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

Saia (NASDAQ:SAIA) had its price target decreased by Barclays from $620.00 to $600.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the transportation company’s stock. Barclays‘s price objective would indicate a potential upside of 21.97% from the stock’s current price.

Several other analysts also recently commented on the company. Bank of America reduced their target price on Saia from $612.00 to $600.00 and set a “buy” rating for the company in a research note on Thursday. BMO Capital Markets upped their target price on Saia from $465.00 to $495.00 and gave the stock a “market perform” rating in a research report on Monday, October 28th. Jefferies Financial Group increased their target price on Saia from $525.00 to $560.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Wolfe Research upgraded 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 note on Wednesday, October 9th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Saia from $499.00 to $566.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. 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 company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $522.59.

Saia Trading Down 0.2 %

SAIA stock traded down $1.12 during mid-day trading on Friday, reaching $491.92. The company’s stock had a trading volume of 60,753 shares, compared to its average volume of 282,188. 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 business’s 50 day moving average price is $508.13 and its 200 day moving average price is $459.77. The company has a market cap of $13.08 billion, a price-to-earnings ratio of 35.11, a price-to-earnings-growth ratio of 2.12 and a beta of 1.79.

Saia (NASDAQ:SAIA) last released its earnings results on Friday, October 25th. The transportation company reported $3.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.53 by ($0.07). The company had revenue of $842.10 million for the quarter, compared to analyst estimates of $839.82 million. Saia had a net margin of 11.83% and a return on equity of 18.00%. The firm’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.67 EPS. On average, equities research analysts predict that Saia will post 13.49 EPS for the current year.

Insider Transactions at Saia

In other news, EVP Rohit Lal sold 1,120 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $560.00, for a total value 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 trade represents a 11.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.30% of the company’s stock.

Institutional Trading of Saia

Institutional investors and hedge funds have recently bought and sold shares of the company. Oddo BHF Asset Management Sas purchased a new position in shares of Saia during the 3rd quarter valued at $1,408,000. MML Investors Services LLC grew its position in Saia by 89.8% during the third quarter. MML Investors Services LLC now owns 4,313 shares of the transportation company’s stock worth $1,886,000 after buying an additional 2,041 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new position in Saia in the 3rd quarter worth about $22,979,000. BNP Paribas Financial Markets raised its holdings in shares of Saia by 61.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,698 shares of the transportation company’s stock valued at $1,617,000 after acquiring an additional 1,411 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Saia by 6.0% in the 3rd quarter. Franklin Resources Inc. now owns 68,474 shares of the transportation company’s stock valued at $31,633,000 after acquiring an additional 3,886 shares in 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.