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

Saia (NASDAQ:SAIA) had its target price cut by stock analysts at Citigroup from $561.00 to $544.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the transportation company’s stock. Citigroup’s target price suggests a potential upside of 15.22% from the stock’s current price.

SAIA has been the subject of a number of other research reports. Jefferies Financial Group lifted their price objective on shares of Saia from $525.00 to $560.00 and gave the company a “buy” rating in a report on Friday, January 10th. Stephens boosted their price target on shares of Saia from $481.00 to $515.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. The Goldman Sachs Group boosted their price target on shares of Saia from $492.00 to $563.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. Wells Fargo & Company reduced their price target on shares of Saia from $550.00 to $510.00 and set an “equal weight” rating for the company in a report on Tuesday. Finally, Stifel Nicolaus boosted 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. One research 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. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $526.88.

Saia Trading Up 0.4 %

SAIA traded up $1.73 on Tuesday, reaching $472.14. 119,642 shares of the company traded hands, compared to its average volume of 367,615. Saia has a one year low of $358.90 and a one year high of $628.34. The firm has a fifty day simple moving average of $496.74 and a two-hundred day simple moving average of $461.67. The company has a market cap of $12.55 billion, a P/E ratio of 33.76, a price-to-earnings-growth 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.

Saia (NASDAQ:SAIA) last announced its quarterly earnings data on Friday, February 7th. The transportation company reported $2.84 earnings per share 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 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 business earned $3.33 EPS. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. As a group, equities research analysts expect that Saia will post 13.47 earnings per share for the current year.

Insiders Place Their Bets

In other Saia news, EVP Rohit Lal sold 1,120 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $560.00, for a total transaction of $627,200.00. Following the sale, the executive vice president now owns 8,270 shares of the company’s stock, valued at approximately $4,631,200. The trade was a 11.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.30% of the stock is owned by insiders.

Institutional Trading of Saia

Large investors have recently bought and sold shares of the stock. Artemis Investment Management LLP boosted its holdings in shares of Saia by 72.9% in the 4th quarter. Artemis Investment Management LLP now owns 249,782 shares of the transportation company’s stock valued at $113,833,000 after acquiring an additional 105,356 shares during the last quarter. Stephens Investment Management Group LLC purchased a new stake in shares of Saia in the 4th quarter valued at $45,767,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of Saia by 64.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 250,626 shares of the transportation company’s stock valued at $109,589,000 after acquiring an additional 98,383 shares during the last quarter. Wasatch Advisors LP boosted its holdings in shares of 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 acquiring an additional 64,351 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new stake in shares of Saia in the 3rd quarter valued at $22,979,000.

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.