Barclays Issues Pessimistic Forecast for Saia (NASDAQ:SAIA) Stock Price

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

Several other brokerages have also issued reports on SAIA. Benchmark reissued a “buy” rating and issued a $480.00 price target on shares of Saia in a report on Thursday, September 19th. Bank of America decreased 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. Stifel Nicolaus raised their price target on Saia from $440.00 to $443.00 and gave the stock a “hold” rating in a research report on Wednesday. Wolfe Research upgraded Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 price objective for the company in a research report on Wednesday, October 9th. Finally, BMO Capital Markets lifted their price target on Saia from $465.00 to $495.00 and gave the company a “market perform” rating in a research note on Monday, October 28th. One 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, the stock has a consensus rating of “Moderate Buy” and an average target price of $522.59.

Saia Price Performance

NASDAQ SAIA traded down $1.12 on Friday, hitting $491.92. 60,753 shares of the company were exchanged, compared to its average volume of 282,188. The company has a market cap of $13.08 billion, a P/E ratio of 35.11, a P/E/G ratio of 2.12 and a beta of 1.79. Saia has a 1-year low of $358.90 and a 1-year 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 firm has a 50 day moving average of $508.13 and a two-hundred day moving average of $459.77.

Saia (NASDAQ:SAIA) last posted its quarterly earnings results on Friday, October 25th. The transportation company reported $3.46 earnings per share (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 company had revenue of $842.10 million during the quarter, compared to the consensus estimate of $839.82 million. During the same quarter in the prior year, the business earned $3.67 earnings per share. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities analysts predict that Saia will post 13.49 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Rohit Lal sold 1,120 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $560.00, for a total transaction of $627,200.00. Following the sale, the executive vice president now owns 8,270 shares of the company’s stock, valued at $4,631,200. This trade represents a 11.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.30% of the company’s stock.

Institutional Trading of Saia

A number of hedge funds have recently made changes to their positions in SAIA. CIBC Asset Management Inc increased its stake in shares of Saia by 3.5% in the third quarter. CIBC Asset Management Inc now owns 770 shares of the transportation company’s stock valued at $337,000 after buying an additional 26 shares during the period. Legacy Wealth Asset Management LLC increased its position in Saia by 4.1% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 770 shares of the transportation company’s stock valued at $337,000 after acquiring an additional 30 shares during the period. UMB Bank n.a. raised its stake in shares of Saia by 1.0% during the fourth quarter. UMB Bank n.a. now owns 3,707 shares of the transportation company’s stock valued at $1,689,000 after acquiring an additional 37 shares during the last quarter. Cim LLC grew its stake in shares of Saia by 7.6% in the second quarter. Cim LLC now owns 594 shares of the transportation company’s stock worth $282,000 after purchasing an additional 42 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in Saia by 0.4% in the third quarter. Janney Montgomery Scott LLC now owns 15,397 shares of the transportation company’s stock valued at $6,732,000 after purchasing an additional 59 shares during the period.

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.