Saia (NASDAQ:SAIA) Price Target Raised to $295.00 at JPMorgan Chase & Co.

Saia (NASDAQ:SAIA - Get Free Report) had its price objective lifted by analysts at JPMorgan Chase & Co. from $285.00 to $295.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an "overweight" rating on the transportation company's stock. JPMorgan Chase & Co.'s price objective would suggest a potential downside of 2.21% from the stock's current price.

Other analysts have also issued research reports about the stock. Wells Fargo & Company lifted their target price on shares of Saia from $260.00 to $290.00 and gave the company an "equal weight" rating in a research report on Monday. The Goldman Sachs Group upgraded shares of Saia from a "neutral" rating to a "buy" rating and lifted their target price for the company from $387.00 to $410.00 in a research report on Monday, June 2nd. Raymond James Financial set a $310.00 target price on shares of Saia and gave the company an "outperform" rating in a research report on Monday, April 28th. Susquehanna decreased their price target on shares of Saia from $540.00 to $410.00 and set a "neutral" rating on the stock in a research note on Monday, March 31st. Finally, Stephens downgraded shares of Saia from an "overweight" rating to an "equal weight" rating and decreased their price target for the stock from $515.00 to $255.00 in a research note on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $336.95.

Saia Stock Performance

SAIA stock traded up $6.77 during midday trading on Tuesday, hitting $301.66. 409,328 shares of the stock traded hands, compared to its average volume of 528,030. The firm has a market cap of $8.03 billion, a P/E ratio of 25.16, a PEG ratio of 7.77 and a beta of 1.98. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.43 and a quick ratio of 1.43. The stock's fifty day simple moving average is $270.55 and its 200-day simple moving average is $362.30. Saia has a 1-year low of $229.12 and a 1-year high of $624.55.

Saia (NASDAQ:SAIA - Get Free Report) last announced its earnings results on Friday, April 25th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.77 by ($0.91). Saia had a net margin of 9.91% and a return on equity of 14.21%. The company had revenue of $787.58 million during the quarter, compared to analyst estimates of $806.18 million. During the same quarter last year, the business earned $3.38 EPS. The firm's revenue for the quarter was up 4.3% compared to the same quarter last year. On average, analysts expect that Saia will post 15.46 earnings per share for the current year.

Hedge Funds Weigh In On Saia

A number of institutional investors have recently bought and sold shares of SAIA. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Saia by 172.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company's stock valued at $28,000 after acquiring an additional 38 shares during the period. Atala Financial Inc purchased a new stake in shares of Saia in the 4th quarter valued at approximately $36,000. Golden State Wealth Management LLC raised its stake in shares of Saia by 127.0% in the 1st quarter. Golden State Wealth Management LLC now owns 84 shares of the transportation company's stock valued at $29,000 after acquiring an additional 47 shares during the period. Huntington National Bank raised its stake in shares of Saia by 291.7% in the 4th quarter. Huntington National Bank now owns 94 shares of the transportation company's stock valued at $43,000 after acquiring an additional 70 shares during the period. Finally, Tortoise Investment Management LLC raised its stake in shares of Saia by 76.6% in the 4th quarter. Tortoise Investment Management LLC now owns 113 shares of the transportation company's stock valued at $51,000 after acquiring an additional 49 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.