Bank of America Boosts Saia (NASDAQ:SAIA) Price Target to $300.00

Saia (NASDAQ:SAIA) had its target price boosted by Bank of America from $251.00 to $300.00 in a research report sent to investors on Friday morning,Benzinga reports. The brokerage currently has a neutral rating on the transportation company’s stock.

A number of other brokerages have also recently issued reports on SAIA. Stifel Nicolaus set a $277.00 price target on shares of Saia in a research note on Monday, April 28th. Citigroup dropped their price target on shares of Saia from $498.00 to $435.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Stephens cut shares of Saia from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $515.00 to $255.00 in a research note on Tuesday, April 29th. Barclays cut shares of Saia from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, April 29th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Saia from a “buy” rating to a “hold” rating and set a $273.00 price target on the stock. in a research note on Thursday, May 1st. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $345.16.

Saia Stock Up 1.9%

NASDAQ:SAIA opened at $285.10 on Friday. The firm’s 50-day moving average price is $321.05 and its 200-day moving average price is $429.30. The company has a market capitalization of $7.59 billion, a PE ratio of 21.10, a P/E/G ratio of 2.24 and a beta of 2.03. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.57 and a quick ratio of 1.26. Saia has a 1-year low of $229.12 and a 1-year high of $624.55.

Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Friday, April 25th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.77 by ($0.91). The firm had revenue of $787.58 million during the quarter, compared to the consensus estimate of $806.18 million. Saia had a return on equity of 16.63% and a net margin of 11.28%. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.38 EPS. On average, equities analysts predict that Saia will post 15.46 EPS for the current fiscal year.

Insider Transactions at Saia

In other news, CAO Kelly W. Benton sold 460 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $500.00, for a total value of $230,000.00. Following the transaction, the chief accounting officer now owns 4,287 shares in the company, valued at $2,143,500. This represents a 9.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Matthew J. Batteh sold 700 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $500.09, for a total transaction of $350,063.00. Following the completion of the transaction, the chief financial officer now owns 3,326 shares in the company, valued at $1,663,299.34. This trade represents a 17.39% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.30% of the company’s stock.

Institutional Investors Weigh In On Saia

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its holdings in Saia by 3.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 744 shares of the transportation company’s stock worth $339,000 after acquiring an additional 26 shares in the last quarter. Core Wealth Advisors Inc. increased its holdings in Saia by 3.9% in the 4th quarter. Core Wealth Advisors Inc. now owns 700 shares of the transportation company’s stock worth $319,000 after acquiring an additional 26 shares in the last quarter. Arizona State Retirement System increased its holdings in Saia by 0.4% in the 4th quarter. Arizona State Retirement System now owns 7,685 shares of the transportation company’s stock worth $3,502,000 after acquiring an additional 29 shares in the last quarter. Heritage Family Offices LLP increased its holdings in Saia by 4.1% in the 1st quarter. Heritage Family Offices LLP now owns 741 shares of the transportation company’s stock worth $259,000 after acquiring an additional 29 shares in the last quarter. Finally, Avantax Advisory Services Inc. increased its holdings in Saia by 4.6% in the 4th quarter. Avantax Advisory Services Inc. now owns 678 shares of the transportation company’s stock worth $309,000 after acquiring an additional 30 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.