Saia (NASDAQ:SAIA) Price Target Cut to $473.00

Saia (NASDAQ:SAIA) had its price target decreased by stock analysts at TD Cowen from $528.00 to $473.00 in a research note issued to investors on Monday, Briefing.com reports. The brokerage currently has a “hold” rating on the transportation company’s stock. TD Cowen’s price target would indicate a potential upside of 10.31% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the stock. 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. Benchmark boosted their target price on Saia from $575.00 to $625.00 and gave the company a “buy” rating in a research note on Thursday, March 21st. The Goldman Sachs Group boosted their price target on shares of Saia from $504.00 to $567.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Stifel Nicolaus cut shares of Saia from a “buy” rating to a “hold” rating and increased their price target for the company from $484.00 to $526.00 in a research note on Tuesday, February 6th. Finally, JPMorgan Chase & Co. began coverage on shares of Saia in a research note on Monday, March 11th. They set an “overweight” rating and a $676.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Saia currently has a consensus rating of “Moderate Buy” and a consensus target price of $499.45.

Saia Stock Performance

NASDAQ SAIA opened at $428.81 on Monday. Saia has a 1-year low of $247.63 and a 1-year high of $628.34. The company has a 50 day moving average of $568.54 and a 200-day moving average of $479.85. The company has a current ratio of 1.23, a quick ratio of 2.01 and a debt-to-equity ratio of 0.04. The firm has a market cap of $11.40 billion, a price-to-earnings ratio of 31.07, a PEG ratio of 1.39 and a beta of 1.62.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Friday, April 26th. The transportation company reported $3.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.43 by ($0.05). The business had revenue of $754.80 million during the quarter, compared to the consensus estimate of $772.36 million. Saia had a net margin of 12.42% and a return on equity of 19.53%. The business’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.85 earnings per share. On average, equities analysts forecast that Saia will post 16.13 earnings per share for the current fiscal year.

Insider Activity at Saia

In other Saia news, VP Rohit Lal sold 2,870 shares of the firm’s stock in a transaction that occurred 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 transaction, the vice president now owns 8,482 shares in the company, valued at approximately $4,551,017.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, VP Rohit Lal sold 2,870 shares of Saia stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $536.55, for a total value of $1,539,898.50. Following the completion of the transaction, the vice president now directly owns 8,482 shares of the company’s stock, valued at approximately $4,551,017.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Frederick J. Holzgrefe III sold 7,500 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $533.46, for a total value of $4,000,950.00. Following the sale, the chief executive officer now owns 14,248 shares in the company, valued at approximately $7,600,738.08. The disclosure for this sale can be found here. Insiders have sold 27,699 shares of company stock worth $14,966,813 over the last ninety days. Insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SAIA. Contravisory Investment Management Inc. acquired a new stake in Saia in the 4th quarter valued at $26,000. Pineridge Advisors LLC bought a new position in Saia during the 4th quarter valued at $26,000. Rise Advisors LLC purchased a new position in Saia during the 1st quarter worth $40,000. Core Wealth Advisors Inc. bought a new stake in shares of Saia in the 4th quarter worth $32,000. Finally, GAMMA Investing LLC bought a new position in shares of Saia during the fourth quarter valued at 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.