BMO Capital Markets Cuts Saia (NASDAQ:SAIA) Price Target to $490.00

Saia (NASDAQ:SAIA) had its price target reduced by BMO Capital Markets from $575.00 to $490.00 in a research note published on Monday, Benzinga reports. They currently have a market perform rating on the transportation company’s stock.

Several other analysts also recently weighed in on the stock. Raymond James lifted their target price on shares of Saia from $565.00 to $604.00 and gave the company an outperform rating in a report on Monday, April 15th. JPMorgan Chase & Co. began coverage on shares of Saia in a report on Monday, March 11th. They issued an overweight rating and a $676.00 target price on the stock. UBS Group lifted their target price on shares of Saia from $475.00 to $618.00 and gave the company a buy rating in a report on Monday, February 5th. The Goldman Sachs Group lifted their target price on shares of Saia from $504.00 to $567.00 and gave the company a neutral rating in a report on Thursday, April 11th. Finally, Benchmark lifted their target price on shares of Saia from $575.00 to $625.00 and gave the company a buy rating in a report on Thursday, March 21st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Saia has a consensus rating of Hold and an average price target of $497.22.

Saia Trading Down 0.2 %

NASDAQ SAIA opened at $396.00 on Monday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.01 and a current ratio of 1.23. The firm has a market cap of $10.53 billion, a PE ratio of 28.70, a P/E/G ratio of 1.35 and a beta of 1.62. Saia has a one year low of $266.91 and a one year high of $628.34. The firm’s fifty day moving average is $560.37 and its two-hundred day moving average is $479.31.

Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Friday, April 26th. The transportation company reported $3.38 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 analyst estimates of $772.36 million. Saia had a net margin of 12.42% and a return on equity of 19.53%. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.85 earnings per share. Analysts expect that Saia will post 16.13 earnings per share for the current year.

Insider Buying and Selling at Saia

In other news, Director Donna E. Epps sold 400 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $565.14, for a total value of $226,056.00. Following the completion of the transaction, the director now owns 1,583 shares of the company’s stock, valued at $894,616.62. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director Donna E. Epps sold 400 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $565.14, for a total value of $226,056.00. Following the completion of the transaction, the director now owns 1,583 shares of the company’s stock, valued at $894,616.62. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Douglas L. Col sold 1,743 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $536.92, for a total transaction of $935,851.56. Following the completion of the transaction, the chief financial officer now directly owns 6,854 shares of the company’s stock, valued at approximately $3,680,049.68. The disclosure for this sale can be found here. Insiders have sold 27,699 shares of company stock valued at $14,966,813 over the last quarter. Corporate insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On Saia

Institutional investors and hedge funds have recently bought and sold shares of the stock. Contravisory Investment Management Inc. acquired a new position in Saia during the fourth quarter worth approximately $26,000. Pineridge Advisors LLC acquired a new position in Saia during the fourth quarter worth approximately $26,000. Rise Advisors LLC acquired a new position in Saia during the first quarter worth approximately $40,000. Core Wealth Advisors Inc. acquired a new position in Saia during the fourth quarter worth approximately $32,000. Finally, GAMMA Investing LLC purchased a new stake in Saia during the fourth quarter worth approximately $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.