Saia (NASDAQ:SAIA) Price Target Lowered to $410.00 at Susquehanna

Saia (NASDAQ:SAIA) had its target price lowered by Susquehanna from $540.00 to $410.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “neutral” rating on the transportation company’s stock. Susquehanna’s target price would suggest a potential upside of 15.57% from the stock’s previous close.

SAIA has been the topic of a number of other research reports. TD Cowen raised their target price on shares of Saia from $456.00 to $478.00 and gave the company a “hold” rating in a research note on Tuesday, February 4th. Bank of America cut their price objective on Saia from $565.00 to $484.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Wells Fargo & Company decreased their target price on Saia from $510.00 to $400.00 and set an “equal weight” rating for the company in a research report on Thursday, March 27th. JPMorgan Chase & Co. dropped their target price on Saia from $566.00 to $558.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. Finally, Stephens reissued an “overweight” rating and set a $600.00 price target on shares of Saia in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $513.06.

Saia Stock Performance

Shares of NASDAQ:SAIA opened at $354.77 on Monday. The business has a 50-day moving average of $425.94 and a two-hundred day moving average of $464.01. The firm has a market capitalization of $9.45 billion, a PE ratio of 26.26, a P/E/G ratio of 2.24 and a beta of 1.89. 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 12 month low of $342.68 and a 12 month high of $624.55.

Saia (NASDAQ:SAIA) last issued 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). Saia had a return on equity of 16.63% and a net margin of 11.28%. The firm had revenue of $789.00 million for the quarter, compared to analysts’ expectations of $794.69 million. During the same quarter in the previous year, the firm posted $3.33 EPS. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. As a group, research analysts forecast that Saia will post 15.46 earnings per share for the current year.

Insider Buying and Selling at Saia

In other news, EVP Patrick D. Sugar sold 799 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $493.74, for a total value of $394,498.26. Following the sale, the executive vice president now owns 8,629 shares in the company, valued at approximately $4,260,482.46. This represents a 8.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Matthew J. Batteh sold 700 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $500.09, for a total transaction of $350,063.00. Following the transaction, the chief financial officer now directly owns 3,326 shares in the company, valued at $1,663,299.34. The trade was a 17.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,493 shares of company stock worth $4,646,181 in the last ninety days. 0.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Saia

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