Saia (NASDAQ:SAIA) Price Target Cut to $410.00 by Analysts at Susquehanna

Saia (NASDAQ:SAIA) had its price objective lowered by Susquehanna from $540.00 to $410.00 in a report published on Monday morning,Benzinga reports. The brokerage currently has a neutral rating on the transportation company’s stock.

Several other brokerages also recently weighed in on SAIA. Wells Fargo & Company lowered their price target on Saia from $510.00 to $400.00 and set an “equal weight” rating for the company in a report on Thursday, March 27th. Citigroup dropped their target price on shares of Saia from $544.00 to $498.00 and set a “buy” rating on the stock in a research report on Tuesday, March 4th. Cowen reaffirmed a “hold” rating on shares of Saia in a report on Tuesday, February 4th. Stifel Nicolaus upgraded shares of 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. Finally, JPMorgan Chase & Co. cut their target price on Saia from $566.00 to $558.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. One equities research 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’s stock. According to MarketBeat.com, Saia has a consensus rating of “Moderate Buy” and an average target price of $513.06.

Saia Trading Down 2.7 %

NASDAQ SAIA opened at $349.43 on Monday. Saia has a 52 week low of $342.68 and a 52 week high of $624.55. The company has a 50 day moving average price of $428.96 and a 200 day moving average price of $464.56. The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 0.08. The firm has a market cap of $9.30 billion, a PE ratio of 25.86, a price-to-earnings-growth ratio of 2.24 and a beta of 1.89.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Friday, February 7th. The transportation company reported $2.84 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $794.69 million. During the same period in the prior year, the firm posted $3.33 earnings per share. Saia’s revenue for the quarter was up 5.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Saia will post 15.46 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Matthew J. Batteh sold 700 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $1,663,299.34. The trade was a 17.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $487.34, for a total value of $3,671,619.56. Following the transaction, the chief executive officer now directly owns 17,645 shares of the company’s stock, valued at approximately $8,599,114.30. The trade was a 29.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,493 shares of company stock valued at $4,646,181. Corporate insiders own 0.30% of the company’s stock.

Institutional Investors Weigh In On Saia

A number of institutional investors have recently added to or reduced their stakes in the stock. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Saia during the fourth quarter valued at $4,493,000. Armis Advisers LLC acquired a new position in shares of Saia during the 4th quarter worth about $340,000. Challenger Wealth Management purchased a new position in Saia in the 4th quarter valued at about $228,000. Castlekeep Investment Advisors LLC acquired a new stake in Saia in the 4th quarter worth about $2,908,000. Finally, Highview Capital Management LLC DE purchased a new stake in Saia during the 4th quarter worth approximately $1,324,000.

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.