Saia (NASDAQ:SAIA) Price Target Lowered to $535.00 at Barclays

Saia (NASDAQ:SAIA) had its price target decreased by Barclays from $600.00 to $535.00 in a report released on Monday,Benzinga reports. Barclays currently has an overweight rating on the transportation company’s stock.

Other equities research analysts have also recently issued research reports about the company. Citigroup decreased their target price on Saia from $544.00 to $498.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. Raymond James reduced their price objective on Saia from $560.00 to $540.00 and set an “outperform” rating for the company in a research note on Tuesday, February 4th. Stifel Nicolaus raised Saia from a “hold” rating to a “buy” rating and set a $524.00 price objective for the company in a research note on Monday, February 24th. Susquehanna raised their price objective on Saia from $530.00 to $540.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Finally, Stephens reissued an “overweight” rating and issued a $600.00 price objective on shares of Saia in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $526.39.

Saia Price Performance

Shares of SAIA opened at $366.60 on Monday. Saia has a 1 year low of $358.90 and a 1 year high of $624.55. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.57 and a quick ratio of 1.26. The company has a market capitalization of $9.76 billion, a price-to-earnings ratio of 27.14, a price-to-earnings-growth ratio of 2.24 and a beta of 1.89. The business has a 50-day moving average of $461.82 and a 200-day moving average of $468.28.

Saia (NASDAQ:SAIA) last issued its quarterly earnings data 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 company had revenue of $789.00 million for the quarter, compared to the consensus estimate of $794.69 million. During the same quarter last year, the business earned $3.33 earnings per share. Saia’s revenue was up 5.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Saia will post 15.46 earnings per share for the current year.

Insiders Place Their Bets

In related news, CAO Kelly W. Benton sold 460 shares of Saia stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $500.00, for a total value of $230,000.00. Following the completion of the sale, the chief accounting officer now owns 4,287 shares of the company’s stock, valued at $2,143,500. The trade was a 9.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Matthew J. Batteh sold 700 shares of Saia stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $500.09, for a total value of $350,063.00. Following the completion of the sale, the chief financial officer now directly owns 3,326 shares of the company’s stock, 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. In the last quarter, insiders sold 9,493 shares of company stock valued at $4,646,181. Corporate insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On Saia

Several institutional investors and hedge funds have recently bought and sold shares of SAIA. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Saia in the fourth quarter worth about $4,493,000. Armis Advisers LLC purchased a new stake in shares of Saia in the fourth quarter worth about $340,000. Challenger Wealth Management purchased a new stake in shares of Saia in the fourth quarter worth about $228,000. Castlekeep Investment Advisors LLC purchased a new stake in shares of Saia in the fourth quarter worth about $2,908,000. Finally, Highview Capital Management LLC DE purchased a new stake in shares of Saia in the fourth quarter worth about $1,324,000.

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.