TD Cowen Forecasts Strong Price Appreciation for Saia (NASDAQ:SAIA) Stock

Saia (NASDAQ:SAIA) had its price target hoisted by TD Cowen from $283.00 to $326.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “hold” rating on the transportation company’s stock. TD Cowen’s price target indicates a potential downside of 11.16% from the company’s current price.

Several other research firms have also recently commented on SAIA. Susquehanna boosted their price target on shares of Saia from $350.00 to $390.00 and gave the stock a “positive” rating in a report on Monday, January 5th. Citigroup boosted their target price on shares of Saia from $365.00 to $431.00 and gave the stock a “buy” rating in a research note on Wednesday. Stifel Nicolaus raised their price target on Saia from $292.00 to $343.00 and gave the company a “hold” rating in a research note on Tuesday, December 16th. Rothschild & Co Redburn started coverage on Saia in a report on Wednesday, November 26th. They set a “neutral” rating and a $262.00 price target for the company. Finally, Wall Street Zen downgraded Saia from a “hold” rating to a “sell” rating in a report on Saturday, December 20th. Eleven investment analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $339.25.

Saia Price Performance

Shares of NASDAQ SAIA opened at $366.96 on Friday. The stock’s 50-day moving average is $310.97 and its two-hundred day moving average is $303.64. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.68 and a quick ratio of 1.68. Saia has a 1-year low of $229.12 and a 1-year high of $538.03. The company has a market cap of $9.78 billion, a price-to-earnings ratio of 34.65 and a beta of 2.09.

Saia (NASDAQ:SAIA) last announced its quarterly earnings data on Thursday, October 30th. The transportation company reported $2.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.53 by $0.28. Saia had a return on equity of 11.32% and a net margin of 8.77%.The business had revenue of $839.64 million during the quarter, compared to analysts’ expectations of $824.06 million. During the same quarter last year, the business posted $3.46 EPS. The business’s quarterly revenue was down .3% compared to the same quarter last year. Analysts forecast that Saia will post 15.46 EPS for the current fiscal year.

Insider Transactions at Saia

In related news, VP Raymond R. Ramu sold 1,000 shares of the company’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $266.57, for a total value of $266,570.00. Following the completion of the sale, the vice president directly owned 4,902 shares of the company’s stock, valued at $1,306,726.14. This represents a 16.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Donna E. Epps purchased 422 shares of the business’s stock in a transaction on Wednesday, November 26th. The shares were purchased at an average cost of $277.60 per share, for a total transaction of $117,147.20. Following the transaction, the director owned 1,852 shares of the company’s stock, valued at $514,115.20. This trade represents a 29.51% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.30% of the stock is owned by corporate insiders.

Institutional Trading of Saia

Several institutional investors and hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC raised its holdings in shares of Saia by 52.4% in the first quarter. AQR Capital Management LLC now owns 1,781 shares of the transportation company’s stock valued at $622,000 after buying an additional 612 shares during the last quarter. Jones Financial Companies Lllp increased its position in Saia by 334.3% in the 1st quarter. Jones Financial Companies Lllp now owns 873 shares of the transportation company’s stock valued at $305,000 after acquiring an additional 672 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Saia by 1.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 86,083 shares of the transportation company’s stock valued at $30,080,000 after acquiring an additional 1,600 shares during the last quarter. Intech Investment Management LLC lifted its position in Saia by 473.6% during the 1st quarter. Intech Investment Management LLC now owns 11,747 shares of the transportation company’s stock worth $4,105,000 after acquiring an additional 9,699 shares during the period. Finally, Mattson Financial Services LLC grew its stake in shares of Saia by 17.5% in the 1st quarter. Mattson Financial Services LLC now owns 382 shares of the transportation company’s stock valued at $133,000 after purchasing an additional 57 shares during the last quarter.

Saia Company Profile

Saia, Inc is a publicly traded transportation company specializing in less-than-truckload (LTL) freight services across North America. Headquartered in Johns Creek, Georgia, the company focuses on the efficient movement of time-sensitive freight for a diverse customer base that spans retail, manufacturing, automotive, and healthcare industries. By leveraging a network of terminals and service centers, Saia provides tailored solutions designed to optimize supply chain performance.

The company’s core offerings include regional, interregional, and national LTL shipping, supported by volumetric LTL and port intermodal services.