Raymond James Issues Pessimistic Forecast for Saia (NASDAQ:SAIA) Stock Price

Saia (NASDAQ:SAIA) had its price objective decreased by equities researchers at Raymond James from $560.00 to $540.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the transportation company’s stock. Raymond James’ price target indicates a potential upside of 7.35% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. Barclays dropped their target price on shares of Saia from $620.00 to $600.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Jefferies Financial Group boosted their target price on shares of Saia from $525.00 to $560.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. JPMorgan Chase & Co. dropped their target price on shares of Saia from $566.00 to $558.00 and set an “overweight” rating on the stock in a research report on Tuesday. The Goldman Sachs Group boosted their target price on shares of Saia from $492.00 to $563.00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th. Finally, Stephens boosted their target price on shares of Saia from $481.00 to $515.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $530.41.

Saia Trading Up 5.0 %

NASDAQ:SAIA opened at $503.01 on Tuesday. Saia has a 12 month low of $358.90 and a 12 month high of $628.34. The firm has a market cap of $13.38 billion, a price-to-earnings ratio of 35.93, a P/E/G ratio of 2.31 and a beta of 1.79. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.08. The company’s 50 day moving average is $493.78 and its 200-day moving average is $461.92.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Friday, February 7th. The transportation company reported $2.84 EPS for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.03). Saia had a net margin of 11.83% and a return on equity of 18.00%. The firm had revenue of $789.00 million during the quarter, compared to the consensus estimate of $794.69 million. During the same period in the prior year, the business earned $3.33 EPS. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. Equities analysts anticipate that Saia will post 13.47 EPS for the current year.

Insider Buying and Selling

In related news, EVP Rohit Lal sold 1,120 shares of the company’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available at the SEC website. 0.30% of the stock is owned by corporate insiders.

Institutional Trading of Saia

Several institutional investors and hedge funds have recently added to or reduced their stakes in SAIA. Sanctuary Advisors LLC bought a new stake in Saia during the 2nd quarter worth about $2,227,000. Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Saia by 920.7% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,450 shares of the transportation company’s stock valued at $1,636,000 after acquiring an additional 3,112 shares during the last quarter. Handelsbanken Fonder AB increased its stake in shares of Saia by 2.9% in the 3rd quarter. Handelsbanken Fonder AB now owns 7,058 shares of the transportation company’s stock valued at $3,086,000 after acquiring an additional 200 shares during the last quarter. Fulton Bank N.A. increased its stake in shares of Saia by 10.6% in the 3rd quarter. Fulton Bank N.A. now owns 1,588 shares of the transportation company’s stock valued at $694,000 after acquiring an additional 152 shares during the last quarter. Finally, Tobam bought a new stake in shares of Saia in the 3rd quarter valued at about $100,000.

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.