Raymond James Raises Saia (NASDAQ:SAIA) Price Target to $604.00

Saia (NASDAQ:SAIA - Get Free Report) had its target price boosted by research analysts at Raymond James from $565.00 to $604.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has an "outperform" rating on the transportation company's stock. Raymond James' price objective would indicate a potential upside of 4.68% from the company's current price.

Several other research firms also recently issued reports on SAIA. BMO Capital Markets boosted their price target on Saia from $450.00 to $515.00 and gave the company a "market perform" rating in a research note on Monday, February 5th. Bank of America boosted their target price on shares of Saia from $600.00 to $645.00 and gave the company a "buy" rating in a research report on Tuesday, March 5th. Wolfe Research downgraded shares of Saia from an "outperform" rating to a "peer perform" rating in a research note on Thursday. Stifel Nicolaus cut shares of Saia from a "buy" rating to a "hold" rating and lifted their price objective for the stock from $484.00 to $526.00 in a research note on Tuesday, February 6th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Saia in a research report on Monday, March 11th. They set an "overweight" rating and a $676.00 target price on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Saia has an average rating of "Moderate Buy" and a consensus price target of $500.84.

Saia Stock Performance

SAIA traded down $0.75 during trading hours on Monday, reaching $576.97. The company's stock had a trading volume of 254,851 shares, compared to its average volume of 278,288. The company's 50-day moving average is $572.64 and its 200-day moving average is $471.20. Saia has a 52 week low of $244.69 and a 52 week high of $628.34. The firm has a market cap of $15.34 billion, a PE ratio of 43.32, a price-to-earnings-growth ratio of 1.87 and a beta of 1.62.

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

Insider Buying and Selling

In other Saia news, Director Donna E. Epps sold 400 shares of the 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 completion of the transaction, the director now directly owns 1,583 shares in the company, valued at $894,616.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP Rohit Lal sold 2,870 shares of the company's stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $536.55, for a total value of $1,539,898.50. Following the sale, the vice president now directly owns 8,482 shares of the company's stock, valued at approximately $4,551,017.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Donna E. Epps sold 400 shares of Saia stock in a transaction on Friday, February 9th. The stock was sold at an average price of $565.14, for a total transaction of $226,056.00. Following the transaction, the director now directly owns 1,583 shares of the company's stock, valued at approximately $894,616.62. The disclosure for this sale can be found here. Insiders have sold 27,699 shares of company stock worth $14,966,813 in the last 90 days. Insiders own 0.30% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in SAIA. Vanguard Group Inc. raised its holdings in shares of Saia by 1.5% during the first quarter. Vanguard Group Inc. now owns 2,632,331 shares of the transportation company's stock valued at $641,815,000 after purchasing an additional 39,660 shares during the period. Capital International Investors grew its position in Saia by 10.2% in the 1st quarter. Capital International Investors now owns 1,583,500 shares of the transportation company's stock valued at $386,089,000 after purchasing an additional 146,262 shares during the period. Capital Research Global Investors raised its holdings in Saia by 129.8% during the fourth quarter. Capital Research Global Investors now owns 920,258 shares of the transportation company's stock worth $403,275,000 after buying an additional 519,819 shares during the last quarter. State Street Corp lifted its stake in shares of Saia by 4.1% in the first quarter. State Street Corp now owns 896,627 shares of the transportation company's stock valued at $218,616,000 after buying an additional 35,076 shares in the last quarter. Finally, Artisan Partners Limited Partnership lifted its stake in shares of Saia by 1.9% in the fourth quarter. Artisan Partners Limited Partnership now owns 817,411 shares of the transportation company's stock valued at $358,206,000 after buying an additional 15,317 shares in the last quarter.

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.