Citigroup Lowers Saia (NASDAQ:SAIA) Price Target to $544.00

Saia (NASDAQ:SAIA) had its price target lowered by equities researchers at Citigroup from $561.00 to $544.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the transportation company’s stock. Citigroup’s price objective would suggest a potential upside of 8.15% from the stock’s current price.

SAIA has been the subject of a number of other reports. Bank of America decreased their price target on Saia from $600.00 to $565.00 and set a “buy” rating for the company in a report on Tuesday. Susquehanna upped their price target on Saia from $530.00 to $540.00 and gave the company a “neutral” rating in a report on Tuesday. Raymond James cut their price objective on shares of Saia from $560.00 to $540.00 and set an “outperform” rating on the stock in a report on Tuesday. Barclays lowered their target price on shares of Saia from $620.00 to $600.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Finally, The Goldman Sachs Group increased their target price on shares of Saia from $492.00 to $563.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $530.41.

Saia Stock Up 5.0 %

Shares of NASDAQ:SAIA opened at $503.01 on Tuesday. Saia has a fifty-two week low of $358.90 and a fifty-two week high of $628.34. The firm’s 50 day moving average price is $493.78 and its 200 day moving average price is $461.92. 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 stock has a market cap of $13.38 billion, a price-to-earnings ratio of 35.93, a price-to-earnings-growth ratio of 2.31 and a beta of 1.79.

Saia (NASDAQ:SAIA) last announced its quarterly earnings data on Friday, February 7th. The transportation company reported $2.84 earnings per share for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.03). The firm had revenue of $789.00 million during the quarter, compared to analyst estimates of $794.69 million. Saia had a net margin of 11.83% and a return on equity of 18.00%. Saia’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.33 earnings per share. As a group, equities research analysts predict that Saia will post 13.47 earnings per share for the current fiscal year.

Insider Transactions at Saia

In other Saia news, EVP Rohit Lal sold 1,120 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 8,270 shares of the company’s stock, valued at $4,631,200. This represents a 11.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Kestra Investment Management LLC purchased a new stake in shares of Saia during the fourth quarter worth approximately $25,000. Paladin Wealth LLC acquired a new position in Saia in the 3rd quarter valued at $40,000. Tobam purchased a new position in Saia during the 3rd quarter worth $100,000. Blue Trust Inc. lifted its stake in shares of Saia by 319.1% in the 3rd quarter. Blue Trust Inc. now owns 285 shares of the transportation company’s stock worth $135,000 after acquiring an additional 217 shares during the period. Finally, Arcadia Investment Management Corp MI purchased a new stake in shares of Saia in the fourth quarter valued at about $154,000.

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.