Citigroup Lowers Saia (NASDAQ:SAIA) Price Target to $498.00

Saia (NASDAQ:SAIA) had its price objective lowered by investment analysts at Citigroup from $544.00 to $498.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the transportation company’s stock. Citigroup’s price objective indicates a potential upside of 26.02% from the company’s current price.

Several other analysts have also recently weighed in on SAIA. Jefferies Financial Group lifted their price objective on shares of Saia from $525.00 to $560.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Raymond James cut their price target on Saia from $560.00 to $540.00 and set an “outperform” rating for the company in a research note on Tuesday, February 4th. JPMorgan Chase & Co. reduced their price target on Saia from $566.00 to $558.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. The Goldman Sachs Group lifted their price objective on Saia from $492.00 to $563.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. Finally, Wells Fargo & Company reduced their target price on Saia from $550.00 to $510.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, Saia has an average rating of “Moderate Buy” and a consensus target price of $527.65.

Saia Price Performance

Shares of NASDAQ SAIA opened at $395.19 on Tuesday. The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 0.08. The business’s 50 day moving average price is $467.30 and its two-hundred day moving average price is $468.40. The company has a market cap of $10.52 billion, a PE ratio of 29.25, a price-to-earnings-growth ratio of 2.24 and a beta of 1.79. Saia has a twelve month low of $358.90 and a twelve month high of $628.34.

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

Insider Buying and Selling

In other news, CAO Kelly W. Benton sold 460 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $500.00, for a total transaction of $230,000.00. Following the completion of the sale, the chief accounting officer now directly owns 4,287 shares in the company, valued at $2,143,500. This represents a 9.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Patrick D. Sugar sold 799 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $493.74, for a total transaction of $394,498.26. Following the completion of the transaction, the executive vice president now owns 8,629 shares in the company, valued at approximately $4,260,482.46. The trade was a 8.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,493 shares of company stock valued at $4,646,181 over the last ninety days. 0.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Kestra Investment Management LLC acquired a new stake in Saia during the fourth quarter worth approximately $25,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Saia by 172.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company’s stock worth $28,000 after buying an additional 38 shares during the period. Atala Financial Inc bought a new stake in shares of Saia in the 4th quarter valued at $36,000. Huntington National Bank lifted its position in shares of Saia by 291.7% during the 4th quarter. Huntington National Bank now owns 94 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 70 shares during the period. Finally, Tortoise Investment Management LLC boosted its stake in Saia by 76.6% during the fourth quarter. Tortoise Investment Management LLC now owns 113 shares of the transportation company’s stock worth $51,000 after acquiring an additional 49 shares in the last quarter.

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.