Bank of America Increases Saia (NASDAQ:SAIA) Price Target to $555.00

Saia (NASDAQ:SAIA) had its price target raised by analysts at Bank of America from $501.00 to $555.00 in a note issued to investors on Monday, Benzinga reports. The firm presently has a “buy” rating on the transportation company’s stock. Bank of America‘s price target would indicate a potential upside of 15.08% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. Stifel Nicolaus upgraded Saia from a “hold” rating to a “buy” rating and decreased their price target for the stock from $526.00 to $475.00 in a report on Friday, May 24th. Raymond James decreased their price target on Saia from $540.00 to $520.00 and set an “outperform” rating for the company in a report on Monday, June 24th. Wolfe Research downgraded Saia from an “outperform” rating to a “peer perform” rating in a report on Thursday, April 11th. StockNews.com downgraded Saia from a “hold” rating to a “sell” rating in a report on Monday, April 29th. Finally, TD Cowen upped their price target on Saia from $473.00 to $475.00 and gave the stock a “hold” rating in a report on Thursday, June 6th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $502.18.

Saia Trading Down 1.7 %

Shares of SAIA stock opened at $482.29 on Monday. The company has a market cap of $12.82 billion, a P/E ratio of 34.95, a PEG ratio of 1.75 and a beta of 1.72. The stock has a 50 day simple moving average of $444.34 and a two-hundred day simple moving average of $493.03. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.23 and a current ratio of 1.23. Saia has a fifty-two week low of $341.26 and a fifty-two week high of $628.34.

Saia (NASDAQ:SAIA) last issued its earnings results on Friday, April 26th. The transportation company reported $3.38 earnings per share for the quarter, missing analysts’ consensus estimates of $3.43 by ($0.05). The business had revenue of $754.80 million during the quarter, compared to the consensus estimate of $772.36 million. Saia had a return on equity of 19.53% and a net margin of 12.42%. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.85 earnings per share. Research analysts forecast that Saia will post 15.32 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director John P. Gainor, Jr. bought 500 shares of the business’s stock in a transaction on Thursday, May 2nd. The stock was acquired at an average price of $407.00 per share, for a total transaction of $203,500.00. Following the purchase, the director now directly owns 900 shares in the company, valued at $366,300. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Saia by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 2,505,108 shares of the transportation company’s stock worth $1,465,488,000 after purchasing an additional 15,605 shares during the period. Capital Research Global Investors raised its holdings in shares of Saia by 16.2% in the 1st quarter. Capital Research Global Investors now owns 1,069,332 shares of the transportation company’s stock valued at $625,559,000 after acquiring an additional 149,074 shares in the last quarter. Artisan Partners Limited Partnership raised its holdings in shares of Saia by 1.9% in the 4th quarter. Artisan Partners Limited Partnership now owns 817,411 shares of the transportation company’s stock valued at $358,206,000 after acquiring an additional 15,317 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in shares of Saia by 6.8% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 708,420 shares of the transportation company’s stock valued at $414,425,000 after buying an additional 45,155 shares in the last quarter. Finally, Wasatch Advisors LP raised its holdings in shares of Saia by 1.5% during the 4th quarter. Wasatch Advisors LP now owns 567,925 shares of the transportation company’s stock valued at $248,876,000 after buying an additional 8,599 shares in the last quarter.

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.