Saia (NASDAQ:SAIA) Price Target Cut to $600.00 by Analysts at Bank of America

Saia (NASDAQ:SAIA) had its price target lowered by Bank of America from $612.00 to $600.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the transportation company’s stock. Bank of America‘s target price points to a potential upside of 22.65% from the company’s current price.

Several other research firms have also issued reports on SAIA. Susquehanna restated a “neutral” rating and issued a $530.00 price target (down from $565.00) on shares of Saia in a research report on Tuesday, January 7th. Stephens boosted their target price on Saia from $481.00 to $515.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Evercore ISI cut their price target on shares of Saia from $503.00 to $488.00 and set an “outperform” rating on the stock in a research report on Thursday, October 3rd. Barclays lifted their price objective on shares of Saia from $515.00 to $620.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Finally, Wolfe Research upgraded shares of 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 investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $523.76.

Saia Trading Up 1.0 %

Saia stock traded up $5.00 during mid-day trading on Thursday, hitting $489.21. The stock had a trading volume of 62,880 shares, compared to its average volume of 293,678. The stock has a market capitalization of $13.01 billion, a PE ratio of 34.96, a P/E/G ratio of 2.12 and a beta of 1.79. Saia has a 12 month low of $358.90 and a 12 month high of $628.34. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. The stock has a 50-day simple moving average of $509.17 and a two-hundred day simple moving average of $459.54.

Saia (NASDAQ:SAIA) last issued its quarterly 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 return on equity of 18.00% and a net margin of 11.83%. The business had revenue of $842.10 million for the quarter, compared to analyst estimates of $839.82 million. During the same quarter in the prior year, the firm earned $3.67 EPS. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Saia will post 13.49 EPS for the current year.

Insider Transactions at Saia

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

Institutional Trading of Saia

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