Saia (NASDAQ:SAIA) Price Target Cut to $484.00

Saia (NASDAQ:SAIA) had its price objective lowered by Bank of America from $645.00 to $484.00 in a research report released on Monday, Benzinga reports. The firm currently has a buy rating on the transportation company’s stock.

SAIA has been the subject of several other research reports. BMO Capital Markets lowered their target price on shares of Saia from $575.00 to $490.00 and set a market perform rating for the company in a research note on Monday. TD Cowen lowered their target price on shares of Saia from $528.00 to $473.00 and set a hold rating for the company in a research note on Monday. Stifel Nicolaus downgraded shares of Saia from a buy rating to a hold rating and upped their target price for the company from $484.00 to $526.00 in a research note on Tuesday, February 6th. Susquehanna upped their target price on shares of Saia from $500.00 to $625.00 and gave the company a positive rating in a research note on Thursday, February 8th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Saia in a research note on Monday, March 11th. They issued an overweight rating and a $676.00 target price for the company. Two analysts have rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $497.22.

Saia Trading Up 2.5 %

Shares of NASDAQ SAIA opened at $405.95 on Monday. The company’s 50 day simple moving average is $557.30 and its 200 day simple moving average is $478.80. Saia has a fifty-two week low of $266.91 and a fifty-two week high of $628.34. The firm has a market capitalization of $10.79 billion, a P/E ratio of 29.42, a P/E/G ratio of 1.25 and a beta of 1.71. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.23 and a quick ratio of 2.01.

Saia (NASDAQ:SAIA) last announced its quarterly earnings data on Friday, April 26th. The transportation company reported $3.38 earnings per share for the quarter, missing the consensus estimate of $3.43 by ($0.05). Saia had a net margin of 12.42% and a return on equity of 19.53%. The business had revenue of $754.80 million during the quarter, compared to analyst estimates of $772.36 million. During the same quarter in the prior year, the company earned $2.85 earnings per share. The company’s quarterly revenue was up 14.3% on a year-over-year basis. On average, analysts predict that Saia will post 15.38 EPS for the current year.

Insider Activity at Saia

In related news, VP Raymond R. Ramu sold 1,943 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $565.83, for a total value of $1,099,407.69. Following the completion of the transaction, the vice president now owns 4,447 shares of the company’s stock, valued at $2,516,246.01. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Saia news, VP Raymond R. Ramu sold 1,943 shares of the stock in a transaction on Friday, February 9th. The shares were sold at an average price of $565.83, for a total value of $1,099,407.69. Following the completion of the sale, the vice president now owns 4,447 shares in the company, valued at $2,516,246.01. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Rohit Lal sold 2,870 shares of the stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $536.55, for a total transaction of $1,539,898.50. Following the completion of the sale, the vice president now owns 8,482 shares of the company’s stock, valued at approximately $4,551,017.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,699 shares of company stock valued at $14,966,813. Corporate insiders own 0.30% of the company’s stock.

Institutional Trading of Saia

A number of large investors have recently added to or reduced their stakes in SAIA. Contravisory Investment Management Inc. acquired a new stake in Saia in the fourth quarter valued at $26,000. Pineridge Advisors LLC acquired a new stake in shares of Saia during the 4th quarter worth about $26,000. Core Wealth Advisors Inc. acquired a new stake in shares of Saia during the 4th quarter worth about $32,000. Rise Advisors LLC acquired a new stake in shares of Saia during the 1st quarter worth about $40,000. Finally, GAMMA Investing LLC acquired a new stake in shares of Saia during the 4th quarter worth about $43,000.

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.