Bank of America Cuts Saia (NASDAQ:SAIA) Price Target to $484.00

Saia (NASDAQ:SAIA) had its price objective trimmed by Bank of America from $565.00 to $484.00 in a report published on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the transportation company’s stock.

Other research analysts also recently issued research reports about the company. Stephens reiterated an “overweight” rating and set a $600.00 target price on shares of Saia in a report on Thursday, February 6th. Citigroup reduced their target price on Saia from $544.00 to $498.00 and set a “buy” rating on the stock in a report on Tuesday. TD Cowen upped their target price on Saia from $456.00 to $478.00 and gave the stock a “hold” rating in a report on Tuesday, February 4th. Barclays reduced their target price on Saia from $620.00 to $600.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Finally, The Goldman Sachs Group upped their price target on Saia from $492.00 to $563.00 and gave the stock a “neutral” rating in a research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $530.00.

Saia Trading Down 1.7 %

SAIA opened at $375.92 on Wednesday. The business has a 50 day simple moving average of $463.81 and a two-hundred day simple moving average of $467.30. The firm has a market capitalization of $10.01 billion, a price-to-earnings ratio of 27.83, a PEG ratio of 2.24 and a beta of 1.79. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.57 and a quick ratio of 1.26. Saia has a one year low of $358.90 and a one year high of $624.55.

Saia (NASDAQ:SAIA) last posted its earnings results 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 return on equity of 16.63% and a net margin of 11.28%. The firm had revenue of $789.00 million for the quarter, compared to analysts’ expectations of $794.69 million. During the same quarter last year, the company posted $3.33 EPS. The firm’s revenue was up 5.0% on a year-over-year basis. Analysts predict that Saia will post 15.46 EPS for the current year.

Insider Activity

In other news, CAO Kelly W. Benton sold 460 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $500.00, for a total transaction of $230,000.00. Following the transaction, the chief accounting officer now directly owns 4,287 shares of the company’s stock, valued at $2,143,500. This represents a 9.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Matthew J. Batteh sold 700 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $500.09, for a total value of $350,063.00. Following the transaction, the chief financial officer now directly owns 3,326 shares in the company, valued at $1,663,299.34. The trade was a 17.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,493 shares of company stock valued at $4,646,181 in the last ninety days. 0.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Saia

A number of institutional investors have recently bought and sold shares of SAIA. Stephens Inc. AR raised its holdings in Saia by 172.7% in the 3rd quarter. Stephens Inc. AR now owns 1,290 shares of the transportation company’s stock worth $564,000 after purchasing an additional 817 shares during the period. Janney Montgomery Scott LLC raised its holdings in Saia by 0.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 15,397 shares of the transportation company’s stock worth $6,732,000 after purchasing an additional 59 shares during the period. Van ECK Associates Corp raised its holdings in Saia by 40.0% in the 3rd quarter. Van ECK Associates Corp now owns 17,316 shares of the transportation company’s stock worth $7,150,000 after purchasing an additional 4,948 shares during the period. Marks Group Wealth Management Inc bought a new position in Saia in the 3rd quarter worth $8,882,000. Finally, Lifestyle Asset Management Inc. raised its holdings in Saia by 15.5% in the 3rd quarter. Lifestyle Asset Management Inc. now owns 671 shares of the transportation company’s stock worth $293,000 after purchasing an additional 90 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.