Analysts Set Saia, Inc. (NASDAQ:SAIA) Target Price at $484.79

Saia, Inc. (NASDAQ:SAIA - Get Free Report) has received an average rating of "Moderate Buy" from the seventeen ratings firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $484.79.

SAIA has been the topic of several research reports. UBS Group boosted their price objective on shares of Saia from $475.00 to $618.00 and gave the stock a "buy" rating in a report on Monday, February 5th. Susquehanna boosted their price objective on shares of Saia from $500.00 to $625.00 and gave the stock a "positive" rating in a report on Thursday, February 8th. Stifel Nicolaus downgraded shares of Saia from a "buy" rating to a "hold" rating and boosted their price objective for the stock from $484.00 to $526.00 in a report on Tuesday, February 6th. The Goldman Sachs Group boosted their price objective on shares of Saia from $398.00 to $446.00 and gave the stock a "neutral" rating in a report on Monday, February 5th. Finally, Benchmark boosted their price objective on shares of Saia from $575.00 to $625.00 and gave the stock a "buy" rating in a report on Thursday, March 21st.

Insiders Place Their Bets

In other Saia news, CEO Frederick J. Holzgrefe III sold 7,500 shares of the business's stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $533.46, for a total value of $4,000,950.00. Following the completion of the transaction, the chief executive officer now directly owns 14,248 shares of the company's stock, valued at $7,600,738.08. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Richard D. Odell sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $536.75, for a total transaction of $5,367,500.00. Following the completion of the sale, the director now directly owns 5,989 shares of the company's stock, valued at $3,214,595.75. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Frederick J. Holzgrefe III sold 7,500 shares of the company's stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $533.46, for a total transaction of $4,000,950.00. Following the completion of the sale, the chief executive officer now directly owns 14,248 shares of the company's stock, valued at approximately $7,600,738.08. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,699 shares of company stock valued at $14,966,813. Insiders own 0.30% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SAIA. Contravisory Investment Management Inc. acquired a new position in shares of Saia in the fourth quarter valued at approximately $26,000. Pineridge Advisors LLC acquired a new position in Saia during the fourth quarter worth $26,000. KB Financial Partners LLC acquired a new position in Saia during the first quarter worth $28,000. Core Wealth Advisors Inc. acquired a new position in Saia during the fourth quarter worth $32,000. Finally, GAMMA Investing LLC acquired a new position in Saia during the fourth quarter worth $43,000.

Saia Stock Performance

Shares of Saia stock traded up $4.54 during midday trading on Friday, reaching $585.00. 209,063 shares of the company's stock traded hands, compared to its average volume of 282,870. The company has a market cap of $15.56 billion, a price-to-earnings ratio of 44.08, a price-to-earnings-growth ratio of 1.89 and a beta of 1.62. The company's 50 day simple moving average is $548.78 and its 200 day simple moving average is $457.41. Saia has a 52 week low of $244.69 and a 52 week high of $628.34.

Saia (NASDAQ:SAIA - Get Free Report) last announced its earnings results on Friday, February 2nd. The transportation company reported $3.33 EPS for the quarter, topping the consensus estimate of $3.20 by $0.13. The firm had revenue of $751.10 million for the quarter, compared to the consensus estimate of $745.48 million. Saia had a net margin of 12.31% and a return on equity of 19.75%. The business's quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.65 EPS. As a group, equities research analysts predict that Saia will post 16.09 earnings per share for the current year.

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.