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

Saia (NASDAQ:SAIA) had its price target cut by Susquehanna from $540.00 to $410.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the transportation company’s stock. Susquehanna’s price target indicates a potential upside of 14.21% from the stock’s previous close.

Several other equities research analysts have also commented on SAIA. Raymond James cut their price objective on Saia from $560.00 to $540.00 and set an “outperform” rating for the company in a research note on Tuesday, February 4th. Stephens reaffirmed an “overweight” rating and issued a $600.00 price target on shares of Saia in a research note on Thursday, February 6th. Stifel Nicolaus raised Saia from a “hold” rating to a “buy” rating and set a $524.00 price objective for the company in a research note on Monday, February 24th. Deutsche Bank Aktiengesellschaft began coverage on Saia in a report on Friday, March 7th. They issued a “buy” rating and a $570.00 price objective on the stock. Finally, JPMorgan Chase & Co. dropped their target price on shares of Saia from $566.00 to $558.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $513.06.

Saia Trading Down 4.5 %

Shares of SAIA stock opened at $359.00 on Monday. Saia has a 1-year low of $342.68 and a 1-year high of $624.55. The company has a market cap of $9.56 billion, a price-to-earnings ratio of 26.57, a PEG ratio of 2.24 and a beta of 1.89. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.57 and a quick ratio of 1.26. The stock has a 50 day simple moving average of $431.71 and a 200-day simple moving average of $465.06.

Saia (NASDAQ:SAIA) last posted its quarterly earnings data 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). The company had revenue of $789.00 million for the quarter, compared to analysts’ expectations of $794.69 million. Saia had a net margin of 11.28% and a return on equity of 16.63%. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the previous year, the business earned $3.33 earnings per share. On average, equities research analysts expect that Saia will post 15.46 EPS for the current fiscal year.

Insiders Place Their Bets

In other Saia news, EVP Patrick D. Sugar sold 799 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $493.74, for a total transaction of $394,498.26. Following the completion of the transaction, the executive vice president now owns 8,629 shares of the company’s stock, valued at $4,260,482.46. This trade represents a 8.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Kelly W. Benton sold 460 shares of Saia stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $500.00, for a total transaction of $230,000.00. Following the sale, the chief accounting officer now owns 4,287 shares of the company’s stock, valued at approximately $2,143,500. This represents a 9.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,493 shares of company stock valued at $4,646,181 over the last quarter. 0.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Saia

A number of hedge funds have recently made changes to their positions in the stock. Kestra Investment Management LLC acquired a new position in Saia during the fourth quarter worth $25,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Saia by 172.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company’s stock worth $28,000 after acquiring an additional 38 shares in the last quarter. Atala Financial Inc purchased a new position in Saia during the 4th quarter valued at about $36,000. Huntington National Bank grew its position in Saia by 291.7% in the 4th quarter. Huntington National Bank now owns 94 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 70 shares in the last quarter. Finally, Tortoise Investment Management LLC increased its stake in Saia by 76.6% during the fourth quarter. Tortoise Investment Management LLC now owns 113 shares of the transportation company’s stock worth $51,000 after purchasing an additional 49 shares during the period.

About Saia

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.