Saia (NASDAQ:SAIA) PT Lowered to $550.00

Saia (NASDAQ:SAIA) had its price objective trimmed by Susquehanna from $610.00 to $550.00 in a research report report published on Wednesday, Benzinga reports. The brokerage currently has a positive rating on the transportation company’s stock.

SAIA has been the subject of a number of other reports. Raymond James upped their target price on shares of Saia from $565.00 to $604.00 and gave the company an outperform rating in a report on Monday, April 15th. Bank of America dropped their price target on shares of Saia from $645.00 to $484.00 and set a buy rating for the company in a research report on Monday, April 29th. JPMorgan Chase & Co. dropped their price target on shares of Saia from $676.00 to $580.00 and set an overweight rating for the company in a research report on Monday, April 29th. StockNews.com lowered shares of Saia from a hold rating to a sell rating in a research report on Monday, April 29th. Finally, UBS Group dropped their price target on shares of Saia from $618.00 to $541.00 and set a buy rating for the company in a research report on Monday, April 29th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of $497.41.

Saia Stock Down 0.7 %

Shares of SAIA stock opened at $452.74 on Wednesday. Saia has a 12 month low of $302.35 and a 12 month high of $628.34. The stock has a market cap of $12.04 billion, a P/E ratio of 32.81, a P/E/G ratio of 1.64 and a beta of 1.70. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.04. The company has a 50 day simple moving average of $453.70 and a two-hundred day simple moving average of $483.83.

Saia (NASDAQ:SAIA) last announced its earnings results on Friday, April 26th. The transportation company reported $3.38 EPS 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 business had revenue of $754.80 million for the quarter, compared to analysts’ expectations of $772.36 million. During the same period in the prior year, the company posted $2.85 earnings per share. The firm’s quarterly revenue was up 14.3% on a year-over-year basis. On average, research analysts expect that Saia will post 15.26 earnings per share for the current year.

Insider Buying and Selling at Saia

In other Saia news, Director John P. Gainor, Jr. acquired 500 shares of the stock in a transaction on Thursday, May 2nd. The stock was acquired at an average price of $407.00 per share, for a total transaction of $203,500.00. Following the completion of the transaction, the director now directly owns 900 shares of the company’s stock, valued at $366,300. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Saia

Institutional investors have recently bought and sold shares of the business. Contravisory Investment Management Inc. bought a new position in Saia during the fourth quarter valued at $26,000. Pineridge Advisors LLC purchased a new stake in shares of Saia in the fourth quarter valued at $26,000. Rise Advisors LLC purchased a new stake in shares of Saia in the first quarter valued at $40,000. Core Wealth Advisors Inc. purchased a new stake in shares of Saia in the fourth quarter valued at $32,000. Finally, GAMMA Investing LLC purchased a new stake in shares of Saia in the fourth quarter valued at $43,000.

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.