Saia (NASDAQ:SAIA) Price Target Lowered to $550.00 at Susquehanna

Saia (NASDAQ:SAIA) had its target price reduced by Susquehanna from $610.00 to $550.00 in a report published on Wednesday, Benzinga reports. They currently have a positive rating on the transportation company’s stock.

Other research analysts have also issued reports about the stock. TD Cowen raised their price objective on shares of Saia from $473.00 to $475.00 and gave the stock a hold rating in a report on Thursday, June 6th. Wells Fargo & Company initiated coverage on shares of Saia in a report on Friday, June 7th. They set an equal weight rating and a $445.00 price objective for the company. Raymond James raised their price objective on shares of Saia from $565.00 to $604.00 and gave the stock an outperform rating in a report on Monday, April 15th. UBS Group decreased their price objective on shares of Saia from $618.00 to $541.00 and set a buy rating for the company in a report on Monday, April 29th. Finally, Wolfe Research lowered shares of Saia from an outperform rating to a peer perform rating in a report on Thursday, April 11th. Two analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Saia currently has an average rating of Hold and an average target price of $496.82.

Saia Stock Performance

Saia stock opened at $462.01 on Wednesday. Saia has a 12-month low of $302.35 and a 12-month high of $628.34. The company has a market capitalization of $12.28 billion, a price-to-earnings ratio of 33.48, a price-to-earnings-growth ratio of 1.61 and a beta of 1.70. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.23 and a quick ratio of 1.23. The firm’s fifty day moving average price is $458.82 and its 200 day moving average price is $483.23.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Friday, April 26th. The transportation company reported $3.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.43 by ($0.05). Saia had a return on equity of 19.53% and a net margin of 12.42%. The firm had revenue of $754.80 million for the quarter, compared to analysts’ expectations of $772.36 million. During the same period last year, the firm earned $2.85 EPS. The business’s quarterly revenue was up 14.3% on a year-over-year basis. On average, research analysts forecast that Saia will post 15.24 EPS for the current fiscal year.

Insider Buying and Selling at Saia

In related news, Director John P. Gainor, Jr. purchased 500 shares of the company’s stock in a transaction on Thursday, May 2nd. The shares were bought at an average cost of $407.00 per share, for a total transaction of $203,500.00. Following the transaction, the director now owns 900 shares of the company’s stock, valued at $366,300. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.30% of the stock is currently owned by company insiders.

Institutional Trading of Saia

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC raised its position in shares of Saia by 3.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 723 shares of the transportation company’s stock worth $423,000 after buying an additional 27 shares in the last quarter. Cetera Advisors LLC bought a new stake in shares of Saia during the 1st quarter worth about $311,000. LRI Investments LLC bought a new stake in shares of Saia during the 1st quarter worth about $212,000. Yaupon Capital Management LP bought a new stake in shares of Saia in the 1st quarter worth approximately $4,270,000. Finally, Tidal Investments LLC raised its holdings in shares of Saia by 162.3% in the 1st quarter. Tidal Investments LLC now owns 2,846 shares of the transportation company’s stock worth $1,665,000 after purchasing an additional 1,761 shares in the last quarter.

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.