Saia (NASDAQ:SAIA) Price Target Lowered to $475.00 at Barclays

Saia (NASDAQ:SAIA) had its price target lowered by Barclays from $535.00 to $475.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the transportation company’s stock. Barclays‘s target price suggests a potential upside of 32.34% from the stock’s current price.

Several other research firms also recently weighed in on SAIA. Wells Fargo & Company lowered their price objective on shares of Saia from $510.00 to $400.00 and set an “equal weight” rating on the stock in a report on Thursday, March 27th. JPMorgan Chase & Co. cut their price target on Saia from $566.00 to $558.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft initiated coverage on Saia in a report on Friday, March 7th. They set a “buy” rating and a $570.00 price objective for the company. Raymond James dropped their target price on Saia from $560.00 to $540.00 and set an “outperform” rating on the stock in a report on Tuesday, February 4th. Finally, Stephens reiterated an “overweight” rating and set a $600.00 price target on shares of Saia in a report on Thursday, February 6th. 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 data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $509.72.

Saia Trading Up 1.2 %

Shares of SAIA stock traded up $4.17 on Wednesday, hitting $358.94. The company had a trading volume of 26,392 shares, compared to its average volume of 429,606. The firm has a market cap of $9.56 billion, a P/E ratio of 26.62, a P/E/G ratio of 2.24 and a beta of 1.89. Saia has a twelve month low of $342.68 and a twelve month high of $624.55. The stock’s 50-day moving average is $425.94 and its two-hundred day moving average is $464.01. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57.

Saia (NASDAQ:SAIA) last issued its earnings results on Friday, February 7th. The transportation company reported $2.84 EPS for the quarter, missing the consensus estimate of $2.87 by ($0.03). Saia had a net margin of 11.28% and a return on equity of 16.63%. The firm had revenue of $789.00 million during the quarter, compared to analyst estimates of $794.69 million. During the same quarter in the prior year, the business earned $3.33 earnings per share. The business’s quarterly revenue was up 5.0% on a year-over-year basis. On average, equities research analysts anticipate that Saia will post 15.46 earnings per share for the current fiscal year.

Insider Transactions at Saia

In related news, CFO Matthew J. Batteh sold 700 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $500.09, for a total transaction of $350,063.00. Following the sale, the chief financial officer now owns 3,326 shares of the company’s stock, valued at approximately $1,663,299.34. This represents a 17.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 value 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. The trade was a 9.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,493 shares of company stock valued at $4,646,181 over the last three months. Company insiders own 0.30% of the company’s stock.

Institutional Investors Weigh In On Saia

Large investors have recently added to or reduced their stakes in the business. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Saia during the 4th quarter valued at $4,493,000. Armis Advisers LLC purchased a new position in Saia in the 4th quarter worth $340,000. Challenger Wealth Management bought a new stake in Saia in the fourth quarter worth $228,000. Castlekeep Investment Advisors LLC purchased a new stake in Saia during the fourth quarter valued at about $2,908,000. Finally, Highview Capital Management LLC DE purchased a new stake in Saia during the 4th quarter valued at about $1,324,000.

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.