Saia (NASDAQ:SAIA) Price Target Lowered to $565.00 at Bank of America

Saia (NASDAQ:SAIA) had its price objective trimmed by Bank of America from $600.00 to $565.00 in a research report released on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the transportation company’s stock.

Several other analysts have also issued reports on SAIA. JPMorgan Chase & Co. lifted their target price on shares of Saia from $499.00 to $566.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Stifel Nicolaus boosted their price objective on Saia from $443.00 to $529.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Citigroup decreased their target price on Saia from $651.00 to $644.00 and set a “buy” rating on the stock in a research report on Wednesday, December 4th. BMO Capital Markets lifted their price target on Saia from $465.00 to $495.00 and gave the stock a “market perform” rating in a research note on Monday, October 28th. Finally, Susquehanna reissued a “neutral” rating and issued a $530.00 price objective (down from $565.00) on shares of Saia in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, Saia currently has a consensus rating of “Moderate Buy” and an average price target of $530.41.

Saia Price Performance

Shares of Saia stock opened at $479.27 on Tuesday. The firm has a market cap of $12.74 billion, a PE ratio of 34.23, a P/E/G ratio of 2.31 and a beta of 1.79. Saia has a twelve month low of $358.90 and a twelve month high of $628.34. 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 business has a 50-day moving average price of $495.01 and a 200 day moving average price of $461.63.

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

Insider Activity

In related news, EVP Rohit Lal sold 1,120 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $560.00, for a total value of $627,200.00. Following the sale, the executive vice president now directly owns 8,270 shares in the company, valued at approximately $4,631,200. The trade was a 11.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On Saia

Several hedge funds have recently bought and sold shares of SAIA. State Street Corp grew its stake in Saia by 3.1% during the 3rd quarter. State Street Corp now owns 805,597 shares of the transportation company’s stock worth $352,255,000 after purchasing an additional 24,351 shares in the last quarter. Wasatch Advisors LP lifted its stake in Saia by 10.2% in the third quarter. Wasatch Advisors LP now owns 692,405 shares of the transportation company’s stock worth $302,761,000 after acquiring an additional 64,351 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Saia by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 471,667 shares of the transportation company’s stock valued at $206,292,000 after purchasing an additional 6,456 shares during the last quarter. Westfield Capital Management Co. LP raised its holdings 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 in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Saia by 4.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 261,803 shares of the transportation company’s stock worth $116,670,000 after purchasing an additional 11,177 shares during the last quarter.

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.