Saia (NASDAQ:SAIA) Price Target Raised to $563.00 at The Goldman Sachs Group

Saia (NASDAQ:SAIA) had its price objective upped by The Goldman Sachs Group from $492.00 to $563.00 in a research report sent to investors on Thursday morning,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the transportation company’s stock.

Several other research analysts also recently commented on the company. Benchmark restated a “buy” rating and set a $480.00 price objective on shares of Saia in a report on Thursday, September 19th. Susquehanna raised their price target on Saia from $550.00 to $585.00 and gave the company a “positive” rating in a research note on Wednesday, September 18th. Bank of America upped their price objective on shares of Saia from $443.00 to $460.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th. Stifel Nicolaus downgraded shares of Saia from a “buy” rating to a “hold” rating and cut their target price for the company from $440.00 to $437.00 in a research report on Monday, October 21st. Finally, TD Cowen boosted their price target on shares of Saia from $416.00 to $418.00 and gave the company a “hold” rating in a report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $514.88.

Saia Stock Up 0.5 %

Shares of SAIA opened at $524.08 on Thursday. The firm has a fifty day moving average price of $501.00 and a 200-day moving average price of $453.86. 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 has a market capitalization of $13.94 billion, a P/E ratio of 37.43, a P/E/G ratio of 2.92 and a beta of 1.74. Saia has a 12-month low of $358.90 and a 12-month high of $628.34.

Saia (NASDAQ:SAIA) last released 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). The company had revenue of $842.10 million during the quarter, compared to analysts’ expectations of $839.82 million. Saia had a net margin of 11.83% and a return on equity of 18.00%. Saia’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the firm earned $3.67 earnings per share. Equities research analysts expect that Saia will post 13.52 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Rohit Lal sold 1,120 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 8,270 shares of the company’s stock, valued at $4,631,200. This trade represents a 11.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in SAIA. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new position in shares of Saia in the third quarter valued at about $22,979,000. BNP Paribas Financial Markets boosted its position in Saia by 61.7% in the third quarter. BNP Paribas Financial Markets now owns 3,698 shares of the transportation company’s stock valued at $1,617,000 after buying an additional 1,411 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Saia in the 3rd quarter worth approximately $7,058,000. Westfield Capital Management Co. LP raised its position in Saia by 11.8% during the 3rd quarter. Westfield Capital Management Co. LP now owns 303,582 shares of the transportation company’s stock worth $132,744,000 after buying an additional 31,991 shares during the last quarter. Finally, Wolverine Asset Management LLC acquired a new stake in Saia during the 3rd quarter valued at approximately $437,000.

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.