Citigroup Cuts Saia (NASDAQ:SAIA) Price Target to $644.00

Saia (NASDAQ:SAIA) had its target price trimmed by Citigroup from $651.00 to $644.00 in a research report report published on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the transportation company’s stock.

A number of other equities analysts also recently issued reports on SAIA. Barclays increased their price target on shares of Saia from $515.00 to $620.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Wolfe Research raised Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 price objective for the company in a research note on Wednesday, October 9th. Bank of America raised their price target on Saia from $443.00 to $460.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. TD Cowen increased their price objective on shares of Saia from $416.00 to $418.00 and gave the company a “hold” rating in a research note on Thursday, September 5th. Finally, Susquehanna lifted their price target on shares of Saia from $550.00 to $585.00 and gave the stock a “positive” rating in a report on Wednesday, September 18th. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, Saia has an average rating of “Moderate Buy” and an average target price of $510.59.

Saia Stock Performance

NASDAQ:SAIA opened at $515.93 on Wednesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.26 and a quick ratio of 1.26. Saia has a 12 month low of $358.90 and a 12 month high of $628.34. The business’s fifty day moving average price is $493.86 and its 200 day moving average price is $450.06. The firm has a market capitalization of $13.72 billion, a PE ratio of 36.85, a price-to-earnings-growth ratio of 3.02 and a beta of 1.74.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Friday, October 25th. The transportation company reported $3.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.53 by ($0.07). The company had revenue of $842.10 million during the quarter, compared to analyst estimates of $839.82 million. Saia had a net margin of 11.83% and a return on equity of 18.00%. During the same quarter last year, the firm earned $3.67 EPS. The business’s revenue was up 8.6% on a year-over-year basis. On average, sell-side analysts anticipate that Saia will post 13.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Rohit Lal sold 1,120 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $560.00, for a total value of $627,200.00. Following the sale, the executive vice president now directly owns 8,270 shares in the company, valued at $4,631,200. The trade was a 11.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.30% of the company’s stock.

Institutional Investors Weigh In On Saia

Several institutional investors have recently bought and sold shares of the company. American Century Companies Inc. lifted its position in shares of Saia by 347.3% in the second quarter. American Century Companies Inc. now owns 159,853 shares of the transportation company’s stock worth $75,817,000 after purchasing an additional 124,117 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Saia by 64.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 250,626 shares of the transportation company’s stock worth $109,589,000 after buying an additional 98,383 shares during the last quarter. Wasatch Advisors LP grew 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 in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new stake in Saia during the third quarter worth about $22,979,000. Finally, International Assets Investment Management LLC boosted its position in Saia by 43,625.8% during the third quarter. International Assets Investment Management LLC now owns 38,916 shares of the transportation company’s stock valued at $17,016,000 after purchasing an additional 38,827 shares during the last quarter.

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.