Raymond James Has Lowered Expectations 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 suggests a potential upside of 14.19% from the company’s current price.

Several other equities research analysts have also recently weighed in on SAIA. Susquehanna upped their target price on Saia from $530.00 to $540.00 and gave the stock a “neutral” rating in a research note on Tuesday. Bank of America cut their price target on Saia from $600.00 to $565.00 and set a “buy” rating for the company in a research note on Tuesday. The Goldman Sachs Group raised their price objective on shares of Saia from $492.00 to $563.00 and gave the stock a “neutral” rating in a report on Thursday, December 12th. Stifel Nicolaus raised their price target on shares of Saia from $443.00 to $529.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Saia from $566.00 to $558.00 and set an “overweight” rating on the stock in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $532.76.

Saia Trading Up 0.5 %

NASDAQ:SAIA traded up $2.49 on Tuesday, reaching $472.90. The company’s stock had a trading volume of 70,169 shares, compared to its average volume of 365,422. The firm has a market cap of $12.57 billion, a PE ratio of 33.82, a PEG ratio of 2.31 and a beta of 1.79. The business’s 50-day moving average price is $496.74 and its two-hundred day moving average price is $461.67. Saia has a 1-year low of $358.90 and a 1-year high of $628.34. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.26.

Saia (NASDAQ:SAIA) last released its 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 18.00% and a net margin of 11.83%. The company had revenue of $789.00 million for the quarter, compared to the consensus estimate of $794.69 million. During the same quarter in the previous year, the company posted $3.33 EPS. The business’s revenue was up 5.0% on a year-over-year basis. Equities research analysts anticipate that Saia will post 13.47 earnings per share for the current fiscal year.

Insider Transactions at Saia

In other Saia news, EVP Rohit Lal sold 1,120 shares of Saia 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 completion of the transaction, the executive vice president now owns 8,270 shares in the company, valued at approximately $4,631,200. The trade was a 11.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. State Street Corp lifted its position in shares of Saia by 3.1% during the third 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 grew its position in Saia by 10.2% in the 3rd quarter. Wasatch Advisors LP now owns 692,405 shares of the transportation company’s stock valued at $302,761,000 after buying an additional 64,351 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Saia by 1.4% during 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 in the last quarter. Westfield Capital Management Co. LP boosted its holdings in shares of Saia by 11.8% in the third quarter. Westfield Capital Management Co. LP now owns 303,582 shares of the transportation company’s stock worth $132,744,000 after buying an additional 31,991 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Saia by 4.5% during the fourth 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 period.

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.