-day moving average price of $460.41. 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 (NASDAQ:SAIA) last announced its quarterly earnings data on Friday, October 25th. The transportation company reported $3.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.53 by ($0.07). Saia had a net margin of 11.83% and a return on equity of 18.00%. The business had revenue of $842.10 million for the quarter, compared to analysts’ expectations of $839.82 million. During the same period in the prior year, the company posted $3.67 EPS. The firm’s revenue was up 8.6% on a year-over-year basis. On average, equities analysts forecast that Saia will post 13.47 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Mercer Global Advisors Inc. ADV raised its stake in shares of Saia by 21.6% during the second quarter. Mercer Global Advisors Inc. ADV now owns 1,025 shares of the transportation company’s stock worth $486,000 after purchasing an additional 182 shares during the last quarter. Intech Investment Management LLC acquired a new stake in shares of Saia in the 2nd quarter worth $689,000. Pacer Advisors Inc. increased its stake in shares of Saia by 5.1% during the second quarter. Pacer Advisors Inc. now owns 5,257 shares of the transportation company’s stock worth $2,493,000 after acquiring an additional 254 shares during the period. Ensign Peak Advisors Inc raised its holdings in Saia by 2.8% during the second quarter. Ensign Peak Advisors Inc now owns 10,161 shares of the transportation company’s stock worth $4,819,000 after purchasing an additional 275 shares in the last quarter. Finally, Evergreen Capital Management LLC lifted its position in Saia by 21.5% in the second quarter. Evergreen Capital Management LLC now owns 763 shares of the transportation company’s stock valued at $362,000 after purchasing an additional 135 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.