TD Cowen Trims Saia (NASDAQ:SAIA) Target Price to $473.00

Saia (NASDAQ:SAIA) had its price target decreased by TD Cowen from $528.00 to $473.00 in a research note issued to investors on Monday morning, Marketbeat reports. TD Cowen currently has a hold rating on the transportation company’s stock.

A number of other research analysts have also weighed in on the company. JPMorgan Chase & Co. assumed coverage on Saia in a report on Monday, March 11th. They issued an overweight rating and a $676.00 target price on the stock. BMO Capital Markets increased their price target on Saia from $450.00 to $515.00 and gave the company a market perform rating in a research report on Monday, February 5th. UBS Group increased their price target on Saia from $475.00 to $618.00 and gave the company a buy rating in a research report on Monday, February 5th. The Goldman Sachs Group increased their price target on Saia from $504.00 to $567.00 and gave the company a neutral rating in a research report on Thursday, April 11th. Finally, Bank of America increased their price target on Saia from $600.00 to $645.00 and gave the company a buy rating in a research report on Tuesday, March 5th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Saia presently has an average rating of Hold and an average target price of $497.22.

Saia Stock Down 0.2 %

SAIA stock opened at $396.00 on Monday. Saia has a twelve month low of $266.91 and a twelve month high of $628.34. The company has a quick ratio of 2.01, a current ratio of 1.23 and a debt-to-equity ratio of 0.04. The stock’s 50 day moving average is $560.37 and its 200-day moving average is $479.31. The firm has a market capitalization of $10.53 billion, a PE ratio of 28.70, a P/E/G ratio of 1.35 and a beta of 1.62.

Saia (NASDAQ:SAIA) last posted its earnings results on Friday, April 26th. The transportation company reported $3.38 earnings per share for the quarter, missing analysts’ consensus estimates of $3.43 by ($0.05). Saia had a net margin of 12.42% and a return on equity of 19.53%. The company had revenue of $754.80 million during the quarter, compared to the consensus estimate of $772.36 million. During the same quarter in the prior year, the business earned $2.85 EPS. The firm’s revenue for the quarter was up 14.3% compared to the same quarter last year. Sell-side analysts expect that Saia will post 16.13 EPS for the current fiscal year.

Insider Activity

In other news, CEO Frederick J. Holzgrefe III sold 7,500 shares of Saia stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $533.46, for a total value of $4,000,950.00. Following the completion of the transaction, the chief executive officer now directly owns 14,248 shares in the company, valued at $7,600,738.08. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Donna E. Epps sold 400 shares of Saia stock in a transaction on Friday, February 9th. The stock was sold at an average price of $565.14, for a total transaction of $226,056.00. Following the completion of the sale, the director now owns 1,583 shares of the company’s stock, valued at $894,616.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Frederick J. Holzgrefe III sold 7,500 shares of Saia stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $533.46, for a total value of $4,000,950.00. Following the sale, the chief executive officer now directly owns 14,248 shares of the company’s stock, valued at approximately $7,600,738.08. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,699 shares of company stock worth $14,966,813. 0.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Saia

Large investors have recently added to or reduced their stakes in the business. Contravisory Investment Management Inc. bought a new stake in Saia during the fourth quarter valued at $26,000. Pineridge Advisors LLC purchased a new position in shares of Saia in the 4th quarter worth about $26,000. Core Wealth Advisors Inc. purchased a new position in shares of Saia in the 4th quarter worth about $32,000. Rise Advisors LLC purchased a new position in shares of Saia in the 1st quarter worth about $40,000. Finally, GAMMA Investing LLC purchased a new position in shares of Saia in the 4th quarter worth about $43,000.

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.