The Goldman Sachs Group Boosts Saia (NASDAQ:SAIA) Price Target to $567.00

Saia (NASDAQ:SAIA - Get Free Report) had its target price upped by research analysts at The Goldman Sachs Group from $504.00 to $567.00 in a report issued on Thursday, Benzinga reports. The firm currently has a "neutral" rating on the transportation company's stock. The Goldman Sachs Group's price objective suggests a potential downside of 3.56% from the company's current price.

Several other analysts have also issued reports on SAIA. UBS Group increased their price objective on Saia from $475.00 to $618.00 and gave the stock a "buy" rating in a report on Monday, February 5th. JPMorgan Chase & Co. initiated coverage on Saia in a report on Monday, March 11th. They set an "overweight" rating and a $676.00 price objective for the company. BMO Capital Markets increased their price objective on Saia from $450.00 to $515.00 and gave the stock a "market perform" rating in a report on Monday, February 5th. Benchmark raised their target price on Saia from $575.00 to $625.00 and gave the company a "buy" rating in a report on Thursday, March 21st. Finally, Bank of America raised their target price on Saia from $600.00 to $645.00 and gave the company a "buy" rating in a report on Tuesday, March 5th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $491.16.

Saia Stock Performance

Shares of NASDAQ:SAIA traded up $6.91 during midday trading on Thursday, hitting $587.91. 216,351 shares of the stock were exchanged, compared to its average volume of 279,211. Saia has a 52-week low of $244.69 and a 52-week high of $628.34. The business's fifty day simple moving average is $571.77 and its two-hundred day simple moving average is $468.80. The company has a market capitalization of $15.63 billion, a PE ratio of 44.30, a P/E/G ratio of 1.94 and a beta of 1.62.

Saia (NASDAQ:SAIA - Get Free Report) last announced its quarterly earnings data on Friday, February 2nd. The transportation company reported $3.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.20 by $0.13. Saia had a return on equity of 19.75% and a net margin of 12.31%. The business had revenue of $751.10 million during the quarter, compared to analyst estimates of $745.48 million. During the same period last year, the company earned $2.65 earnings per share. Saia's quarterly revenue was up 14.5% compared to the same quarter last year. As a group, equities analysts anticipate that Saia will post 16.12 EPS for the current year.

Insider Activity

In related news, Director Donna E. Epps sold 400 shares of Saia stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $565.14, for a total transaction of $226,056.00. Following the sale, the director now directly owns 1,583 shares of the company's stock, valued at $894,616.62. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CFO Douglas L. Col sold 1,743 shares of Saia stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $536.92, for a total transaction of $935,851.56. Following the sale, the chief financial officer now directly owns 6,854 shares of the company's stock, valued at $3,680,049.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Donna E. Epps sold 400 shares of Saia stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $565.14, for a total value of $226,056.00. Following the sale, the director now directly owns 1,583 shares in the company, valued at $894,616.62. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,699 shares of company stock valued at $14,966,813. 0.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Saia

A number of institutional investors have recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. bought a new position in Saia during the fourth quarter worth about $26,000. Pineridge Advisors LLC bought a new position in Saia during the fourth quarter worth about $26,000. Rise Advisors LLC bought a new position in Saia during the first quarter worth about $40,000. Core Wealth Advisors Inc. bought a new position in Saia during the fourth quarter worth about $32,000. Finally, GAMMA Investing LLC bought a new position in Saia during the fourth quarter worth about $43,000.

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.