Barclays Lowers Saia (NASDAQ:SAIA) Price Target to $600.00

Saia (NASDAQ:SAIA) had its price objective lowered by equities research analysts at Barclays from $620.00 to $600.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the transportation company’s stock. Barclays‘s price target suggests a potential upside of 23.23% from the stock’s current price.

SAIA has been the subject of several other research reports. Bank of America reduced their price objective on shares of Saia from $612.00 to $600.00 and set a “buy” rating for the company in a research note on Thursday. The Goldman Sachs Group increased their price objective on Saia from $492.00 to $563.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. Susquehanna reaffirmed a “neutral” rating and issued a $530.00 price target (down previously from $565.00) on shares of Saia in a report on Tuesday, January 7th. BMO Capital Markets upped their target price on Saia from $465.00 to $495.00 and gave the company a “market perform” rating in a research report on Monday, October 28th. Finally, Wolfe Research raised shares of Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 price target for the company in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $522.59.

Saia Stock Down 1.2 %

NASDAQ:SAIA opened at $486.89 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.26 and a quick ratio of 1.26. Saia has a 1-year low of $358.90 and a 1-year high of $628.34. The company has a 50-day moving average of $506.97 and a 200 day moving average of $459.83. The firm has a market cap of $12.95 billion, a PE ratio of 34.78, a price-to-earnings-growth ratio of 2.12 and a beta of 1.79.

Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Friday, October 25th. The transportation company reported $3.46 earnings per share for the quarter, missing the consensus estimate of $3.53 by ($0.07). Saia had a return on equity of 18.00% and a net margin of 11.83%. The business had revenue of $842.10 million during the quarter, compared to analysts’ expectations of $839.82 million. During the same period in the previous year, the company posted $3.67 EPS. Saia’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, research analysts anticipate that Saia will post 13.49 EPS for the current fiscal year.

Insiders Place Their Bets

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

Institutional Trading of Saia

Institutional investors and hedge funds have recently modified their holdings of the stock. Paladin Wealth LLC purchased a new stake in shares of Saia during the third quarter worth $40,000. Quarry LP acquired a new position in shares of Saia during the 2nd quarter worth approximately $41,000. Tobam purchased a new stake in shares of Saia in the third quarter valued at approximately $100,000. Blue Trust Inc. increased its holdings in shares of Saia by 319.1% in the third quarter. Blue Trust Inc. now owns 285 shares of the transportation company’s stock valued at $135,000 after purchasing an additional 217 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in Saia by 148.0% during the fourth quarter. GAMMA Investing LLC now owns 367 shares of the transportation company’s stock worth $167,000 after buying an additional 219 shares in the last quarter.

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.