Saia (NASDAQ:SAIA) Price Target Cut to $600.00 by Analysts at Bank of America

Saia (NASDAQ:SAIA) had its target price cut by Bank of America from $612.00 to $600.00 in a report issued on Thursday morning,Benzinga reports. They currently have a buy rating on the transportation company’s stock.

Several other research firms have also issued reports on SAIA. The Goldman Sachs Group upped their target price on shares of Saia from $492.00 to $563.00 and gave the stock a “neutral” rating in a research note on Thursday, December 12th. Stephens increased their price objective on shares of Saia from $481.00 to $515.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Jefferies Financial Group boosted their target price on Saia from $525.00 to $560.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. BMO Capital Markets increased their price target on Saia from $465.00 to $495.00 and gave the company a “market perform” rating in a research report on Monday, October 28th. Finally, Stifel Nicolaus boosted their price objective on Saia from $440.00 to $443.00 and gave the stock a “hold” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $523.76.

Saia Stock Up 1.8 %

Saia stock opened at $493.04 on Thursday. The company has a market capitalization of $13.11 billion, a PE ratio of 35.22, a PEG ratio of 2.12 and a beta of 1.79. The firm’s fifty day moving average is $508.13 and its 200 day moving average is $459.77. 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 has a 12-month low of $358.90 and a 12-month high of $628.34.

Saia (NASDAQ:SAIA) last posted its earnings results on Friday, October 25th. The transportation company reported $3.46 earnings per share for the quarter, missing analysts’ consensus estimates of $3.53 by ($0.07). Saia had a net margin of 11.83% and a return on equity of 18.00%. The company had revenue of $842.10 million during the quarter, compared to the consensus estimate of $839.82 million. During the same quarter in the prior year, the business earned $3.67 EPS. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, sell-side analysts predict that Saia will post 13.49 EPS for the current fiscal year.

Insider Activity at Saia

In related news, EVP Rohit Lal sold 1,120 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $560.00, for a total transaction of $627,200.00. Following the sale, the executive vice president now directly owns 8,270 shares in the company, 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 SEC, which can be accessed through this hyperlink. 0.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SAIA. Paladin Wealth LLC purchased a new stake in shares of Saia in the third quarter worth about $40,000. Quarry LP purchased a new stake in Saia in the 2nd quarter worth approximately $41,000. Tobam purchased a new position in shares of Saia during the 3rd quarter valued at $100,000. Blue Trust Inc. grew its position in shares of Saia by 319.1% during the 3rd quarter. Blue Trust Inc. now owns 285 shares of the transportation company’s stock valued at $135,000 after purchasing an additional 217 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Saia by 148.0% in the fourth quarter. GAMMA Investing LLC now owns 367 shares of the transportation company’s stock worth $167,000 after purchasing an additional 219 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.