JPMorgan Chase & Co. Increases Saia (NASDAQ:SAIA) Price Target to $380.00

Key Points

• JPMorgan Chase & Co. has raised its price target for Saia (NASDAQ:SAIA) from $295.00 to $380.00, maintaining an "overweight" rating on the stock, suggesting a 15.70% upside from the previous close.
• Other analysts have varied opinions on Saia, with Bank of America setting a target of $300.00, while several firms, including Wells Fargo, have also adjusted their price objectives recently.
• Saia reported an EPS of $2.67 for its last quarter, exceeding estimates, but its revenue was slightly below expectations, indicating mixed financial performance.

Saia (NASDAQ:SAIA - Get Free Report) had its target price boosted by equities researchers at JPMorgan Chase & Co. from $295.00 to $380.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has an "overweight" rating on the transportation company's stock. JPMorgan Chase & Co.'s price target suggests a potential upside of 15.70% from the company's previous close.

Other research analysts also recently issued research reports about the company. Bank of America boosted their price target on Saia from $251.00 to $300.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Wall Street Zen raised Saia to a "sell" rating in a research note on Tuesday, May 13th. Citigroup reissued a "buy" rating on shares of Saia in a research note on Monday. Morgan Stanley set a $250.00 price objective on shares of Saia in a research report on Friday, April 25th. Finally, Wells Fargo & Company increased their price objective on shares of Saia from $290.00 to $365.00 and gave the stock an "equal weight" rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $342.53.

Saia Stock Performance

SAIA stock traded down $5.17 during midday trading on Monday, reaching $328.45. 286,564 shares of the company were exchanged, compared to its average volume of 659,728. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.49 and a quick ratio of 1.43. The business has a 50-day moving average price of $278.02 and a two-hundred day moving average price of $347.31. Saia has a one year low of $229.12 and a one year high of $624.55. The firm has a market capitalization of $8.75 billion, a price-to-earnings ratio of 30.34, a price-to-earnings-growth ratio of 11.56 and a beta of 1.98.

Saia (NASDAQ:SAIA - Get Free Report) last released its quarterly earnings data on Friday, July 25th. The transportation company reported $2.67 EPS for the quarter, topping analysts' consensus estimates of $2.39 by $0.28. The firm had revenue of $817.12 million during the quarter, compared to analysts' expectations of $826.59 million. Saia had a net margin of 8.96% and a return on equity of 12.42%. The company's revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the previous year, the business posted $3.83 earnings per share. Equities research analysts forecast that Saia will post 15.46 EPS for the current year.

Institutional Investors Weigh In On Saia

Several large investors have recently made changes to their positions in the business. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Saia by 172.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company's stock worth $28,000 after acquiring an additional 38 shares during the last quarter. Golden State Wealth Management LLC increased its holdings in Saia by 127.0% in the 1st quarter. Golden State Wealth Management LLC now owns 84 shares of the transportation company's stock worth $29,000 after acquiring an additional 47 shares during the last quarter. Huntington National Bank boosted its stake in Saia by 291.7% in the 4th quarter. Huntington National Bank now owns 94 shares of the transportation company's stock worth $43,000 after purchasing an additional 70 shares during the period. NBC Securities Inc. bought a new stake in shares of Saia during the 1st quarter worth $43,000. Finally, Blue Trust Inc. raised its position in Saia by 52.9% in the 2nd quarter. Blue Trust Inc. now owns 208 shares of the transportation company's stock worth $57,000 after purchasing an additional 72 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.

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