Saia (NASDAQ:SAIA) Price Target Raised to $135.00 at Raymond James
Saia (NASDAQ:SAIA) had its price target increased by equities researchers at Raymond James from $115.00 to $135.00 in a research report issued on Thursday, BenzingaRatingsTable reports. The firm currently has an “outperform” rating on the transportation company’s stock. Raymond James’ price target points to a potential upside of 13.02% from the company’s previous close.
SAIA has been the topic of a number of other research reports. Cowen restated a “hold” rating and issued a $99.00 target price on shares of Saia in a report on Wednesday, April 29th. SunTrust Banks upped their target price on shares of Saia from $112.00 to $142.00 and gave the stock a “buy” rating in a report on Friday, July 17th. Deutsche Bank upped their target price on shares of Saia from $133.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday. BidaskClub upgraded shares of Saia from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 9th. Finally, BofA Securities initiated coverage on shares of Saia in a report on Tuesday. They issued a “neutral” rating and a $135.00 target price on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $108.57.
Shares of NASDAQ SAIA traded down $1.21 during trading on Thursday, hitting $119.45. 268,020 shares of the company traded hands, compared to its average volume of 264,332. The business’s fifty day moving average is $117.01 and its 200 day moving average is $96.54. Saia has a fifty-two week low of $61.46 and a fifty-two week high of $132.62. The firm has a market capitalization of $3.15 billion, a price-to-earnings ratio of 28.51, a P/E/G ratio of 2.37 and a beta of 1.11. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.23 and a current ratio of 1.09.
In other news, CFO Douglas L. Col sold 1,000 shares of the stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $111.75, for a total transaction of $111,750.00. Following the completion of the transaction, the chief financial officer now directly owns 5,227 shares of the company’s stock, valued at approximately $584,117.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard D. Odell sold 9,749 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $103.24, for a total transaction of $1,006,486.76. Following the transaction, the director now directly owns 32,155 shares of the company’s stock, valued at $3,319,682.20. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. IndexIQ Advisors LLC bought a new position in Saia in the 1st quarter worth approximately $185,000. State of Tennessee Treasury Department boosted its holdings in Saia by 41.9% in the 1st quarter. State of Tennessee Treasury Department now owns 13,824 shares of the transportation company’s stock worth $1,017,000 after buying an additional 4,080 shares during the period. Wellington Management Group LLP boosted its holdings in Saia by 24.4% in the 1st quarter. Wellington Management Group LLP now owns 922,020 shares of the transportation company’s stock worth $67,805,000 after buying an additional 180,566 shares during the period. State Street Corp boosted its holdings in Saia by 7.1% in the 1st quarter. State Street Corp now owns 826,561 shares of the transportation company’s stock worth $60,785,000 after buying an additional 54,894 shares during the period. Finally, Norges Bank bought a new position in Saia in the 4th quarter worth approximately $29,740,000.
Saia Company Profile
Saia, Inc, through its subsidiaries, operates as a transportation company in North America. The company provides regional and interregional 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.
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