Saia (NASDAQ:SAIA) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

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 - Free Report) had its price target boosted by JPMorgan Chase & Co. from $295.00 to $380.00 in a report released on Monday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the transportation company's stock.

Several other research analysts have also recently issued reports on the company. Raymond James Financial set a $310.00 target price on Saia and gave the stock an "outperform" rating in a research report on Monday, April 28th. Susquehanna raised their target price on Saia from $275.00 to $340.00 and gave the stock a "neutral" rating in a research report on Monday. Morgan Stanley set a $250.00 target price on Saia in a research report on Friday, April 25th. Citigroup reissued a "buy" rating and issued a $393.00 target price (up from $350.00) on shares of Saia in a research report on Monday. Finally, Evercore ISI raised their price objective on Saia from $297.00 to $345.00 and gave the stock an "outperform" rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $347.16.

Saia Stock Performance

Shares of Saia stock traded down $0.44 during trading on Monday, hitting $302.24. 486,587 shares of the company's stock traded hands, compared to its average volume of 665,535. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.49 and a quick ratio of 1.43. Saia has a 1 year low of $229.12 and a 1 year high of $624.55. The stock has a market capitalization of $8.05 billion, a P/E ratio of 27.91, a PEG ratio of 14.54 and a beta of 1.98. The business has a 50-day simple moving average of $279.61 and a 200-day simple moving average of $346.20.

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, beating the consensus estimate of $2.39 by $0.28. Saia had a return on equity of 12.42% and a net margin of 8.96%. The company had revenue of $817.12 million for the quarter, compared to analysts' expectations of $826.59 million. During the same period last year, the firm posted $3.83 earnings per share. Saia's revenue was down .7% compared to the same quarter last year. As a group, analysts forecast that Saia will post 15.46 EPS for the current year.

Institutional Trading of Saia

A number of large investors have recently added to or reduced their stakes in the company. MQS Management LLC bought a new stake in Saia in the 2nd quarter worth approximately $202,000. State of New Jersey Common Pension Fund D boosted its holdings in shares of Saia by 2.2% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 9,369 shares of the transportation company's stock worth $2,567,000 after purchasing an additional 198 shares during the period. AlphaQuest LLC purchased a new position in shares of Saia in the 2nd quarter worth approximately $41,000. Stephens Investment Management Group LLC boosted its holdings in shares of Saia by 4.3% in the 2nd quarter. Stephens Investment Management Group LLC now owns 113,791 shares of the transportation company's stock worth $31,178,000 after purchasing an additional 4,695 shares during the period. Finally, DekaBank Deutsche Girozentrale boosted its holdings in shares of Saia by 46.2% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 721 shares of the transportation company's stock worth $200,000 after purchasing an additional 228 shares during the period.

About Saia

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.