Saia (NASDAQ:SAIA) Price Target Cut to $455.00 by Analysts at Raymond James

Saia (NASDAQ:SAIA) had its price objective cut by Raymond James from $540.00 to $455.00 in a research note released on Tuesday morning,Benzinga reports. They currently have an outperform rating on the transportation company’s stock.

A number of other equities research analysts have also issued reports on the company. Stifel Nicolaus upgraded Saia from a “hold” rating to a “buy” rating and set a $524.00 target price on the stock in a report on Monday, February 24th. BMO Capital Markets upgraded Saia from a “market perform” rating to an “outperform” rating and set a $455.00 price objective for the company in a research report on Monday. Jefferies Financial Group upped their target price on shares of Saia from $525.00 to $560.00 and gave the company a “buy” rating in a report on Friday, January 10th. Stephens reiterated an “overweight” rating and set a $600.00 price target on shares of Saia in a report on Thursday, February 6th. Finally, Bank of America reduced their price objective on shares of Saia from $565.00 to $484.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Saia presently has an average rating of “Moderate Buy” and a consensus target price of $492.67.

Saia Stock Down 0.7 %

Saia stock opened at $323.07 on Tuesday. The firm has a market capitalization of $8.60 billion, a price-to-earnings ratio of 23.91, a price-to-earnings-growth ratio of 2.24 and a beta of 1.99. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57. Saia has a fifty-two week low of $287.50 and a fifty-two week high of $624.55. The stock’s fifty day moving average is $406.26 and its two-hundred day moving average is $459.21.

Saia (NASDAQ:SAIA) last posted its earnings results on Friday, February 7th. The transportation company reported $2.84 earnings per share for the quarter, missing the consensus estimate of $2.87 by ($0.03). Saia had a net margin of 11.28% and a return on equity of 16.63%. The business had revenue of $789.00 million for the quarter, compared to analysts’ expectations of $794.69 million. During the same quarter last year, the business posted $3.33 earnings per share. The business’s revenue was up 5.0% compared to the same quarter last year. Analysts predict that Saia will post 15.46 EPS for the current fiscal year.

Insider Activity at Saia

In other Saia news, CEO Frederick J. Holzgrefe III sold 7,534 shares of Saia stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $487.34, for a total transaction of $3,671,619.56. Following the transaction, the chief executive officer now directly owns 17,645 shares of the company’s stock, valued at $8,599,114.30. The trade was a 29.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Patrick D. Sugar sold 799 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $493.74, for a total transaction of $394,498.26. Following the completion of the sale, the executive vice president now directly owns 8,629 shares of the company’s stock, valued at $4,260,482.46. The trade was a 8.47 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,493 shares of company stock worth $4,646,181. 0.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Quantinno Capital Management LP raised its holdings in shares of Saia by 66.7% during the 3rd quarter. Quantinno Capital Management LP now owns 827 shares of the transportation company’s stock valued at $362,000 after buying an additional 331 shares during the period. State Street Corp grew its position in Saia by 3.1% in the third quarter. State Street Corp now owns 805,597 shares of the transportation company’s stock valued at $352,255,000 after acquiring an additional 24,351 shares in the last quarter. Orion Portfolio Solutions LLC raised its stake in shares of Saia by 31.2% during the third quarter. Orion Portfolio Solutions LLC now owns 2,231 shares of the transportation company’s stock valued at $976,000 after purchasing an additional 530 shares during the period. MML Investors Services LLC boosted its stake in shares of Saia by 89.8% in the third quarter. MML Investors Services LLC now owns 4,313 shares of the transportation company’s stock valued at $1,886,000 after purchasing an additional 2,041 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Saia by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 471,667 shares of the transportation company’s stock valued at $206,292,000 after purchasing an additional 6,456 shares in the last quarter.

Saia Company Profile

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.