Saia (NASDAQ:SAIA) PT Raised to $135.00 at Raymond James

Saia (NASDAQ:SAIA) had its target price upped by research analysts at Raymond James from $115.00 to $135.00 in a research note issued to investors on Thursday, BenzingaRatingsTable reports. The brokerage currently has an “outperform” rating on the transportation company’s stock. Raymond James’ target price indicates a potential upside of 13.02% from the stock’s previous close.

SAIA has been the topic of a number of other reports. SunTrust Banks raised their price target on shares of Saia from $112.00 to $142.00 and gave the company a “buy” rating in a report on Friday, July 17th. Cowen reissued a “hold” rating and issued a $99.00 price target on shares of Saia in a research note on Wednesday, April 29th. Zacks Investment Research cut shares of Saia from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Deutsche Bank boosted their price target on shares of Saia from $133.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday. Finally, BidaskClub upgraded shares of Saia from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 9th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $108.57.

NASDAQ SAIA traded down $1.21 during trading hours on Thursday, hitting $119.45. 268,020 shares of the company’s stock traded hands, compared to its average volume of 264,332. The firm has a market capitalization of $3.15 billion, a P/E ratio of 28.51, a P/E/G ratio of 2.37 and a beta of 1.11. Saia has a 52 week low of $61.46 and a 52 week high of $132.62. The business’s fifty day moving average price is $117.01 and its two-hundred day moving average price is $96.54. The company has a current ratio of 1.09, a quick ratio of 1.23 and a debt-to-equity ratio of 0.16.

Saia (NASDAQ:SAIA) last issued its earnings results on Wednesday, July 29th. The transportation company reported $1.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.17. The firm had revenue of $418.11 million during the quarter, compared to analyst estimates of $414.68 million. Saia had a net margin of 6.25% and a return on equity of 13.12%. Saia’s revenue for the quarter was down 9.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.40 earnings per share. On average, sell-side analysts expect that Saia will post 4.02 EPS for the current fiscal year.

In related news, CFO Douglas L. Col sold 1,000 shares of the firm’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $111.75, for a total transaction of $111,750.00. Following the sale, the chief financial officer now directly owns 5,227 shares in the company, valued at approximately $584,117.25. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Richard D. Odell sold 9,749 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $103.24, for a total value of $1,006,486.76. Following the sale, the director now owns 32,155 shares in the company, valued at $3,319,682.20. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Large investors have recently made changes to their positions in the stock. CWM LLC lifted its stake in shares of Saia by 58.2% in the 1st quarter. CWM LLC now owns 481 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 177 shares during the period. Cutler Group LP acquired a new position in shares of Saia in the 1st quarter valued at $36,000. Advisor Group Holdings Inc. acquired a new position in shares of Saia in the 1st quarter valued at $38,000. First Mercantile Trust Co. lifted its stake in shares of Saia by 39.8% in the 1st quarter. First Mercantile Trust Co. now owns 1,510 shares of the transportation company’s stock valued at $111,000 after purchasing an additional 430 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Saia by 17.3% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,881 shares of the transportation company’s stock valued at $138,000 after purchasing an additional 278 shares during the period.

About Saia

Saia, Inc, through its subsidiaries, operates as a transportation company in North America. The company provides regional and interregional 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.

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Analyst Recommendations for Saia (NASDAQ:SAIA)

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