Citigroup Lowers Saia (NASDAQ:SAIA) Price Target to $644.00

Saia (NASDAQ:SAIA) had its target price cut by research analysts at Citigroup from $651.00 to $644.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the transportation company’s stock. Citigroup’s target price points to a potential upside of 24.61% from the stock’s previous close.

A number of other equities analysts have also commented on SAIA. JPMorgan Chase & Co. raised their price objective on shares of Saia from $479.00 to $481.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. Jefferies Financial Group upped their price target on Saia from $480.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Stifel Nicolaus lowered Saia from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $440.00 to $437.00 in a research report on Monday, October 21st. Evercore ISI dropped their target price on Saia from $503.00 to $488.00 and set an “outperform” rating on the stock in a report on Thursday, October 3rd. Finally, Wolfe Research raised shares of Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 price target for the company in a research report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat, Saia has a consensus rating of “Moderate Buy” and an average target price of $505.59.

Saia Price Performance

Shares of NASDAQ:SAIA opened at $516.83 on Wednesday. The stock’s 50 day moving average price is $492.23 and its 200 day moving average price is $449.24. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a market cap of $13.74 billion, a price-to-earnings ratio of 36.92, a PEG ratio of 3.02 and a beta of 1.74. Saia has a 12 month low of $358.90 and a 12 month high of $628.34.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Friday, October 25th. The transportation company reported $3.46 earnings per share for the quarter, missing analysts’ consensus estimates of $3.53 by ($0.07). The business had revenue of $842.10 million during the quarter, compared to analyst estimates of $839.82 million. Saia had a net margin of 11.83% and a return on equity of 18.00%. Saia’s revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company posted $3.67 earnings per share. Equities research analysts anticipate that Saia will post 13.54 earnings per share for the current fiscal year.

Insider Transactions at Saia

In other Saia news, EVP Rohit Lal sold 1,120 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $560.00, for a total transaction of $627,200.00. Following the transaction, the executive vice president now owns 8,270 shares in the company, valued at $4,631,200. This represents a 11.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Saia

Institutional investors have recently modified their holdings of the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new stake in shares of Saia during the 3rd quarter worth approximately $22,979,000. Gateway Investment Advisers LLC acquired a new stake in shares of Saia in the 2nd quarter valued at $3,012,000. Westfield Capital Management Co. LP increased its stake in shares of Saia by 11.8% in the 3rd quarter. Westfield Capital Management Co. LP now owns 303,582 shares of the transportation company’s stock valued at $132,744,000 after purchasing an additional 31,991 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Saia during the 3rd quarter worth $7,058,000. Finally, Wolverine Asset Management LLC bought a new stake in shares of Saia during the 3rd quarter worth $437,000.

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.