Saia (NASDAQ:SAIA) Given New $484.00 Price Target at Bank of America

Saia (NASDAQ:SAIA) had its price objective cut by Bank of America from $645.00 to $484.00 in a research note released on Monday morning, Benzinga reports. They currently have a buy rating on the transportation company’s stock.

A number of other equities research analysts have also issued reports on the company. BMO Capital Markets reduced their target price on Saia from $575.00 to $490.00 and set a market perform rating on the stock in a research note on Monday. Stifel Nicolaus lowered Saia from a buy rating to a hold rating and increased their price objective for the company from $484.00 to $526.00 in a research note on Tuesday, February 6th. Raymond James lifted their price objective on Saia from $565.00 to $604.00 and gave the stock an outperform rating in a research report on Monday, April 15th. UBS Group raised their price target on shares of Saia from $475.00 to $618.00 and gave the stock a buy rating in a research note on Monday, February 5th. Finally, Susquehanna upped their price objective 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. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Hold and an average price target of $481.50.

Saia Stock Performance

Shares of SAIA stock opened at $416.10 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 stock has a market cap of $11.06 billion, a PE ratio of 30.15, a P/E/G ratio of 1.39 and a beta of 1.62. Saia has a 1 year low of $266.91 and a 1 year high of $628.34. The stock has a fifty day moving average price of $566.04 and a 200 day moving average price of $479.86.

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

Insider Buying and Selling

In other Saia news, CFO Douglas L. Col sold 1,812 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $557.75, for a total transaction of $1,010,643.00. Following the completion of the sale, the chief financial officer now directly owns 5,623 shares in the company, valued at $3,136,228.25. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Donna E. Epps sold 400 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $565.14, for a total value of $226,056.00. Following the transaction, the director now owns 1,583 shares in the company, valued at $894,616.62. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Douglas L. Col sold 1,812 shares of the stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $557.75, for a total value of $1,010,643.00. Following the completion of the transaction, the chief financial officer now directly owns 5,623 shares of the company’s stock, valued at approximately $3,136,228.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,699 shares of company stock valued at $14,966,813. 0.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Saia

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