Saia (NASDAQ:SAIA) Price Target Cut to $520.00 by Analysts at Raymond James

Saia (NASDAQ:SAIA) had its target price cut by Raymond James from $540.00 to $520.00 in a research report sent to investors on Monday morning, Benzinga reports. They currently have an outperform rating on the transportation company’s stock.

Several other equities analysts have also recently commented on the company. UBS Group reduced their target price on Saia from $618.00 to $541.00 and set a buy rating for the company in a research report on Monday, April 29th. The Goldman Sachs Group boosted their target price on Saia from $504.00 to $567.00 and gave the stock a neutral rating in a research report on Thursday, April 11th. Wolfe Research cut Saia from an outperform rating to a peer perform rating in a research report on Thursday, April 11th. JPMorgan Chase & Co. reduced their target price on Saia from $676.00 to $580.00 and set an overweight rating for the company in a research report on Monday, April 29th. Finally, Benchmark boosted their target price on Saia from $575.00 to $625.00 and gave the stock a buy rating in a research report on Thursday, March 21st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Saia presently has a consensus rating of Hold and an average price target of $498.00.

Saia Stock Performance

NASDAQ:SAIA opened at $458.70 on Monday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.23 and a current ratio of 1.23. Saia has a 52-week low of $331.23 and a 52-week high of $628.34. The firm has a market cap of $12.20 billion, a price-to-earnings ratio of 33.24, a PEG ratio of 1.67 and a beta of 1.70. The business’s fifty day moving average is $433.70 and its 200 day moving average is $486.91.

Saia (NASDAQ:SAIA) last released its quarterly earnings data on Friday, April 26th. The transportation company reported $3.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.43 by ($0.05). Saia had a net margin of 12.42% and a return on equity of 19.53%. The company had revenue of $754.80 million for the quarter, compared to the consensus estimate of $772.36 million. During the same quarter in the previous year, the firm posted $2.85 earnings per share. The business’s revenue for the quarter was up 14.3% compared to the same quarter last year. Research analysts predict that Saia will post 15.31 EPS for the current year.

Insider Activity at Saia

In related news, Director John P. Gainor, Jr. bought 500 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The stock was bought at an average cost of $407.00 per share, for a total transaction of $203,500.00. Following the acquisition, the director now directly owns 900 shares of the company’s stock, valued at approximately $366,300. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SAIA. Kestra Advisory Services LLC raised its position in Saia by 26.4% during the 3rd quarter. Kestra Advisory Services LLC now owns 1,379 shares of the transportation company’s stock valued at $550,000 after purchasing an additional 288 shares during the last quarter. Hsbc Holdings PLC raised its position in Saia by 9.1% during the 3rd quarter. Hsbc Holdings PLC now owns 12,377 shares of the transportation company’s stock valued at $4,976,000 after purchasing an additional 1,030 shares during the last quarter. Acadian Asset Management LLC bought a new position in Saia during the 3rd quarter valued at approximately $1,221,000. Mariner LLC raised its position in Saia by 7.9% during the 3rd quarter. Mariner LLC now owns 1,580 shares of the transportation company’s stock valued at $630,000 after purchasing an additional 116 shares during the last quarter. Finally, Stifel Financial Corp raised its position in Saia by 7.7% during the 3rd quarter. Stifel Financial Corp now owns 36,201 shares of the transportation company’s stock valued at $14,432,000 after purchasing an additional 2,580 shares during 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.