Raymond James Lowers Saia (NASDAQ:SAIA) Price Target to $540.00

Saia (NASDAQ:SAIA) had its price target decreased by equities researchers at Raymond James from $560.00 to $540.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the transportation company’s stock. Raymond James’ price target would indicate a potential upside of 14.19% from the stock’s current price.

Several other equities research analysts also recently commented on SAIA. Bank of America cut their price objective on Saia from $600.00 to $565.00 and set a “buy” rating for the company in a report on Tuesday. Susquehanna increased their price objective on Saia from $530.00 to $540.00 and gave the stock a “neutral” rating in a research report on Tuesday. Stephens increased their price objective on Saia from $481.00 to $515.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. BMO Capital Markets increased their price objective on Saia from $465.00 to $495.00 and gave the stock a “market perform” rating in a research report on Monday, October 28th. Finally, Wolfe Research raised Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 target price on the stock in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $532.76.

Saia Stock Up 0.5 %

Shares of SAIA traded up $2.49 on Tuesday, hitting $472.90. The company’s stock had a trading volume of 70,169 shares, compared to its average volume of 365,422. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.08. The firm’s fifty day moving average price is $496.74 and its 200-day moving average price is $461.67. Saia has a fifty-two week low of $358.90 and a fifty-two week high of $628.34. The firm has a market capitalization of $12.57 billion, a price-to-earnings ratio of 33.82, a P/E/G ratio of 2.31 and a beta of 1.79.

Saia (NASDAQ:SAIA) last issued 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). Saia had a net margin of 11.83% and a return on equity of 18.00%. The business 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 firm posted $3.33 earnings per share. Saia’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, equities research analysts expect that Saia will post 13.47 EPS for the current year.

Insider Activity

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

Institutional Investors Weigh In On Saia

Several hedge funds have recently modified their holdings of the stock. CIBC Asset Management Inc increased its position in shares of Saia by 3.5% in the third quarter. CIBC Asset Management Inc now owns 770 shares of the transportation company’s stock valued at $337,000 after buying an additional 26 shares in the last quarter. Legacy Wealth Asset Management LLC lifted its position in Saia by 4.1% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 770 shares of the transportation company’s stock worth $337,000 after acquiring an additional 30 shares in the last quarter. UMB Bank n.a. lifted its position in Saia by 1.0% during the 4th quarter. UMB Bank n.a. now owns 3,707 shares of the transportation company’s stock worth $1,689,000 after acquiring an additional 37 shares in the last quarter. Avior Wealth Management LLC increased its holdings in Saia by 3.3% during the 4th quarter. Avior Wealth Management LLC now owns 1,171 shares of the transportation company’s stock worth $534,000 after purchasing an additional 37 shares during the last quarter. Finally, Greenleaf Trust increased its holdings in Saia by 6.4% during the 4th quarter. Greenleaf Trust now owns 613 shares of the transportation company’s stock worth $279,000 after purchasing an additional 37 shares during the last quarter.

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.