Saia (NASDAQ:SAIA) Price Target Lowered to $520.00 at Raymond James

Saia (NASDAQ:SAIA) had its target price cut by Raymond James from $540.00 to $520.00 in a research report report published on Monday morning, Benzinga reports. They currently have an outperform rating on the transportation company’s stock.

SAIA has been the topic of several other research reports. BMO Capital Markets upped their price objective on Saia from $490.00 to $500.00 and gave the company a market perform rating in a research report on Thursday, June 13th. UBS Group dropped their price target on Saia from $618.00 to $541.00 and set a buy rating on the stock in a research report on Monday, April 29th. Wolfe Research downgraded Saia from an outperform rating to a peer perform rating in a research report on Thursday, April 11th. The Goldman Sachs Group increased their price target on Saia from $504.00 to $567.00 and gave the stock a neutral rating in a research report on Thursday, April 11th. Finally, JPMorgan Chase & Co. dropped their price target on Saia from $676.00 to $580.00 and set an overweight rating on the stock in a research report on Monday, April 29th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Hold and a consensus target price of $492.47.

Saia Stock Performance

NASDAQ SAIA opened at $467.05 on Monday. The business’s 50 day moving average price is $438.29 and its 200-day moving average price is $486.73. The company has a market cap of $12.42 billion, a P/E ratio of 33.84, a P/E/G ratio of 1.65 and a beta of 1.70. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.23 and a current ratio of 1.23. Saia has a fifty-two week low of $313.53 and a fifty-two week high of $628.34.

Saia (NASDAQ:SAIA) last announced its quarterly earnings data on Friday, April 26th. The transportation company reported $3.38 EPS for the quarter, missing the consensus estimate of $3.43 by ($0.05). The business had revenue of $754.80 million during the quarter, compared to the consensus estimate of $772.36 million. Saia had a net margin of 12.42% and a return on equity of 19.53%. The business’s revenue was up 14.3% compared to the same quarter last year. During the same period last year, the company earned $2.85 EPS. Sell-side analysts predict that Saia will post 15.31 earnings per share for the current year.

Insider Buying and Selling at Saia

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

Institutional Investors Weigh In On Saia

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Capital Research Global Investors raised its stake in shares of Saia by 129.8% in the fourth quarter. Capital Research Global Investors now owns 920,258 shares of the transportation company’s stock worth $403,275,000 after purchasing an additional 519,819 shares during the last quarter. Norges Bank purchased a new position in shares of Saia in the fourth quarter worth about $201,117,000. Vaughan Nelson Investment Management L.P. raised its stake in shares of Saia by 53.1% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 663,265 shares of the transportation company’s stock worth $290,655,000 after purchasing an additional 230,058 shares during the last quarter. Jennison Associates LLC raised its stake in shares of Saia by 65.9% in the fourth quarter. Jennison Associates LLC now owns 211,673 shares of the transportation company’s stock worth $92,759,000 after purchasing an additional 84,046 shares during the last quarter. Finally, TimesSquare Capital Management LLC raised its stake in shares of Saia by 129.1% in the fourth quarter. TimesSquare Capital Management LLC now owns 115,660 shares of the transportation company’s stock worth $50,685,000 after purchasing an additional 65,185 shares during 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.