Barclays Boosts Saia (NASDAQ:SAIA) Price Target to $460.00

Posted by Defense World Staff on Aug 1st, 2023

Saia (NASDAQ:SAIA – Free Report) had its price target boosted by Barclays from $420.00 to $460.00 in a research report report published on Friday morning, Marketbeat.com reports. They currently have an overweight rating on the transportation company’s stock.

A number of other brokerages also recently weighed in on SAIA. Bank of America raised shares of Saia from a neutral rating to a buy rating and boosted their price objective for the company from $311.00 to $388.00 in a research report on Tuesday, June 27th. Credit Suisse Group boosted their price objective on shares of Saia from $292.00 to $317.00 in a research report on Monday, May 1st. Morgan Stanley boosted their price objective on shares of Saia from $235.00 to $237.00 in a research report on Thursday, July 6th. Evercore ISI raised shares of Saia from an in-line rating to an outperform rating in a research report on Tuesday, June 27th. Finally, Jefferies Financial Group began coverage on shares of Saia in a research report on Monday, June 12th. They set a buy rating and a $350.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Saia currently has a consensus rating of Hold and a consensus target price of $364.31.

Saia Price Performance

SAIA opened at $423.14 on Friday. The company has a 50-day moving average of $333.34 and a 200-day moving average of $294.53. The company has a market capitalization of $11.23 billion, a P/E ratio of 34.07, a PEG ratio of 5.75 and a beta of 1.53. Saia has a 1-year low of $176.70 and a 1-year high of $436.50. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.90 and a current ratio of 2.17.

Saia (NASDAQ:SAIA – Get Free Report) last released its earnings results on Friday, July 28th. The transportation company reported $3.42 earnings per share for the quarter, topping the consensus estimate of $3.25 by $0.17. The company had revenue of $694.62 million during the quarter, compared to the consensus estimate of $700.31 million. Saia had a net margin of 12.27% and a return on equity of 20.74%. Equities analysts expect that Saia will post 12.15 EPS for the current fiscal year.

Insider Buying and Selling at Saia

In other news, Director Richard D. Odell sold 2,500 shares of the firm’s stock in a transaction on Friday, May 5th. The stock was sold at an average price of $293.90, for a total transaction of $734,750.00. Following the completion of the sale, the director now directly owns 5,989 shares of the company’s stock, valued at approximately $1,760,167.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Richard D. Odell sold 2,500 shares of the firm’s stock in a transaction on Friday, May 5th. The stock was sold at an average price of $293.90, for a total transaction of $734,750.00. Following the completion of the sale, the director now directly owns 5,989 shares of the company’s stock, valued at approximately $1,760,167.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Donna E. Epps sold 240 shares of the firm’s stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $280.85, for a total value of $67,404.00. Following the sale, the director now directly owns 1,983 shares of the company’s stock, valued at $556,925.55. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Saia

Hedge funds and other institutional investors have recently modified their holdings of the business. Van ECK Associates Corp boosted its position in shares of Saia by 15.0% in the fourth quarter. Van ECK Associates Corp now owns 956 shares of the transportation company’s stock worth $200,000 after buying an additional 125 shares during the period. Alliance Wealth Advisors LLC UT boosted its position in shares of Saia by 6.1% in the first quarter. Alliance Wealth Advisors LLC UT now owns 1,277 shares of the transportation company’s stock worth $347,000 after buying an additional 73 shares during the period. Pacer Advisors Inc. raised its holdings in shares of Saia by 427.3% during the fourth quarter. Pacer Advisors Inc. now owns 5,088 shares of the transportation company’s stock worth $1,067,000 after acquiring an additional 4,123 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Saia by 197.4% during the fourth quarter. Quadrant Capital Group LLC now owns 464 shares of the transportation company’s stock worth $97,000 after acquiring an additional 308 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in shares of Saia by 80.3% during the first quarter. Signaturefd LLC now owns 110 shares of the transportation company’s stock worth $30,000 after acquiring an additional 49 shares in the last quarter.

Saia Company Profile

(Get Free Report)

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. As of December 31, 2022, it operated 191 owned and leased facilities; and owned approximately 6,200 tractors and 20,800 trailers.