Susquehanna Reaffirms Neutral Rating for Saia (NASDAQ:SAIA)

Saia (NASDAQ:SAIA)‘s stock had its “neutral” rating reiterated by research analysts at Susquehanna in a research note issued on Tuesday, MarketBeat Ratings reports. They presently have a $530.00 price target on the transportation company’s stock, down from their previous price target of $565.00. Susquehanna’s price objective would indicate a potential upside of 18.25% from the stock’s current price.

Other equities analysts have also issued research reports about the company. Wolfe Research raised Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 target price for the company in a research report on Wednesday, October 9th. Barclays increased their price objective on shares of Saia from $515.00 to $620.00 and gave the company an “overweight” rating in a research report on Wednesday, November 13th. Benchmark reaffirmed a “buy” rating and issued a $480.00 target price on shares of Saia in a research report on Thursday, September 19th. The Goldman Sachs Group increased their price target on Saia from $492.00 to $563.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. Finally, Jefferies Financial Group lifted their price objective on Saia from $480.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Saia has a consensus rating of “Moderate Buy” and an average target price of $511.65.

Saia Trading Down 2.2 %

NASDAQ:SAIA opened at $448.22 on Tuesday. The stock has a market cap of $11.92 billion, a price-to-earnings ratio of 32.02, a PEG ratio of 2.96 and a beta of 1.79. 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 company’s 50 day moving average price is $514.18 and its 200-day moving average price is $459.72. Saia has a 52 week low of $358.90 and a 52 week high of $628.34.

Saia (NASDAQ:SAIA) last issued its earnings results on Friday, October 25th. The transportation company reported $3.46 EPS for the quarter, missing the consensus estimate of $3.53 by ($0.07). Saia had a net margin of 11.83% and a return on equity of 18.00%. The business had revenue of $842.10 million for the quarter, compared to analysts’ expectations of $839.82 million. During the same quarter in the prior year, the business posted $3.67 earnings per share. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities research analysts forecast that Saia will post 13.51 earnings per share for the current fiscal year.

Insider Transactions at Saia

In related news, EVP Rohit Lal sold 1,120 shares of Saia 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 sale, the executive vice president now owns 8,270 shares of the company’s stock, valued at approximately $4,631,200. This trade represents a 11.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.30% of the company’s stock.

Institutional Investors Weigh In On Saia

A number of institutional investors have recently added to or reduced their stakes in SAIA. Paladin Wealth LLC purchased a new position in shares of Saia in the third quarter worth $40,000. Quarry LP bought a new stake in Saia in the 2nd quarter valued at $41,000. Tobam bought a new stake in Saia in the 3rd quarter valued at $100,000. Blue Trust Inc. lifted its stake in 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 purchasing an additional 217 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Saia by 148.0% during the 4th quarter. GAMMA Investing LLC now owns 367 shares of the transportation company’s stock valued at $167,000 after purchasing an additional 219 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.